FTX CEO Sam Bankman-Fried Says He’s Optimistic About Crypto Markets Over the Next Few Years – Here’s Why
FTX CEO Sam Bankman-Fried is forecasting a powerful cryptocurrency market within the coming years for 2 major causes.
The multi-billionaire head of the crypto derivatives change believes innovation in using blockchain expertise may result in a stronger cryptocurrency market, in keeping with his remarks on the latest SALT New York convention.
“Blockchain has big, big use instances when it comes to monetary settlement, when it comes to funds, when it comes to on-chain social media, and a ton of different issues. It’s gonna take time for these to get to scale, however persons are engaged on it.”
Bankman-Fried says one more reason why he’s optimistic concerning the long-term prospects of the digital asset markets is the potential of regulatory readability to usher in a tidal wave of capital from institutional traders.
“Regulatory readability I feel is coming on this area. I feel that’s going to be big. I feel it’ll unlock the asset class for numerous establishments which have been in search of a technique to get in however have been kind of confused and nervous about doing it with out clear federal oversight. So, I feel each these issues are actually thrilling and you already know optimistic that they’re going to make for a a lot stronger market over the following few years.”
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