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Cryptocurrencies are the “new frontier”, says financial researcher



In an exclusive televised interview with Fox Business on Wednesday, JMP Securities, director of financial technology research, Devin Ryan spoke candidly on a range of topics within the cryptocurrency industry. This included the macroscopic regulation amid looming expectations of a White House policy framework, states in the United States accepting Bitcoin as legal tender, as well as the huge potential for consumer adoption in the coming year. Cryptocurrency assets have experienced significant volatility in the past month, with Bitcoin topped by falling nearly 44% from all-time highs and Ethereum recording a similar demise. recent multi-billion dollar valuations for Animoca Brands, Fireblocks and FTX at $5 billion, $8 billion and $32 billion, respectively. a future, but some of them have real use cases to solve problems in the world with blockchain technology. potential of crypto mechanisms integrating into the gaming space, assessing that “people can earn their time in ways that didn’t exist before.” He also stated that cryptocurrency is “the new frontier” and continued to predict that the general growth of the sector will be preceded by volatility in the near term as these technologies compete for mainstream adoption. Related: Kraken CEO Reverses $100K BTC 2021 Forecast : Crypto Winter Now Possible In response to a question about Miami and New York’s efforts to create a state-wide digital asset, Ryan stated, alongside Arizona and Wyoming that several pursuing Bitcoin adoption methods, that “huge innovation and capital formation is taking place”. and that states and countries are eager to become headquarters that advance technology.
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