Published
5 years ago on
October 03, 2018
“I personally think that cryptocurrencies are here to stay. I think there is a future for them. I’m not sure they ever come to rival the dollar or other hard currencies, but there’s a whole section of the world that is really hungry for functioning currencies that they can’t find in their local currencies. There are 140 countries in the world, every one of them has a currency. Probably 2/3 are not worth the polymer or the paper they’re written on, and those parts of the world rely on hard currencies. Bitcoin [or another] cryptocurrency may solve some of the problems.”However, he still thinks that this could take at least ten years and even then there isn’t a guarantee. In a recent interview, he said that the community too focused on the negative side of the cryptocurrency markets which includes manipulation and fraud. He also believes that legislators should halt their attempts to pursue severe regulations regarding digital currency. He noted:
“There’s no question that the United States is leading in a number of areas. But there’s other areas as well of innovation where I think it makes sense for us to take a little bit more of a thoughtful and intelligent approach, just as the US Congress did 20 years ago in the early days of the internet.”Giancarlo said that the statutes of such traditional agencies like the SEC have been set in stone for almost a century. References:Coinspeaker Investment Disclaimer
