The crypto industry continues to achieve more potential projects, with many better developers, the money market will receive great support from traditional systems such as The Goldman Sachs Group.
Joseph Lubin, co-founder of Ethereum (ETH), said that "institutional investors" are driving the volatility of the electronic money market. Spencer Bogart, a partner at Blockchain Capital, said the statement was made by Lubin in a recent interview.
He also talked about the general trend of the electronic money market and the trajectory that it was set to perform. He describes the development of the industry in general and is optimistic as the market is experiencing a difficult period:
" We see that the development trajectory of the electronic money market is very clear. The crypto industry continues to achieve more potential projects, more developers, and the money market will receive huge support from traditional systems such as The Goldman Sachs Group, Multi-national, involved in investment banking, securities, investment management, and other financial services with clients primarily organizations, they announced that they would launch a Trading platform involves electronic money"
In addition, many people believe that markets lack professional investors, large investment funds to coordinate the market. Bogart also commented on the development in this market, belief in the development of the market and its development cycles, he said:
"Its development trajectory is very clear. What we see is the growth cycle of any market, where things tend to grow faster than they need to be and they fall faster than they should be. The same thing happens in most other markets, such as Bds, ck, global economic cycle, downtrend, enabling developers to find solutions to overcome barriers to prepare one step. new for the market"
Bogart thinks that the electronic money market is great, where all the investors around the world can participate in any project, eliminating border barriers, especially here. Private minors can also participate. However, he also said that the volatility of the market has a strong impact on small investors, stating:
"In general, retail investors are a bit more emotional than institutional investors. We expect it to go higher at the highest level and expect it to be lower at the lowest level".
Hunter Horsley, Managing Director of Bitwise Asset Management, also gave his opinion on the regulatory atmosphere around the world. He commented on Coinbase's CEO, Brian Armstrong's statement on why Coinbase traded only a handful of coins, stating:
"On time for mass acceptance, that's a really relevant point. I agree with Brian about that. I think it will take a long time for the market to prove its worth, whether it's a year, five years or ten years, it's hard to say".
Horsley has compared the development of the Internet and the electronic money market. He says:
"It is hard to expect how the internet is deployed extensively across the globe and real valuable applications were introduced in the 2000s. We hope that the adoption and deployment of public blockchains and money didnenej It will take some time because it is essential for the development of the technology"
Spencer Bogart
Talking about the risks that the e-money market is experiencing, Spencer Bogart says that time is the biggest hardship for many investors. Moreover, adopting an open financial network is difficult, Bogart said. He says:
"I think the amount of time that the open money and financial markets are going through is a very difficult time. It takes a long time for people to adapt to open information systems such as the Internet. It takes at least a long time for people to accept digital assets. As such, it will be dedicated to startup interruptions".
The electronic money market is going through a difficult period, it takes time to prove its correctness. There are a lot of e-currencies in the market today, but there are very few potential projects and this is a necessary stage to find pioneering projects in the new phase, the stage where Blockchain takes steps. take the first to apply to life.
@dieuvu (source : Tradingig/Ambcrypto/blogtienao)
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