Joe Moglia, former CEO of TD Ameritrade, predicted that Bitcoin (BTC) is poised for substantial growth, cementing its position as a vital asset in the global financial landscape.
Moglia made the statement during a CNBC interview on November 14, where he highlighted a fundamental shift in institutional attitudes toward digital assets as regulatory conditions evolve under President Donald Trump’s administration.
Moglia highlighted Bitcoin’s journey from skepticism to a permanent role in the financial world, stating:
“Bitcoin is rightly here to stay. I think there is significant growth ahead.”
Pro-business policies
He attributed some of Bitcoin’s increasing adoption to a shift in U.S. 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 into the national financial strategy.
Moglia noted that the Trump administration has fostered a favorable environment for crypto by lowering regulations and corporate taxes, creating an environment in which 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 that previously worried about oversight.”
He sees this policy change as crucial, potentially accelerating Bitcoin’s integration into the mainstream financial sector.
Bitcoin’s staying power
Moglia said Wall Street’s changing attitude toward Bitcoin may be one of the clearest signals of its staying power. Once dismissed by leading financial figures, Bitcoin has since received serious attention from top institutions.
JPMorgan Chase, previously one of Bitcoin’s critics, is now exploring digital asset services, signaling a notable shift in attitude. According to Moglia:
“This is a paradigm shift.”
He further emphasized that the traditional financial sector is gradually embracing Bitcoin as a viable, sustainable asset class.
Moglia’s optimistic perspective reflects broader market sentiment, as industry leaders and investors increasingly recognize Bitcoin as a legitimate and strategic part of the modern financial system.