The head of the second-largest stock exchange in the world by market capitalization, Nasdaq, Adena Friedman, believes crypto still has all chances to be a currency of the future.
According to her recent publication, crypto "has gone through the first phase of the classic invention lifecycle."
"What comes next is one of two outcomes: 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 the invention fails to achieve broad adoption and its commercial applications as medium of exchange are limited (e.g., the Segway)," Friedman wrote in her LinkedIn account.
Moreover, Friedman described the technology which stays behind crypto as "a tremendous demonstration of genius and creativity."
However, Nasdaq CEO noted that without some level of oversight and regulation over the crypto industry, it’s not possible to demonstrate a level of transparency and fairness.
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