One of the most important moments for the world economy is the World Economic Forum in Davos, Switzerland. In this place, regents and important figures of the world economies are grouped for a series of discussions and forums on the problems that most urge the world, and the new developments in the economy. And this year, cryptocurrencies were one of the points discussed in it.
One of the most important appointments on cryptocurrencies occurred before the Forum, by the CEO of Nasdaq, Adena Friedman. In a publication on her LinkedIn page, Friedman said that the cryptos will be of great importance in the economic future, being that they characterize «the invention itself as a tremendous demonstration of genius and creativity.»
For her, the low and fluctuations of cryptocurrencies are a life cycle of all «classic inventions». Thus, they go through a beginning forged by pioneers, a period of exaltation, proliferation of new participants, and a dose of reality. Therefore, for her, the crypts are between two results:
«1) Either the innovation finds practical utility followed by years of steady and sustainable commercial progress and integration into the economic fabric (e.g., the Internet); or
2) The invention fails to achieve broad adoption and its commercial applications as medium of exchange are limited (e.g., the Segway).”
Thus, in order to become the first option, it requires governance and regulation, even though they are the antithesis of the birth of the cryptocurrencies themselves. He also discussed the steps that Nasdaq has taken to contribute to the proliferation and stability of cryptocurrencies.
Do you want to read her full statement? You can do it by clicking here.
Source: Cointelegraph, «Nasdaq CEO: Crypto could still become a global currency of the future».