Key facts
- CoinRoutes CEO Dave Weisberger believes the full impact of Bitcoin FOMO is yet to be seen.
- Weisberger suggests that removing Bitcoin's 100% bank collateral haircut would be a more significant catalyst for institutional adoption than Bitcoin ETFs or MicroStrategy's holdings.
Dave Weisberger, the CEO of CoinRoutes, has stated that the widespread fear of missing out (FOMO) on Bitcoin has not yet begun. He posits that the true catalyst for significant institutional investment in Bitcoin will not be the approval of Bitcoin ETFs or the substantial holdings of companies like MicroStrategy. Instead, Weisberger believes that the removal of the 100% bank collateral haircut for Bitcoin will be a more impactful development for institutions looking to engage with the cryptocurrency.