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Stock impact report

Bitcoin 'Not Digital Gold,' Says WisdomTree CEO, Sees Crypto Winter Opportunity [Yahoo! Finance]

WisdomTree, Inc. (WT) 
Company Research Source: Yahoo! Finance
Key Takeaways WisdomTree CEO Jonathan Steinberg rejected the “digital gold” narrative. Steinberg said the current market downturn offers investors a chance to enter Bitcoin. Institutional flows signal growing confidence. WisdomTree CEO Jonathan Steinberg said on Tuesday that Bitcoin should not be viewed as “digital gold,” adding that a recent downturn in crypto markets could present buying opportunities for investors, as the asset class continues to mature. A Bitcoin Opportunity, But No Gold Speaking at the DC Blockchain Summit on Tuesday, Steinberg said Bitcoin now offers “a very, incredibly well constructed exposure,” while describing the current “crypto winter” as a period that “does give an opportunity for a lot of people to allocate.” He pushed back on comparisons between Bitcoin and Gold, noting that tokenized versions of fully backed gold already exist on blockchain networks. “You call Bitcoin digital gold? No, it's not digital gold,” he said. Steinberg said Show less Read more
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