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The post <a href="https://coinpedia.org/news/coinshares-ceo-if-youre-not-profitable-with-bitcoin-at-60000-when-will-you-be/">CoinShares CEO: ‘If You’re Not Profitable with Bitcoin at $60,000, When Will You Be?’</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Jean-Marie Mognetti, CEO of CoinShares, shared some thoughts on the state of the crypto industry, especially concerning Bitcoin.<a href="https://www.youtube.com/watch?v=tCKlxFceu7g"> In an interview with Thinking Crypto</a>, he pointed out that many crypto asset management companies have been funded heavily by venture capital, with a lot of cash being burned without much focus on profitability. He said that if a company isn’t profitable when Bitcoin is priced at $60,000, it’s hard to imagine when it will be. 
Mognetti explained that investors are growing tired of supporting businesses that aren’t turning a profit. Discussing the growth of the Bitcoin mining industry, Mognetti opened up about the massive changes since China banned mining, causing miners to move to other parts of the world.&nbsp; 
He compared the early, unsafe mining setups to the highly advanced facilities operated by companies like Marathon today. The industry has matured significantly, especially with traditional finance (TradFi) entering the scene through ETFs and other products. 
Mognetti also touched on the political landscape, noting the increasing involvement of U.S. politicians in crypto. He expressed concern that crypto should not become tied to any one political party, but instead remain a bipartisan issue. He predicts that U.S. crypto regulation will likely be introduced by 2025, potentially sooner if a Republican administration is in power. 
Discussing Bitcoin’s growing adoption, Mognetti explained how companies are starting to put Bitcoin on their balance sheets as a treasury reserve asset. With the rise of ETFs and discussions about Bitcoin as a reserve asset for the Federal Reserve, he sees Bitcoin as a “hyper-macro asset” with perfect characteristics for a balance sheet. 
He said that while the price of assets like real estate might seem to rise, it’s often the value of the dollar that’s falling, making Bitcoin an appealing store of value.

CoinShares CEO: ‘If You’re Not Profitable with Bitcoin at $60,000, When Will You Be?’

CoinPedia News

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