Kristin Smith, CEO of the Blockchain Association, shared her views on the growing interest in Bitcoin and possible regulatory changes in the crypto market.
Rising Interest in Bitcoin
Kristin Smith noted a noticeable shift in investor sentiment, saying, “People want to hold more Bitcoin, not less.” She attributes this trend to the growing awareness of Bitcoin as an asset, with both retail investors and institutions exploring its potential.
Crypto Market Regulation
Smith highlighted that the lack of a clear regulatory framework for cryptocurrency exchanges has hindered Bitcoin's wider adoption. She calls for the establishment of a regulated market structure, which could attract more investors. There is also a need for clarity on token classification and custody, ensuring a clear path for exchange and broker registration.
Political Climate and the Future
The current political climate, including a pro-crypto Congress and supportive administration, presents a unique opportunity for the crypto industry. Smith notes that appointing Paul Atkins to lead the SEC may mark a departure from the stricter regulatory approach of Gary Gensler. She also observed a global trend in building up Bitcoin reserves, showing confidence in its long-term potential.
Kristin Smith remains optimistic about Bitcoin’s future, believing demand will continue to grow despite price fluctuations.
