Bitpanda CEO Claims U.S. Crypto Policy Forces Global Adoption of Digital Assets
Bitpanda CEO Eric Demuth highlighted significant changes in the crypto market during a discussion at Consensus Hong Kong. Key points include:
- The shift from speculative investments to long-term, anchored investments due to changing U.S. policies.
- The current bull run is fueled by "sticky money," representing committed institutional capital rather than retail speculation.
- Bitpanda, a major European crypto exchange, has over 6 million users and recently secured regulatory approval from the UK’s Financial Conduct Authority (FCA).
- U.S. policies under the Trump administration are compelling global markets to adapt to cryptocurrency.
- Interest in Bitcoin ETFs has surged, reaching nearly $58 billion in assets under management, indicating a maturing market.
- Demuth anticipates increased adoption of altcoins as U.S. regulations evolve and more crypto ETFs gain approval.
- U.S. banks are expected to become major adopters of crypto services, leading to more stablecoin issuances and tokenized assets.
- In Europe, Bitpanda aims to expand its presence while navigating complex regulations, focusing on B2B services for banks in Europe and the Middle East.
- Institutions like Deutsche Bank and France's largest banking group are already utilizing Bitpanda's infrastructure.