On Friday, Michael Bressler and Benoit Bosc, co-founders of x2B, appeared on CNBC’s “Closing Bell Overtime” to discuss Bitcoin’s historic rally and the launch of their new crypto advisory firm.
Bressler attributed Bitcoin’s surge past $99,000 to a confluence of events, including regulatory shifts, the election outcome, and the growing adoption of Bitcoin ETFs. He noted the symbolic nature of the milestone and predicted that conversations about a $1 million Bitcoin price would emerge in the near future. Reflecting on Bitcoin’s journey from $1,000 to $10,000 and now nearly $100,000, he highlighted how rapidly the cryptocurrency space is advancing.
Bosc emphasized the intersection of technology and finance as a driving force behind crypto’s mainstream acceptance. He explained that x2B aims to support crypto founders by bridging the gap between technological innovation and financial expertise. He noted that the industry is transitioning into a phase of broader retail adoption, with stablecoins, meme coins, and prediction markets gaining traction. According to Bosc, the next wave of crypto applications, such as gaming, will abstract blockchain technology, making it seamlessly integrated and nearly invisible to users.
The discussion also touched on the risks and opportunities in the crypto market. Bressler likened the current state of the sector to the early days of the internet, with new projects and tokens emerging rapidly. However, he expressed optimism about the incoming administration’s crypto-friendly stance, suggesting it could bring clearer regulations and a structured roadmap. Bressler underscored x2B’s mission to infuse professionalism and lessons from traditional finance to ensure sustainable growth in the crypto space.
Addressing past challenges in the sector, including the fallout from events in 2022 and 2023, Bosc remarked that the industry has learned valuable lessons. He highlighted the importance of education and the role of platforms like Coinbase and Kraken in providing safer options for retail investors. For those seeking more control, he acknowledged the complexities of self-custody solutions but stressed the industry’s responsibility to make these tools more accessible and secure.
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