Why FTX’s Sam Bankman-Fried Is Optimistic For The Crypto Market Over The Next Few Years
Why FTX’s Sam Bankman-Fried (SBF) says he’s optimistic for the crypto market over the next few years.
Earlier this week during the SALT New York conference, CEO of crypto exchange Sam Bankman-Fried (SBF) voiced his thoughts and bullishness on the crypto market in the years to come. The billionaire, often referred to as SBF claims that he’s extremely optimistic for the future of the crypto market in the next few years for a number of reasons.
Number Of Use Cases
One of the reasons SBF claims to be so bullish and optimistic on the market is due to the fact that Blockchain has quite a large reach on its use case scenarios.
“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.” SBF explained.
“It’s gonna take time for those to get to scale, but people are working on it.”
Related: FTX CEO Sam Bankman-Fried Bullish On Crypto: It’s Coming Back!
Clear Crypto Regulations
For a long time now, one of the biggest reasons for crypto’s volatility has also been due to the lack of clear regulations that have been set in place by the U.S Government on digital assets like crypto.
However, Bankman-Fried claims that within the next coming years, more clarity will be brought on digital assets and the regulations that apply to them, which will in turn draw more investors, including institutional investors to join the crypto space.
SBF stated, “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.”
This isn’t the first time SBF has made optimistic remarks on the crypto market. Previously in an interview earlier this month, SBF made claims that Crypto will surely “come back” from this current bear market.
He argues that the crypto market is extremely tied to the macro environment, but that “If we see a market recovery we’re going to see crypto recovery along with it.”
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