Bitstamp CEO: Cryptocurrency will strengthen and gain global recognition this year

ChainCatcher news, according to Crowdfund Insider, Bitstamp CEO Jean-Baptiste Graftieaux stated that 2024 will be a transformative year for the digital asset space, as the exchange was acquired by Robinhood last year for $200 million.

Jean-Baptiste Graftieaux predicts that by 2025, cryptocurrencies will strengthen, gain global recognition, and the fundamentals of the industry will remain robust. He explained, "The incoming U.S. government has a positive stance on cryptocurrencies, coupled with the anticipated macroeconomic improvements, which could drive up the value of digital assets while maintaining their appeal as an inflation hedge. ETFs in 2024 will change the game, making it easier for both retail and institutional investors to invest in cryptocurrencies. Supported by new regulations in the U.S. and the introduction of Europe’s MiCA aimed at enhancing market transparency, this trend may continue."