CoinDesk Podcast Network Can We Call it an Asset Class Yet? How Serious Investors Can and Should Engage in Crypto | Consensus 2025 Highlights
May 28, 2025
Pascal St-Jean, a trailblazer in the ETF space, joins Anthony Scaramucci, a Bitcoin advocate, Jonathan (Jono) Steinberg, a Wall Street veteran, and crypto expert Andy Baehr for a lively discussion on cryptocurrency's maturation. They dive into how institutional investors are adapting, comparing the current crypto landscape to the tech stock boom. Challenges like custody issues and the need for regulatory clarity are explored, as well as Bitcoin's role as a digital gold. Innovations in ETFs are reshaping investment strategies amid evolving perceptions of crypto.
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Institutions Hesitant but Curious
- Institutional investors are cautious but many have completed due diligence on crypto.
- Hedge funds are the early adopters within the institutional community, especially in Europe.
Bitcoin ETFs as Institutional Gateways
- Bitcoin ETFs have eased institutional investment by satisfying compliance and risk requirements.
- Other crypto assets still require education on their mechanisms and value propositions.
Crypto's '1999' Tech Bubble Analogy
- Crypto resembles tech stocks in tech bubble days, with frothy trading and speculative enthusiasm.
- Liquidity containers like ETFs are vital for transforming crypto into an investable allocation asset class.