WisdomTree Predicts Retail May Experience Real Adoption in Current Cycle
We are three weeks from Christmas. WisdomTree’s Jason Guthrie questions if current momentum in the cryptocurrency market can sustain until year-end.
Guthrie notes that while the market feels reasonably healthy, there are fewer standout projects compared to previous cycles driven by innovations like NFTs or the influence of firms such as FTX. He suggests the current environment reflects a more diversified growth with a focus on practical use cases.
Memecoins have emerged as a dominant narrative, but their longevity is uncertain. Guthrie anticipates a more subdued retail enthusiasm this cycle, which could lead to healthier overall growth. He prefers a broad adoption model where many individuals engage in crypto meaningfully rather than a few high-net-worth investors making large investments.
This cycle may accommodate both casual retail investors interested in memecoins and those incorporating crypto into their portfolios as part of a risk-on strategy.