WisdomTree CEO Jonathan Steinberg recently spoke with CNBC\u2019s Mark Quintanilla, stating that crypto is on its way to becoming mainstream in the upcoming years. This assertion is backed by former US President Donald Trump\u2019s positive remarks at a recent Bitcoin conference, highlighting the vast potential for investors.<\/p>\n
Steinberg emphasized that Trump\u2019s enthusiasm towards crypto is appealing to retail investors. Trump\u2019s commitment to providing regulatory clarity for Bitcoin and other cryptocurrencies as an asset class is significant for a market that has faced regulatory challenges from the Securities and Exchange Commission (SEC).<\/p>\n
Regulatory certainty is crucial for widespread crypto acceptance in the US, where adoption lags behind countries like Vietnam, Nigeria, and India, as per Chainalysis. Steinberg also noted Bitcoin\u2019s performance, surpassing private equity in the long run.<\/p>\n
Despite the growing interest in Bitcoin and crypto among retail investors, there are still obstacles to overcome before achieving full mainstream recognition.<\/p>\n
Quintanilla pointed out that the intricate terminology prevalent in the crypto sphere, such as \u201chalving,\u201d \u201cdecentralized finance,\u201d and \u201creal-world asset tokenization,\u201d can intimidate potential investors. Steinberg highlighted the skepticism of regulators towards crypto, hindering broader adoption and causing confusion among passionate retail investors.<\/p>\n
Steinberg mentioned that while crypto has gained some acceptance, true mainstream adoption is a work in progress. He noted the emergence of crypto Exchange-Traded Products (ETPs) in Europe and the US as a step towards mainstreaming the asset class.<\/p>\n
Reflecting on WisdomTree\u2019s history of launching its first ETF two decades ago, Steinberg acknowledged the initial confusion surrounding new technologies. However, as retail investors grasp the fundamental principles of crypto, term normalization is expected to follow.<\/p>\n
Featured image from New Digital Age, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" WisdomTree CEO Jonathan Steinberg recently spoke with CNBC\u2019s Mark Quintanilla, stating that crypto is on its way to becoming mainstream in the upcoming years. This assertion is backed by former US President Donald Trump\u2019s positive remarks at a recent Bitcoin conference, highlighting the vast potential for investors. Unlocking Mainstream Adoption Steinberg emphasized that Trump\u2019s enthusiasm […]<\/p>\n","protected":false},"author":1,"featured_media":16544,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Crypto Going Mainstream: CEO's Bold Declaration - Bitrabo","description":"WisdomTree CEO Jonathan Steinberg recently spoke with CNBC\u2019s Mark Quintanilla, stating that crypto is on its way to becoming mainstream in the upcoming years. T"},"footnotes":""},"categories":[316],"tags":[6700,6699,576,504,1741,2556,3148,1657,6701],"class_list":["post-16543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-arrival","tag-carpet","tag-ceo","tag-crypto","tag-declares","tag-mainstream","tag-moment","tag-red","tag-red-carpet-moment"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/16543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=16543"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/16543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/16544"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=16543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=16543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=16543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}