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- A Coinbase Executive expresses his thoughts over the crypto market.
- The executive said over crypto market structure including crypto institutions and regulatories as well.
In a recent interview with SALT Talks, a series of digital interviews, on October 18, 2022, a Senior Advisor at Coinbase, John D’Agostino talks about his journey into the crypto space and the crypto market outlook. He further discusses the recent partnership of Coinbase with BlackRock and Google. In continuation with, D’Agostino examines the state of retail and institutional adoption, and about the future of crypto regulation.
Market Cycles and Digital Assets with John D’Agostino
John D’Agostino supervises strategic partnership for the business. He said that institutional adoption of crypto assets is “moving very-very fast,” as he told “So for me, for someone who spent 15 years trying to get commodities to be mainstream, it’s actually moving fast. But I do understand why somebody in the heat of the moment feels it’s glacial. But for institutions I think it’s moving very, very fast.”
He thinks the new asset classes frequently take time to grow, as “institutional inertia is a very real thing,” and additionally “there’s a lot of switching costs associated with adding new assets.” On the contrary, it is not the case with crypto.
D’Agostino moreover added in the conversation that “The fact that crypto is being used as a bargaining chip by the heads of regulatory agencies not just in the US but around the world… is an indication that this is a vitally important piece of market structure.”
He further pointed out that “We as a [crypto] industry have to do better at explaining why it is we believe this revolution is happening, instead of just getting angry at people for not agreeing with us.”
Also, he added about the crypto institutions and crypto regulations as “I think we need to stand behind institutions like coinbase and FTX_Official, that are leading the way and making themselves the punching bags to get [crypto] to that level of regulatory, government, institutional and retail acceptance.”
D’Agostino’s long-term crypto vision is crystal-clear as he added “Constructive bubbles… leave behind core essential infrastructure upon which the next revolution is built.”
Over the Exchange-Traded Fund (ETF), D’Agostino anticipates more favorable regulations in the future that may include the approval of Bitcon (BTC) exchange traded spot funds as he added “I think that’s going to change. Despite the delay, an ETF is inevitable. I can’t tell you when it’s going to happen. But I know at some point it’s going to happen.”
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