The future of crypto is uncertain, but industry leaders agree that 2024 could be a crucial year for the industry. To better understand the potential impact of a spot Bitcoin ETF and the potential merging of crypto and traditional finance, Decrypt has spoken to experts from finance, policy, and the NFT space.
The creation of a spot Bitcoin ETF, though it may not bring a trillion dollars overnight, would still signal a major shift from speculation to investment and legitimize the asset class. Eric Risley, managing partner of digital assets advisory firm Architect Partners, sees this as a huge milestone for crypto, allowing anyone to access it through traditional channels.
Risley believes that this transition will take between five to ten years, but there is already evidence of it in progress. The October announcement of the DTCC acquiring digital asset infrastructure firm Securrency shows that Wall Street is preparing for the future of blockchain technology.
Crypto Crystal Ball is a series which will examine the hottest topics in the industry in 2024. Be sure to stay tuned for more perspectives in the coming days.
Edited by Andrew Hayward.
