Institutions and Non-Professionals Could Benefit from Bitcoin ETFs
eToro CEO Yoni Assia believes that exchange-traded funds (ETFs) could drive further adoption of Bitcoin (BTC) among institutions and non-professional investors. Assia explained that institutions prefer to use existing infrastructure rather than build new systems for each asset class, and Bitcoin ETFs align with their operational modes. This familiarity could boost Bitcoin's legitimacy in the eyes of institutional investors and support its price. Additionally, Assia highlighted the importance of user-friendly platforms and the integration of Bitcoin into diverse investment portfolios in attracting retail users to the market.
Grassroots Adoption and Institutional Adoption
While grassroots adoption of cryptocurrencies has slowed down, lower middle-income countries like India, Nigeria, and Ukraine have seen a recovery in adoption. This, coupled with increasing institutional adoption in high-income countries, paints a promising picture for the future of crypto. Assia believes that as people understand the need for non-confiscatable and censorship-resistant internet money, the adoption of Bitcoin will continue to grow over time. He compares Bitcoin to an emerging internet commodity and predicts that it will become a more significant force in the world over the next decade.
