Bullish Prediction: This Crypto Sector Will Financialize Every Single Asset

Bullish Prediction: This Crypto Sector Will Financialize Every Single Asset

There are a lot of interesting predicitons that are taking place in the crypto space these days. Check out the latest one below.

Bullish crypto prediction

According to the latest reports, the billionaire venture capitalist Chamath Palihapitiya says one sector of the crypto industry will be responsible for monetizing all assets and putting them on the blockchain.

In a new All-In podcast, the Social Capital CEO said recently that people will eventually find a way to tokenize all of their assets and possessions. This move will be made in an effort to capture value.

“All the leakage you have today goes away in a world of DeFi (decentralized finance) because you will financialize every single asset possible. You’ll financialize your homes. You’ll financialize your cars. You’ll financialize your watches, your jewelry, your art. You’ll financialize every random thing [including your] career.”

He continued and stated the following:

“By monetizing it and financializing it, you can borrow against it, you can trade it, you can pull forward value into the future against it.”

It’s also been reported that he believes the fact that users who put their assets on-chain won’t mind paying taxes because of the potential to generate outsized revenues.

More exciting crypto news – institutions and staking

It’s been revealed that the Alluvial Chief Growth Officer Mara Schmiedt projected increased institutional adoption of staking protocols in the coming years. Institutional crypto adoption is vital, as we already said, for the mainstream adoption of digital assets.

The Block online publication notes that Alluvial Chief Growth Officer Mara Schmiedt said she expects significant growth in the staking industry in the coming years.

On the other hand, it’s important to note the fact that before that growth can be realized, she said issues must be addressed in terms of operational security, onboarding and warm-up periods, activation queues, and withdrawal periods.


by

Tags:

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *