Bitcoin’s meteoric rise is attracting serious attention from institutional investors and financial heavyweights. In a recent discussion, Roundtable anchor, Rob Nelson, delved into this phenomenon with Sue Ennis, head of investor relations at Hut 8, Brad Tomm, head of ESG at Marathon Digital Holdings (MARA), and Gav Blaxberg, CEO of WOLF Financial. Their insights shed light on bitcoin’s growing acceptance and its potential impact on the financial landscape.
Nelson set the stage by highlighting the growing mainstream acceptance of bitcoin and its increasing institutional appeal. He pointed out the significant comments from prominent figures like Larry Fink, who is pushing an ETF through BlackRock, and Mark Cuban, who believes bitcoin’s value will exceed expectations.
Sue Ennis shared her experiences since entering the crypto space in late 2017. Ennis noted the transformation in how institutional players now engage with her, contrasting sharply with the past when her calls were often ignored. She emphasized bitcoin’s role as a “freedom tool,” particularly for individuals in countries with untrustworthy institutions or restrictive financial environments. Ennis also highlighted the involvement of traditional finance (TradFi) in adopting crypto, signifying bitcoin’s evolution into a tangible asset class.
Brad Tomm discussed the importance of sustainability in attracting institutional investors. He stressed that these investors are increasingly interested in ESG (Environmental, Social and Governance) strategies, pushing companies to provide transparent reporting and disclosures. Tomm’s team is actively working on communication strategies to meet these demands, ensuring that bitcoin can be included in ESG and energy transition funds.
Gav Blaxberg provided insights into bitcoin’s price projections. While Blaxberg remains cautiously optimistic, targeting around $82,500 by year-end using technical analysis, he acknowledged the potential for bitcoin to exceed $100,000. His approach combines industry trends with technical indicators, aiming to provide a balanced yet hopeful outlook.
Source:- yahoo.finance
