As the cryptocurrency ecosystem develops further, analysts are offering their insights on potential catalysts for the next market upswing. Rob Nelson, host of the Roundtable, was joined in a recent conversation by Aaron Arnold, host of Altcoin Daily, Jon Najarian, co-founder of Market Rebellion, and David Duong, head of institutional research at Coinbase. The discussion included attractive assets in the market, the possibilities of non-ethereum blockchains, and the impact of political positions on bitcoin.
Rob Nelson asked about the excitement around different blockchains and the expected rise in cryptocurrency to start the conversation. David Duong pointed out that despite the FTX crash, there is renewed interest in Layer 1 and alternative Layer 1 (ALT L1) blockchains. He cited Solana’s notable technological improvements. Though bitcoin and ethereum are the major assets for institutional investors, Duong stressed that ethereum still holds a leading position in decentralized finance (DeFi).
Duong said that the latest ETF launches were a significant step forward and that they would draw large inflows from institutions. According to him, Bitcoin and ETH remain the most important tokens to keep an eye on, and conventional financial research keeps concentrating on these two assets. According to him, price performance may soon be driven by the creation of a broad ETF that includes both bitcoin and ethereum.
The emphasis was moved by Jon Najarian to central bank digital currencies (CBDCs) and how they might affect bitcoin. He made the observation that the value of bitcoin might increase due to the previous president Trump’s adamant opposition to CBDCs and the digital dollar. Najarian said, “Trump’s stance against CBDCs could be lifting bitcoin,” implying that the political climate has a big impact on the cryptocurrency markets.
When asked to recommend investments, Najarian said he preferred Coinbase and praised its reliability and efficiency. He emphasized that his suggestion was based on the exchange’s stability rather than risk, saying that he supports Coinbase since it is publicly traded and has been a wise pick for investors.
Aaron Arnold gave some useful information about lower-cap cryptos that might last. Among the assets having actual utility and institutional ties he listed were Solana, Chainlink, Injective, Sui, and Ondo Finance. Arnold stated, “We’re bullish on a variety of aspects in the space, from tokenization to L2s and gaming,” highlighting the wide range of prospects in the cryptocurrency economy.
