JMP Securities director states crypto is the “new frontier”

JMP Securities director of financial technology research, Devin Ryan, candidly spoke about a wide range of topics within the crypto industry in a recent exclusive interview with Fox Business.

Topics discussed included macro regulations amid impending expectations of the White House policy framework, states in the US accepting Bitcoin as legal tender as well as great potential to consumer acceptance in the coming year.

Cryptocurrencies have experienced significant volatility over the past month, with Bitcoin losing nearly 44% from its all-time high and Ethereum falling similarly.

Despite limitations on pricing, capital investment, consumer acceptance, community optimism, and corporate valuations for the emerging space peaking at a multi-billion dollar valuation for Animoca Brands ($5 billion), Fireblocks ($8 billion) and FTX ($32 billion).

On the topic of coin supply in the market, Ryan said that “many of these projects really have a future” while there are projects that have created use cases that aim to solve the  problems in the world using blockchain technology.”

In addition, he also cited the potential of cryptocurrency mechanics to be integrated in the game space, judging that “people can make money in ways that never existed before.”He also stated that crypto is the “new frontier” and predicts that the overall growth of the sector will be ahead of short-term volatility as it enters the race for popular adoption.

Read more:

Join us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like