During an interview with Matthew McDermott, head of one of the world’s top investment banks, the host discusses the rise of cryptocurrency, specifically Bitcoin, which has surpassed $100,000. McDermott believes that the appetite for crypto will continue to grow in the coming years, especially as more institutions get involved. He mentions that the first crypto cycle was driven by retail investors, but now there is more regulation globally, which has increased confidence among institutions. McDermott also talks about the potential for major multinational companies to put Bitcoin on their balance sheets.
Looking ahead to 2025, McDermott predicts a continuation of the current trend, with more products like ETFs and derivatives being introduced to meet the growing demand for cryptocurrency investments. He emphasizes the importance of leveraging holdings and evolving the product suite to accommodate both retail and institutional investors. Additionally, McDermott discusses the significance of tokenization in the digital asset market, highlighting its role in creating a more efficient and liquid market.
