{"id":4059,"date":"2026-06-20T17:01:21","date_gmt":"2026-06-20T17:01:21","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/bitcoin-as-revolutionary-as-smartphone-according-to-coindesk\/"},"modified":"2026-06-20T17:01:21","modified_gmt":"2026-06-20T17:01:21","slug":"bitcoin-as-revolutionary-as-smartphone-according-to-coindesk","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/bitcoin-as-revolutionary-as-smartphone-according-to-coindesk\/","title":{"rendered":"Bitcoin as revolutionary as smartphone, according to CoinDesk"},"content":{"rendered":"\n<div id=\"SpecialReportArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"SpecialReportArticle-articleBody-6-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108322157\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108322157\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000416079\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>CoinDesk&#8217;s president of indices and data has a message for investors: Don&#8217;t count out bitcoin.<\/p>\n<p>&#8220;When I got my first smartphone, which is a great example of a disruptive technology that has been incorporated into my life, I didn&#8217;t get the smartphone and say, &#8216;This thing is garbage because I can&#8217;t get a taxi in front of my home whenever I want it.&#8217; I was very excited that I didn&#8217;t have to carry an MP3 player and my cellphone at the same time,&#8221; David LaValle told CNBC&#8217;s &#8220;ETF Edge&#8221; on Monday.<\/p>\n<p>LaValle&#8217;s call comes during a rough time for <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-2\">bitcoin.<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> The cryptocurrency is off almost 2% over the shortened holiday week. Plus, bitcoin is down almost 50% since its all-time high of $126,279 hit on Oct. 6, 2025, as of Thursday&#8217;s close.<\/p>\n<p>Bitcoin crossed over the key level of $65,000 on Monday, but by Thursday it dipped back into the $63,000 range.<\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><title>Stock Chart Icon<\/title><desc>Stock chart icon<\/desc><g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><\/g><\/svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" class=\"Collapsible-dismissButton\" alt=\"hide content\"\/><\/div>\n<\/div>\n<p><iframe title=\"Bitcoin performance\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=BTC.CM%3D&amp;range=1Y&amp;type=mountain&amp;embedded=true&amp;$DEVICE$=undefined\" height=\"460\" scrolling=\"no\" loading=\"lazy\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>Bitcoin performance<\/p>\n<\/div>\n<div class=\"group\">\n<p>Despite the losses, LaValle thinks the downturn, which is often referred to as a &#8220;crypto winter,&#8221; won&#8217;t permanently discourage institutional and retail investors from boosting exposure to the asset.<\/p>\n<p>&#8220;As it pertains to the future of the digital asset, a lot has transpired, and there have been downdrafts over the past eight years,&#8221; he said. &#8220;Unlike previous crypto winters, this is like, &#8216;Hey, when do I get back in as opposed to whether or not there&#8217;s a future.&#8217; We look at this as a point of credibility.&#8221;<\/p>\n<p>TMX VettaFi&#8217;s head of research and editorial, Todd Rosenbluth, sees a promising trend among bitcoin ETF investors. He finds they&#8217;re largely holding onto them despite the ongoing market uncertainty, which is a sign of optimism.<\/p>\n<p>The iShares Bitcoin Trust ETF (IBIT) &#8220;actually just crossed into the net outflows, despite bitcoin itself having been down for much of the year,&#8221; Rosenbluth said in the same interview. &#8220;So, people were still holding on, and in fact buying IBIT through the initial downdraft. That&#8217;s encouraging to me that people were holding on.&#8221;<\/p>\n<p>He pointed to a VettaFi survey of 104 financial advisors in early May. According to Rosenbluth, it revealed where the firm&#8217;s clients stand on digital assets. It showed almost half of them were watching the stock from the sidelines while just 22% were actively investing or building.<\/p>\n<p>&#8220;A [crypto] pullback has created a buying opportunity for some people. Others, it might reinforce that they don&#8217;t want to be near it when something sells off too strongly,&#8221; Rosenbluth said. &#8220;But I do think we&#8217;re going to see continued evolution of the demand.&#8221;<\/p>\n<p>Meanwhile, the losses have been impacting some of the largest bitcoin ETFs, which includes the <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-4\">iShares Bitcoin Trust ETF<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-5\">Grayscale Bitcoin Trust ETF (GBTC).<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> They&#8217;ve fallen 40% over the past 52 weeks.<\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"SpecialReportArticle-GooglePreferredSource-6\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CoinDesk&#8217;s president of indices and data has a message for investors: Don&#8217;t count out bitcoin. &#8220;When I got my first smartphone, which is a great example of a disruptive technology that has been incorporated into my life, I didn&#8217;t get the smartphone and say, &#8216;This thing is garbage because I can&#8217;t get a taxi in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[321,3595,3594,1824],"class_list":["post-4059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-bitcoin","tag-coindesk","tag-revolutionary","tag-smartphone"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/4059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=4059"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/4059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/4060"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=4059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=4059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=4059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}