FTX CEO Sam Bankman-Fried is forecasting a strong cryptocurrency market in the coming years for two main reasons.
The multi-billionaire head of the crypto derivatives exchange believes innovation in the use of blockchain technology could lead to a stronger cryptocurrency market, according to his remarks at the recent SALT New York conference.
[adinserter block="1"]“Blockchain has huge, huge use cases in terms of financial settlement, in terms of payments, in terms of on-chain social media, and a ton of other things. It’s gonna take time for those to get to scale, but people are working on it.”
Bankman-Fried says another reason why he’s optimistic about the long-term prospects of the digital asset markets is the potential of regulatory clarity to bring in a tidal wave of capital from institutional investors.
“Regulatory clarity I think is coming in this space. I think that’s going to be huge. I think it is going to unlock the asset class for a number of institutions that have been looking for a way to get in but have been sort of confused and nervous about doing it without clear federal oversight. So, I think both those things are really exciting and you know optimistic that they’re going to make for a much stronger market over the next few years.”
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