Company CEO Speaks About Demand for Bitcoin: “People Want to Hold More Bitcoin, Not Less”

Blockchain Association CEO’su Kristin Smith, Bitcoin’e He shared his views on the increasing interest in the issue and the possible regulatory changes of the Trump administration.

Smith said there has been a noticeable shift in investor sentiment, saying, “People want to hold more Bitcoin, not less.” He attributed this trend to the growing awareness of Bitcoin as an asset, with both retail investors and institutions exploring its potential as part of their portfolios.

Smith noted that although Bitcoin is classified as a commodity and is largely unaffected by Securities and Exchange Commission (SEC) oversight, crypto para He noted that the lack of a clear regulatory framework for exchanges hinders wider adoption. “Institutions view Bitcoin as unregulated, which discourages participation,” he said. Smith stated that establishing a regulated market structure similar to traditional financial assets could attract more investors.

He also called for regulatory clarity on token classification and custody, saying exchanges and brokers should have a clear path for registration. According to Smith, this will not only promote market stability but also ensure transparency and trust.

Smith noted that the current political climate, which includes a pro-crypto Congress and a supportive administration, presents a unique opportunity. “These moments are rare,” Smith said, urging the crypto industry to seize the moment to push for comprehensive legislation and regulatory frameworks.

The Trump administration has nominated Paul Atkins, a known crypto advocate, to lead the SEC. The move is expected to mark a departure from the tougher regulatory approach of Gary Gensler, who served as SEC chairman during the Biden administration.

Smith pointed to the global trend of governments and institutions creating Bitcoin reserves, stating that he believes this move reflects growing confidence in the asset’s long-term potential. While acknowledging concerns that Bitcoin’s success could challenge the US dollar’s dominance, he argued that stablecoins backed by US Treasuries are more directly tied to maintaining the dollar’s strength globally.

Despite the fluctuations in Bitcoin’s price, Smith expressed optimism, noting that the asset has become mainstream in a fairly short period of time. Smith predicts demand will continue to grow as financial advisors increasingly recommend Bitcoin as part of their retirement portfolios.

“Bitcoin has become something that institutions cannot ignore,” Smith said. “It’s a one-way street, and over time more and more people will see the value in holding Bitcoin.”

*This is not investment advice.