CRYPTO
“ The vast majority of crypto investors who have done well were those who knew least and cared even less ”
DANIEL FIELD DIRECTOR OF INNOVATION AND
GLOBAL HEAD OF BLOCKCHAIN , UST
Crypto : Evolution over the next decade So , with crypto ’ s decentralised identity and regulation in the balance , how will crypto look over the next 5-10 years ?
Hiebel believes it will be an established asset class by this point . “ As more and more players of all industries will start leveraging the technology , trust will naturally surge . In fact , many people will interact with “ crypto-powered ” technology without even being aware of it . This development has already started .”
Field agrees , believing digital currencies will become mainstream in the next five to ten years . “ It ’ s the convergence of multiple efforts from different fields across the commercial and financial sectors ,” he says .
“ That includes CBDC , and private stablecoins , tokenised commodities and other tokenised assets . It will start with high volume commerce and filter down to individuals over a slightly longer horizon .”
So , while crypto is set to be the digital asset class of the future , for now , it ’ s about striking the right balances to restore trust in a digital asset class currently in the doldrums of public opinion . But , fear not cryptonites , for this digital asset class will have its heyday . fintechmagazine . com 127