In a recent post on Twitter (X), Richard Teng addressed the sharp declines in both cryptocurrency and equity markets. Teng, a prominent figure in the financial sector, emphasized that these drops are largely influenced by macroeconomic factors rather than indicative of a long-term negative trend.
He pointed out that potential Federal Reserve rate cuts and geopolitical volatility could lead to further market fluctuations. Teng reassured investors, stating, "We do NOT believe it’s indicative of a long-term negative trend." He emphasized the importance of staying informed and conducting thorough research, commonly abbreviated as "DYOR" in investment circles.