Note that cryptocurrencies have indeed received a fair amount of praise lately from prominent members of various industries. For example, yesterday we covered the views of Suresh Kumar of the Walmart retail chain. His approach boils down to the fact that digital assets will indeed become an important part of the global payment system, and if the company’s customers want to use crypto, then it needs to give them that opportunity.

Bitcoin investors

Also this week, Daryl Ho, senior vice president at DBS Bank in Singapore, said that cryptocurrencies are now an interesting opportunity for investors. All the same, they have sagged quite severely after reaching their own records, so their upside potential is at least theoretically greater than possible losses. You can read more about its position in a separate article.

Who invests in cryptocurrencies

Here is one of D’Agostino’s quotes in which the expert shares his attitude to what is happening. The quote is cited by Cointelegraph.

So for me – someone who has spent fifteen years trying to get various products to become mainstream – this is happening very quickly. So I can well understand those investors who feel uncomfortable with the rapid entry of companies into the digital asset market.

Bitcoin exchange rate chart over the past year

But there are also negatives – for example, some “complacency” by financial regulators in the US. In part, it has hurt the pace of adoption of the new industry. That said, D’Agostino believes that the fight between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over cryptocurrency regulation is a “positive factor”. The fact is that financial regulators would not compete like this for a field “that could disappear soon”.

The fact that cryptocurrencies are being used as a bargaining chip by regulatory heads, and that their public statements are being made to seize regulatory control, points to the importance of the cryptocurrency market as a separate self-sufficient entity.

Indeed, cryptocurrencies are being actively discussed by authorities in various countries, with some of them working to regulate the niche. Therefore, technically, this could be considered a recognition of the potential of digital assets and their future prospects in human activity.

Cryptocurrency enthusiasts

The US Securities and Exchange Commission may continue to “throw a wrench in the works” on the adoption of the first spot ETF for Bitcoin, but the event will eventually take place, an expert believes.

I think change will come. Despite the delay, the adoption of the ETF is inevitable. I can’t say exactly when it will happen. But it will definitely happen.


As a reminder, another rejection of an ETF application from investment company Grayscale was the cause of a legal battle between it and the SEC. The case has recently received a new twist, as Grayscale does not intend to depart from its goal of creating a new investment vehicle for clients. The company thus wants to protect its own users and at the same time provide them with a new working tool.

That said, a Bitcoin futures ETF already exists, and was also ignored until such an instrument was launched. Now it remains for the cryptocurrency community to achieve the creation of this instrument at the regular BTC spot price.


Office of MicroStrategy – the largest public company holding BTC


We believe that large investors are indeed taking a serious interest in digital assets. Another proof of this was Tesla's third quarter financial report. As it turns out, the company's management did not get rid of Bitcoin during this period of time, and now it has the equivalent of $218 million in BTC. That said, other buyers of the first cryptocurrency are also plentiful, with many of them continuing to hold a position despite its slump.


Public companies with Bitcoin in their portfolio

What do you think about it? Share your opinion in our Millionaire Crypto Chat. We’ll discuss other news from the decentralisation industry there as well.