Joe Moglia, former CEO of TD Ameritrade, projected that Bitcoin (BTC) is primed for substantial growth, reinforcing its position as a vital asset in the global financial landscape.

Moglia made the statement during a CNBC interview on Nov. 14, where he highlighted a fundamental shift in institutional attitudes toward digital assets as regulatory conditions evolve under President Donald Trump’s administration.

Moglia emphasized Bitcoin’s journey from skepticism to a permanent role in finance, stating:

“Bitcoin is legitimately here to stay. I think it’s going to have significant growth ahead of it.”

Pro-business policies

He attributed part of Bitcoin’s increasing mainstream acceptance to a shift in US policy that has promoted pro-business reforms and embraced innovation in crypto.

These include Trump’s vocal support for the industry and lawmakers’ plans to establish a US strategic Bitcoin reserve, which aims to integrate digital assets within the national financial strategy.

Moglia noted that Trump’s administration has fostered a favorable climate for crypto by cutting regulations and corporate taxes, offering an environment where assets like Bitcoin can thrive.

This pro-business stance has opened doors for institutional investment in digital assets, allowing major players to enter a market they once viewed with hesitation.

He explained:

“The regulatory landscape now enables a level of participation from asset managers and large financial firms who were previously concerned about oversight.”

He sees this policy shift as pivotal, potentially accelerating Bitcoin’s integration into mainstream finance.

Bitcoin’s staying power

Moglia said that Wall Street’s evolving stance on Bitcoin is perhaps one of the clearest signals of its staying power. Once dismissed by leading financial figures, Bitcoin has since garnered serious attention from top institutions.

JPMorgan Chase, pr

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Author: Assad Jafri