Seamus RoccaCEO of Xapo Bankcalled cryptocurrency banks to position Bitcoin BTC / USD As a viable alternative reserve currency to counter the instability of potential currency and capital controls on emerging markets.
What happened: In an interview with Benzinga, Rocca highlighted the unique attributes of Bitcoin, its decentralized structure, its finished supply and its blockchain transparency as criticism to protect investors from geopolitical and financial turbulence.
ROCCA argued that traditional security assets, such as American treasury bills, have lost their risk without risk due to a rapidly changing global financial order.
He underlined Bitcoin resilience, noting its faster recovery compared to traditional actions after recent slowdowns of the market triggered by global trade uncertainties, including the prices imposed by the Trump administration.
“In a world where the stock markets crashed, yes, the price of Bitcoin has dropped due to all the uncertainty that was there. But Bitcoin has rebounded faster than any of the actions,” said Rocca, highlighting its growing credibility as a reserve of value.
He also highlighted the potential of Bitcoin to serve as a cover against the devaluation of currencies and controls of restrictive capital, in particular on emerging markets where prices on tariffs could exacerbate economic volatility.
“In a world of enormous uncertainty, here is an asset which is not controlled by any government. Here is an asset which is completely decentralized, it is finished, and no one can print more,” said Rocca, pleading for a long -term vision of bitcoin as a reserve currency rather than a speculative asset.
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Why is it important: The XAPO bank, which started as a Bitcoin portfolio supplier in 2013, has turned into a fully regulated private bank based in Gibraltar, addressing high -clear individuals and long -term Bitcoin holders.
The bank offers a series of services, including police custody, borrowing against bitcoin, the generation of elements through conservative investment strategies and competitive negotiation options.
Unlike the exchanges of crypto focused on short -term trading, Xapo targets customers who prioritize the preservation of wealth on speculative gains.
Rocca noted that 25% of Xapo customers are over 50, reflecting a demography with a lower risk appetite that seeks stable and secure management of Bitcoin.
ROCCA warned that Bitcoin volatility and fragmented regulatory environments, in particular in the United States, pose challenges to its general adoption as reserve currency.
In the United States, state license requirements complicate operations for cryptographic banks, devoid of cohesion at the federal level seen in regions such as the European economic field.
“If I get a license in New York, why doesn’t that apply to all other states?” Asked Rocca, highlighting the need for rationalized regulations to promote innovation without stifling industry.
Despite these obstacles, Rocca remains optimistic about Bitcoin’s trajectory, predicting that it will allow its speculative reputation in the coming years.
He highlighted the role of Xapo in the offer of peace of mind thanks to solid security measures, noting the experience of the bank and the millions of people invested each year in the safeguard of customer assets.
This contrasts with the risk of self-care, where only one error could cause significant losses, especially since the Bitcoin value should increase.
Critics, however, argue that Bitcoin price oscillations and the lack of universal regulatory clarity could undermine its reliability as reserve currency, especially in emerging markets subject to economic shocks.
In addition, the integration of bitcoin into traditional banking systems remains complex, large institutions hesitating to fully adopt decentralized assets due to competitive dynamics and confidence problems.
Xapo’s strategy aligns with a broader trend of institutional interest in Bitcoin, stimulated by the success of Bitcoin ETF in companies like Blackrock Blk And Loyalty.
What is the next step: Rocca sees cryptographic banks like Xapo fill the gap between traditional finance and decentralized assets, offering services that appeal to customers who build generational wealth.
“My opinion is what we bet Xapo is that people will end up taking a long-term vision of bitcoin as reserve currency,” he said, strengthening the bank’s commitment to this vision.
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