News NASDAQ CEO Predicts Bitcoin Could Become “Global Currency Of...

NASDAQ CEO Predicts Bitcoin Could Become “Global Currency Of The Future” – Regulation And Institutional Adoption Required

-

- Advertisment -

NASDAQ CEO Predicts Bitcoin Could Become “Global Currency Of The Future” – Regulation And Institutional Adoption Required

Bitcoin and crypto are receiving more and more positive predictions these days and these are coming from various prestigious and significant people.

Now, the newest addition to the list of people who foresee a great future for Bitcoin and crypto, in general, is NASDAQ CEO, Adena Friedman.

In a post on Linkedin, she explains that crypto and Bitcoin are some truly groundbreaking innovations that deserve to become a part of the global economy.

“The invention itself is a tremendous demonstration of genius and creativity, and it deserves an opportunity to find a sustainable future in our economy. We would argue that two key ingredients to establishing a practical utility and a more stable value are governance and regulatory clarity – both of which are antithetical to the original intent as a decentralized, ungovernable global currency,” she said.

NASDAQ is supporting the emerging tech

Friedman said that NASDAQ is doing its part in order to support and even solidify the future of crypto and their tech and she mainly believes that responsible regulation is the key to a successful future.

Without some level of regulation, it’s not possible to prove the level of transparency and fairness that can build people’s trust, according to Friedman.

Regulation and institutional adoption

It seems that NASDAQ is reportedly working to help crypto gain investors’ trust by offering their tech for “trade matching, clearing, and trade integrity to start-up exchanges. We have also invested in ErisX, an institutional marketplace for cryptocurrency spot and futures.”

NASDAQ CEO Predicts Bitcoin Could Become “Global Currency Of The Future” - Regulation And Institutional Adoption Required

Friedman also foresees that 2019 will be another proving year for crypto, but overall digital currencies are seen to have a massive potential role in the future and the extent of their impact will depend on the evolution of regulation and institutional adoption.

Closing words

Friedman also said that two scenarios are possible: the innovation finds practical utility and integration into finance, or it fails to achieve mass adoption and the commercial applications as a medium of exchange will only remain limited.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

3 Beginner Friendly Ways to Make Money with Cryptocurrency 2020

In this article, we will explain how to make money with cryptocurrency in 2020. These methods are...

Blockchain, Bitcoin, and Mashed Potatoes

According to studies, over the next 5 years, many of the major supermarkets are expected to...

Different Facets of Biometric Authentication and How They Are Making A Difference in The Financial Sector

When we think of authentication in the true sense, then we find ourselves amid the different proven...

UNICEF’s 125 ETH Investment Took Less Than 20 Minutes and Cost Less Than $20

"The digital world is coming to us faster than we could have imagined," said UNICEF chief Chris...
- Advertisement -NASDAQ CEO Predicts Bitcoin Could Become “Global Currency Of The Future” - Regulation And Institutional Adoption Required

Analysis: Is Bitcoin (BTC) Still Viewed As A Dark Web Currency?

There is a long past of Bitcoin (BTC) – due to its anonymity – being used in...

A Beginner’s Guide to Day Trading Crypto

Much of the activity that comes from the crypto-space originates from the crypto-trading community. Buying and selling...

Must read

Blockchain, Bitcoin, and Mashed Potatoes

According to studies, over the next...
- Advertisement -

You might also likeRELATED
Recommended to you