THELOGICALINDIAN - Adena Friedman is President and CEO of Nasdaq Speaking advanced of Davos World Economic Forum which focuses on Globalization 40 this year she makes some absorbing predictions Cryptocurrencies she says could still be a all-around bill of the future
Nasdaq CEO Bullish on Cryptocurrencies
As we comedy a bold of “tug of war” amid cryptocurrency and regulators, institutional investors are befitting an accessible eye. Delayed decisions by the SEC on aloof about aggregate from the cachet of ICOs to Bitcoin ETFs hasn’t aided progress.
As we move into 2024 and the US government abeyance paralyzes the SEC alike further, it’s acceptable that added key projects will be delayed. However, admitting the apathetic alpha to the year and oversold bazaar conditions, the Nasdaq CEO is still bullish on bitcoin.
Crypto Could Still Be a Global Currency of the Future
As Nasdaq’s cardinal 1 was advancing to arch to Davos, she fabricated several key predictions. Beyond added unicorn IPOs on the horizon, and AI advancing into its own, she paid accurate accolade to cryptocurrencies.
10 years afterwards the antecedent apparatus of Bitcoin, cryptocurrency as a accomplished has gone through its aboriginal appearance of archetypal apparatus lifecycle. This is apparent by the aboriginal pioneers, the ascendance advertising as it alcove the masses, a fasten of onboarding, and again “a dosage of reality.”
What comes next, she argues, will ascertain the way advanced for crypto. It will either acquisition a applied account and braid into the actual bolt of our economy–or it won’t. It will abort to accomplish accumulation acceptance due to its bound applications.
Millions of Investors Prove the Genius of Bitcoin
Either way says Friedman, the bulk of advance caked into crypto from some of the best adult all-around investors, demonstrates:
Nasdaq is agreement its acceptance in crypto. However, Friedman cites the missing capacity (while somewhat at allowance with a decentralized and apolitical all-around currency), are currently bright adjustment and governance.
She argues that investors abide at the gates due to a abridgement of blank and regulation. But the apprehension of change are in the air.
This year may not be an accessible one for crypto and it will be addition “proving ground” for the industry. The Petrie bowl of analysis continues.
However, with the world’s key economists accumulation cryptocurrencies into their dialog, and the second-largest banal barter abaft it, crypto is award its place. And the Nasdaq CEO believes that agenda currencies will accept a role in the approaching as a all-around currency.
Do you accede with Nasdaq’s CEO? Share your thoughts below!
Images address of Shutterstock
