As a result of changing the policy of the United States, the cryptographic panorama is experiencing a fundamental change, from speculative bets of rapid movement to long -term anchored investments, said the Bitpanda CEO, Eric Demuth, during a conversation by the fire in the Hong Kong consensus on Wednesday.
Demuth said that the 2024 bull career was not a repetition of the 2021 cycle fed by retail trade. Instead, he was being driven by what he calls “sticky money,” institutional capital that is less volatile and more committed.
Bitpanda, based in Vienna, is one of the largest encryption exchanges in Europe with more than 6 million users and offers previous actions and metals, in addition to digital assets. The platform recently obtained the regulatory approval of the Financial Behavior Authority (FCA) in the United Kingdom.
Speaking about the impact of US policies under the Trump administration, Demuth argued that the aggressive hug of the cryptography government is forcing global markets to adapt. “The Trump administration is forcing everyone to do this, it is no longer an option, […] It is mandatory. “
A clear sign of this change is the rise in Bitcoin ETFs, which have shot for almost $ 58 billion in assets under administration in just one year of negotiation. Demuth believes that these vehicles indicate a maturation market, where the main actors are enclosing in long -term capital, instead of pursuing fast profits.
While Altcoins has not captured the same adoption rate as Bitcoin, Demuth believes that it will change once the US regulation evolves and alternative ETFs obtains approval.
He also believes that US banks will be the next wave of adopters.
“[Crypto] It has become one of the pillars of American economic and financial policy, so it has the greatest financial power in the world. [crypto] In the center of attention, which means that all banks now have to investigate or even offer something, ”he said.
He predicts an increase in Stablecoin emissions directly from US banks and an increase in tokenized assets, from government bonds to real estate.
In Europe, Bitpanda continues to focus on navigating the complex regulatory landscape of the continent, maintaining multiple licenses and positioning itself as a key player in a fragmented market. Demuth said that the potential for new customers in Europe is large enough for the company to remain focused on its expansion in that region.
However, the company is expanding its B2B services, he said, licenseing its cryptographic infrastructure to banks in the Middle East and Europe. The main financial institutions, including the Deutsche Bank of Germany and the largest banking group in France, are already taking advantage of bitpanda backend systems.
