Richard Teng: Cryptocurrency Mocked in 2017, Now the Target of Financial Giants
Richard Teng, CEO of Binance, has drawn attention to the remarkable shift in perceptions of cryptocurrency. In a recent post on X, Teng compared the skepticism of 2017 with the wave of adoption by institutions today.
Teng wrote: 'Skeptics in 2017 claimed cryptocurrency was a scam', while 'Institutions in 2025 [say]: 'Cryptocurrency is the next big trend'. It's funny how things change,' he noted.
His comments highlight the tremendous evolution of the financial industry in just a few years. Technology that was once considered alien is now being adopted by some of the largest financial organizations in the world.
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