COO of cryptocurrency exchange, Blockbid, David Sapper recently shared his two cents on cryptocurrencies and how it will evolve with Express.co.uk.
His perspective is definitely positive considering the fact that a Bitcoin that once reached USD$20,000 and fell to USD$6000 has made many investors doubting its entirety. In particular, Sapper shared that the current position of cryptos is still in the warming up phase, implying that it has a lot of room for growth.
He first said to Express.co.uk that,
“I believe that the hype has barely even begun. Only 1 percent of the global population owning any cryptocurrency and news of banks and financial institutions looking to incorporate blockchain technology and invest in cryptocurrencies.”
In his point of view, the digital asset will only become more “mainstream” in the next 18 to 24 months.
When the topic of market fluctuations came up, Sapper was quick to point out that Facebook’s previous ban of cryptos will soon be lifted, which to him is a good sign, as,
“some confidence has returned to the market which in-turn has seen price increases within Bitcoin.”
Altogether, Sapper strongly believes that cryptos are still fairly new, however, for it to become more than what it is today, “correct legislation and regulation” are much needed. With that in place, Sapper sees cryptos being easily integrated into one’s day-to-day lives.
Here’s as per his quotes:
“[…] With the correct legislation and regulation, I believe cryptocurrencies will become part of our daily lives. The technology behind cryptocurrencies, blockchain, is being harnessed by numerous sectors and I wouldn’t be surprised if some companies create their own cryptocurrencies for internal use.”
An important point he made is the fact that as the technology continues to develop, “more interest” will be seen. It is finally nice to see some positive light placed on cryptocurrencies. In addition, many headlines regarding influential leaders considering cryptos is surely to support user adoption in the near future.
Do Sapper’s views on crypto align with yours? Do you agree that both legislation and regulation can help to enrich the crypto market?