The CEO of Wisdomtree listed 3 reasons why Bitcoin will soon see mass adoption.

In a recent interview with CNBC, Wisdomtree CEO Jonathan Steinberg shared his hopes for the future of Bitcoin and cryptocurrencies, predicting their major adoption in the next few years.

Steinberg cited regulatory transparency, the emergence of publicly traded crypto funds, and the tokenization of real-world assets (RWAs) as key drivers of this trend.

Regulatory transparency

During a July 29 interview, Steinberg addressed the impact of former President Donald J. Trump's speech at the Bitcoin 2024 conference on July 27. According to Steinberg, Trump's promise of regulatory transparency for crypto and digital assets is an important moment for the industry.

“Trump couldn't have been more vocal about what he's doing with crypto and Bitcoin as an asset class,” Steinberg said. “Regulatory transparency for crypto and digital assets is promising. I think that will have a positive impact not only on crypto, which is really half the story, but also on blockchain-enabled finance.

Steinberg said it was the best-performing bitcoin on record in the past 15 years. He pointed out that BTC's performance and growing regulatory framework will further fuel adoption.

The CEO emphasized that Bitcoin has managed to raise more than a trillion dollars despite having no employees and no significant institutional buying. He stated that the crypto market as an asset class is over 2 trillion dollars and expressed his belief that BTC is going to be the main one and will continue to do so in the coming years.

Drawing parallels with technological advances, Steinberg described bitcoin as a natural evolution of money. Just as smartphones have replaced landlines, digital assets are predicted to eventually become the dominant form of transaction.

Real-world assets and the future of tokenization

Steinberg noted that the narrative around crypto is expanding beyond mainstream assets like Bitcoin and Ethereum to include a wider range of real-world assets.

“Crypto is an asset class, and then there's this broader tokenization of all real-world assets. We see it all coming together,” Steinberg explained.

He pointed out that traditional financial institutions are entering the RWA market, citing examples such as BlackRock's BUIDL and Franklin Templeton's FOBXX.

According to Eterscan, BlackRock BUIDL, which launched four months ago, currently holds more than $500 million worth of tokenized treasuries. Goldman Sachs is set to launch three new token products for institutional clients later this year.

According to a McKinsey & Company report, the RWAs market is expected to reach $2 trillion by 2030. However, the firm highlighted the “cold start” problem with limited liquidity and transaction volume.