BlackRock’s pending bitcoin ETF could bring a surge of capital to crypto, catalyzing mainstream adoption and lifting the bitcoin price.

Are we teetering on the brink of a watershed moment in mainstream cryptocurrency acceptance?

To evaluate, Roundtable anchor Rob Nelson hosted a discussion with the team from Trade The Chain, a real-time trading opportunity platform that informs users about market sentiment and other metrics to inform crypto investment. In its discussion the group focused on the trajectory of digital currencies, particularly bitcoin and ethereum. The narrative that unfolded painted a vivid picture of the current state and future prospects of this revolutionary financial landscape.

Nelson set the stage by comparing the potential shift happening in financial markets to a dam on the verge of bursting, releasing a tidal wave of widespread endorsement. This analogy prompted reflections on the speed and magnitude of such anticipated changes.

Stepping into the conversation, Alex Mascioli, founder of Trade The Chain, shared his view on this impending shift. Conjuring memories of witnessing the historic fall of the Berlin Wall, he drew parallels to the rising tide of support for cryptocurrency amid regulatory challenges. The recent U.S. Securities and Exchange Commission (SEC) action against Coinbase stood out as a key inflection point. Mascioli highlighted how it may have been a misstep by the regulators, given the resilient and growing support for digital currencies.

“There’s a lot of power on this side of the fence, and I think it is going to tumble over,” he mused.

Nick Mancini, director of research at Trade The Chain, provided a fresh and younger viewpoint. To him, bitcoin and ethereum aren’t just digital assets; they’re the gold and silver of our era. Mancini underscored bitcoin’s role as a coveted store of value, with ethereum laying the groundwork for the future of finance. He even touched upon established banks like Deutsche Bank dabbling in Ethereum-based innovations. Yet, he cautioned against excessive optimism, pointing to potential roadblocks from the current U.S. administration.

https://www.thestreet.com/cryptocurrency/markets/blackrock-9-4-trillion-in-assets-can-catalyze-the-crypto-market-with-a-bitcoin-etf