The post Retail could undergo ‘real adoption’ this cycle: WisdomTree appeared on BitcoinEthereumNews.com.

This is a segment from the Empire newsletter. To read full editions, subscribe. We’re three weeks out from Christmas. As David pointed out in today’s Empire newsletter, we’re in an interesting spot, which leads WisdomTree’s Jason Guthrie to wonder if there’s enough momentum to last till the end of the year.  I personally don’t have a crystal ball, so that’s a little hard to work out as it stands. If you were on an early Thanksgiving break last week, then you may have missed the price levels to watch with bitcoin, but that’s about as far as we can go in trying to predict what’s next.  So instead, what about how we’re looking at this moment? “The space, to me right now, does feel reasonably healthy,” Guthrie said.  “​​There aren’t a lot of individual projects or companies that seem to be bolstering or driving this in a very meaningful way. And I think that’s very distinctly different from previous cycles where there was a hyped-up innovation, whether it was NFTs or memecoins or something like that, or one big firm like FTX that really seemed to be kind of dominating the narrative … that feels a little shakier than what we’ve got now, which just seemed like a more diversified groundswell, if you like, through the space more generally. People are building innovative things we don’t have … it seems much more use case focused,” he added.  Though, to be fair, at this point it does seem like memecoins are one of the dominant narratives. How long that lasts is anyone’s game, especially given they’re seen as a pathway in for retail.  Guthrie’s not sure we’re going to see the same level of retail excitement this cycle as we saw last go around, leading him to think that we might…

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Filed under: News - @ December 2, 2024 4:25 pm