Don't miss out - BYDFi new user bonus is now LIVE! Join BYDFi & unlock up to $2,000 in rewards. Claim Bonus! 🎁
Key Takeaways
Don't miss out - BYDFi new user bonus is now LIVE! Join BYDFi & unlock up to $2,000 in rewards. Claim Bonus! 🎁
Although Bitcoin
In an interview on CNBC’s Fast Money on October 8, Jiang explained that the perception of being "too late" to join the crypto market does not reflect the current reality.
Jiang pointed to a recent Bank of America survey showing that over 60% of investors still have no involvement with digital assets.
Did you know?
Subscribe - We publish new crypto explainer videos every week!
What is Blockchain? (Animated Examples + Explanation)
He noted, "That’s quite a lot. And so the idea that digital assets, it’s too late in the game, isn’t true if most people don’t own it".
He explained that while Bitcoin has gained greater recognition over the past few years, the cryptocurrency market is only now starting to receive more attention. Platforms like Ethereum
He also spoke about how recent policy discussions and legislative developments may help expand the use and acceptance of these platforms. Jiang said:
The next step. And really what Congress legislation is really enabling is for the rest of the digital assets to really have their place. Ethereum, Solana.
Additionally, the demand for Bitcoin exchange-traded funds (ETFs) has brought more traditional investors into the industry. Jiang pointed out that many long-time holders are taking profits while new investors are stepping in.
Recently, analysts predicted Bitcoin’s growth after it reached a new all-time high. What did they say? Read the full story.
To ensure the highest level of accuracy & most up-to-date information, BitDegree.org is regularly audited & fact-checked by following strict editorial guidelines & review methodology.
Carefully selected industry experts contribute their real-life experience & expertise to BitDegree's content. Our extensive Web3 Expert Network is compiled of professionals from leading companies, research organizations and academia.