Jan 23, 2024

Ophelia Snyder, co-founder and President at 21Shares, answers five rapid fire questions from CoinDesk TV ranging from her bitcoin price prediction for 2024 to common misconceptions about the digital asset market.

Video transcript

Are we in a crypt market just yet? Yes. What are you most looking forward to for the crypto sector this year? This is the year where who there's been this call of the institutions are coming forever. I think this is the year where that's finally actually changing. Um People underestimate how much the overhang of regulatory uncertainty specifically on Bitcoin affected global behavior, not just local us behavior. Obviously, that was considered as a risk factor. I think that shift is going to actually make it far easier for institutions to become involved in the space. What potential hurdles could crypto face in 2024? Same thing. I think if you look at crypto as an industry, I don't know that we're ready for that. Actually, I think it's going to change the way a lot of market participants feed the space. It's going to change the way these products trade, it's going to change the expectation of service providers. So you know, what is a competitive spread here? What is competitive trading? How much are you really paying for trading fees? I think a lot of those conversations are starting. Um And I think it's going to change for the better uh market structure in this industry. But I think it may be a little painful in the short term, any Bitcoin price prediction for the uh hopefully a new all time high. Wait, I'm going to go back on that. You can't say hopefully you have to make a prediction. OK. Um All right, I'll do it new, new all time high this year. What do you think is one of the most common misconceptions about the digital asset market that it is a disorganized meme trading, uh group that doesn't have a real vision for the future and I don't think any of that's true.

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