Tom Essaye Interviewed: Bitcoin Still Speculative but Poised for Long-Term Gains
Institutional adoption and policy push could fuel higher prices
Is it time to view bitcoin as a stock?
John Campbell of Allspring Global Investments and Sevens Report founder Tom Essaye discussed bitcoin’s evolving role in markets, with Essaye noting that while the cryptocurrency remains somewhat speculative in the short term, institutional adoption is accelerating.
Essaye highlighted growing integration of bitcoin into traditional finance and banking, alongside policy support from the administration, as bullish long-term drivers. “Is it short-term a little frothy? Sure,” he said, “but longer term there are some fundamental changes here that I think will send it much higher.”
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