According to Cointelegraph, executives from major cryptocurrency firms Messari and Sygnum are optimistic about the institutional adoption of Bitcoin later in 2025, despite the current market challenges posed by U.S. trade tariffs. During a panel discussion at Paris Blockchain Week on April 8, Messari CEO Eric Turner and Sygnum Bank co-founder Thomas Eichenberger expressed their expectations for a significant shift in the banking sector's involvement with cryptocurrency in the latter half of the year.
The executives highlighted the potential for global banks to expand their Bitcoin (BTC) services as regulators increasingly embrace crypto, including stablecoins and other crypto services offered by banks. Turner noted that while the second quarter might be subdued, he anticipates exciting developments in the third and fourth quarters of 2025. He emphasized that the broader regulatory momentum, rather than solely the pro-crypto stance of U.S. President Donald Trump, is crucial for crypto adoption. Turner pointed out the importance of market structure regulation, stablecoin regulation, and the overall acceptance of crypto by regulatory bodies like the SEC.
Eichenberger added that international banks with U.S. branches are preparing to enter the crypto market as the legal landscape becomes clearer. He mentioned that U.S. banks are gearing up to offer crypto custody and spot trading services soon. Eichenberger agreed with Turner, predicting continued market uncertainty until the U.S. establishes a clear regulatory framework. He noted that with the establishment of clear crypto rules for banks in the U.S., large international banks with a U.S. presence will likely rush to offer crypto services. Eichenberger explained that some banks had been hesitant due to fears of regulatory backlash but now see no reason to fear regulatory authorities worldwide, paving the way for many large international banks to launch crypto services this year.