📰 Adena Friedman is President and CEO of Nasdaq. Speaking ahead of Davos World Economic Forum, which focuses on “Globalization 4.0” this year, she makes some interesting predictions. Cryptocurrencies, she says, could still be a global currency of the future.
As we play a game of “tug of war” between cryptocurrency and regulators, institutional investors are keeping an open eye. Delayed decisions by the SEC on just about everything from the status of ICOs to Bitcoin ETFs hasn’t aided progress. ◻️
As we move into 2019 and the US government shutdown paralyzes the SEC even further, it’s likely that more key projects will be delayed. However, despite the slow start to the year and oversold market conditions, the Nasdaq CEO is still bullish on bitcoin.
As Nasdaq’s number 1 was preparing to head to Davos, she made several key predictions. Beyond more unicorn IPOs on the horizon, and AI coming into its own, she paid particular tribute to cryptocurrencies.
10 years after the initial invention of Bitcoin, cryptocurrency as a whole has gone through its first phase of classic invention lifecycle. This is marked by the early pioneers, the ascending hype as it reaches the masses, a spike of onboarding, and then “a dose of reality.”
What comes next, she argues, will define the way forward for crypto. It will either find a practical utility and weave into the very fabric of our economy–or it won’t. It will fail to achieve mass adoption due to its limited applications.
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