Binance CEO: Fidelity, BlackRock, Charles Schwab, and even JPMorgan Chase have gone from crypto skeptics to believers

Payment giant MasterCard officially released the Q&A content between its Vice President Ben Fox Rubin and Binance CEO Richard Teng recently. Richard Teng stated that cryptocurrency is very neutral and its existence is to solve the pain points of financial inclusion. Many countries have experienced hyperinflation in the past few years, and holding stablecoins as a means of storing wealth is much better. Moreover, holding Bitcoin has outperformed all asset classes in the past few years. Institutional adoption is playing a role, and Fidelity, BlackRock, Charles Schwab, and even JPMorgan Chase have all turned from crypto skeptics to believers and are offering crypto products. [Odaily Planet Daily News]