Power Ledger’s Blockchain Economist: Cryptocurrency is a $278 Trillion Dollar Opportunity


Anya Nova, a blockchain economist based at Power ledger, weighed in on cryptocurrencies and tokenization, stating that cryptocurrency has the capability to transform societies through tokenization of $278 trillion in assets.

Breaking it down in a recent Medium Post, Anya explained:

“So will security tokens democratize finance and lift millions out of poverty? No, at least not right away. But will they transform how we live? Absolutely. Why? Because there is just so much to tokenize: $217 trillion dollars in real estate, $55 trillion dollars in equities, $6 trillion dollars in gold.”

Evolution Of Cryptocurrencies

To drive her point home, Anya Nova gave a story about her life in Russia, saying she actually experienced hyperinflation throughout her early age and could see that fiat currency was always a resource that can be controlled by governments and ‘occasionally mismanaged.’

Comparing those days to today, Nova could tell the difference in prices of basic commodities, explaining that during the 90s she could buy a loaf of bread for only 60 cents, but now it goes for a much as $3.40.

Since then, Nova wonders why bitcoin isn’t taken seriously, with some claiming that cryptocurrencies have a slim chance of replacing fiat currency.

According to Nova, cryptocurrencies are fascinating because they touch on important aspects of people’s lives. However, the reason insurgence of security tokens is being witnessed today is because government bodies such as the SEC are cracking down on all project that has failed to comply with fundraising regulations that exist.

As per Nova, a token that complies fully with fundraising regulations isn’t any better compared to one that hasn’t. According to her, as these regulations have a lot of problems, right from how disclosure statements function to how the sophistication level of an investor is determined.

The Rise Of Security Tokens

Nova recounted her experience in the crypto world, saying that she has seen the evolution of cryptocurrencies since the time of bitcoin and then the ICOs, and now security tokens.

However, she raised a question on whether it’s possible for security tokens to democratize the financial system in the world and get people out of poverty. According to her, security tokens can’t achieve this, but they will help transform how the masses live.

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