Opinion: After Trump takes office, BTC could become a "mainstream" currency
TechFlow Selected TechFlow Selected
Opinion: After Trump takes office, BTC could become a "mainstream" currency
The CEO of WisdomTree stated that BTC and crypto assets will reach "mainstream" status in the coming years.
Navigating Web3 tides with focused insightsSource: cryptoslate
Translation: Blockchain Knight
Jonathan Steinberg, CEO of WisdomTree, believes that BTC and crypto assets are on the verge of "mainstream" adoption and will reach this status within the coming years.
Steinberg expressed this belief in a CNBC interview on July 29, highlighting regulatory clarity, the emergence of publicly traded crypto asset funds, and the tokenization of real-world assets (RWA) as key catalysts driving this trend.
During the interview, Steinberg emphasized the significance of former U.S. President Trump's speech at the BTC 2024 conference on July 27, and its long-term ripple effects on the industry.
According to the WisdomTree CEO, Trump’s ambitious commitment to clarifying regulations for crypto and digital assets marks a pivotal moment for the industry.
Steinberg added: "This kind of regulatory framework will have profoundly positive implications for crypto assets and blockchain finance as an asset class."
"BTC has been the top-performing asset class over the past 15 years and will continue to outperform the market. Regulatory recognition of BTC will further accelerate its adoption."
"BTC is the natural evolution of money, just like smartphones replaced landlines. Digital assets will ultimately become the mainstream form of transaction," said Steinberg.
"In the realm of money, we first had gold, then paper currency. Now we're moving toward programmable money, which will fundamentally transform financial services on a broad scale."
Steinberg also highlighted that discussions around crypto assets are expanding beyond core assets like BTC and Ethereum to encompass the broader tokenization of real-world assets.
He explained: "Crypto assets represent an asset class, and then there's the broader tokenization of all real-world assets. We’re seeing all of this converge."
Steinberg pointed out that traditional financial institutions have already begun entering the RWA market, citing examples such as BlackRock’s BUIDL and Franklin Templeton’s FOBXX.
Meanwhile, Wall Street banking giant Goldman Sachs plans to launch three new tokenized products for institutional clients later this year.
McKinsey & Company forecasts that the RWA market could reach $2 trillion by 2030. However, the firm also noted the industry faces a "cold start" problem, primarily due to limited liquidity and trading volume.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
@CryptoSlate
