Bitcoins The recent “parabolic” rise in prices reflects regulatory uncertainty in major markets such as the US, he said. These Co-founder Kathleen Breitman.
Speaking at WebSummit, Brettman argued that “this week's rise in Bitcoin prices shows the uncertainty in the US.” US, there will be more things like tying real-world assets to cryptocurrencies, as navigating the regulatory environment becomes easier.
The co-founder of Tezos added: “Accepting things like this ETFsAnd more broadly, prediction markets and A stable coinIt's really encouraging that there could be other use cases like mainstream crypto gaming. Memecoins are “an extension of NFTs” to build communities, she said, “in a peer-to-peer, stateless state.”
Crypto has been “an over-capitalized industry in the last five or six years,” Breitman argued, “while there is economic value or a problem to be solved” that has been overshadowed by “speculative enthusiasm.”
She likened the impact of crypto's overcapitalization to the 19th-century development of railroads, as passengers on major rail lines “didn't accurately reflect the volume of trains between the two locations” when they had to change trains. That situation is mirrored with the crypto industry, which states that “the disadvantage of capitalization is that there is no strong incentive to achieve optimality among competing entities or competing projects.
Along with regulatory certainty, Britman said she will focus more on the “technical enablers” of crypto, such as wallet infrastructure. She added, “Hopefully we'll see some serious players coming into the space because of the sanctification, implicitly, by the US government — or at least the way the market is interpreting the Trump administration coming.”
Edited by Stacy Elliott.
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