Grayscale’s Zach Pandl is seeing more crypto interest from pension and endowment fund managers, who largely ignored the industry over the last decade.
While the crypto industry scored “two big victories” with spot crypto exchange-traded funds and Republican Donald Trump’s US election win last year, 2025 would likely see a large number of “smaller victories,” according to a Grayscale executive.
“This year, I’m expecting dozens of smaller victories for the industry,” Grayscale managing director of research Zach Pandl said at a recent webinar, citing more institutional adoption, more comprehensive legislation from Congress and the potential for Bitcoin (BTC) to become a US reserve asset.
Pandl also said it isn’t “totally crazy” to think Bitcoin could reach $500,000 by 2030, when asked by Digital Assets Council of Financial Professionals founder Ric Edelman in a Jan. 15 interview.
