Binance CEO: crypto is only 0.15% of financial services — the runway dwarfs the road already travelled.

Richard Teng laid out the bull case in raw numbers this week, posting a comparison that puts crypto exchanges at a combined $55 billion valuation against a $36 trillion financial-services industry — roughly 0.15% penetration. Add global payments at $788 billion and social media at $208 billion, and the total addressable market dwarfs anything crypto has touched so far. "Even marginal adoption across these sectors could drive transformational growth," Teng wrote, stopping short of a specific target rate.

The timing matters. Bitcoin is consolidating well off its October 2025 peaks, but spot CVD is rising alongside early institutional inflows — a pattern that historically signals accumulation rather than distribution. Moving averages are converging and resistance has held repeatedly, which typically precedes a sharp directional break once volume commits to one side.

The macro risk…