Regarding the progress that digital assets have had for a couple of years now, Cathie Wood and Michael Saylor gave their opinions at the Bitcoin 2022 conference. They pointed to a future for cryptocurrencies that includes “different” government policies, while hoping for greater adoption of the sector among the community.
“Flexible” regulatory framework
At the presentation of ideas related to the future of the crypto sector, Cathie Wood, CEO of ARK Invest he talked about the policy section. In this way, he made reference to the evolution that government entities show in front of the crypto market.
It took into account the perception of Bitcoin in previous years and today. He showed some amazement at the change being observed in the legal landscape, considering a future with “friendly” regulations for cryptocurrencies. He mentioned US Treasury Secretary Janet Yellen, alluding to her “change of heart” regarding Bitcoin.
Woods clarifies that government regulatory officials see cryptocurrencies as an attraction that attracts the attention of the population. Although at some point they rejected the impact of the digital environment on the economy, they would seek support from citizens by providing accessibility to these assets.
“I think I’m seeing that the politics around Bitcoin is changing radically because it’s become the one issue that some people are voting on,” he said about it.
For his part, Michael Saylor, CEO of MicroStrategy, complements this clarification by reflecting the “180-degree turn” that the regulatory framework and people with “power” have given. He said that hopes that BTC would be blocked, a year ago, were on everyone’s lips. However, the situation would have changed sharply in a short time.
Now, a few weeks ago, we had the president of the United States giving the green light to Bitcoin, the crypto enthusiast commented.
Bitcoin against inflation!
In addition to expressing the change of opinions regarding blockchain regulations, Cathie Woods emphasized the current inflationary trend. He believes that the opportunities offered by BTC and other assets could represent an advance to “combat” inflation.
“If inflation is a problem, it’s clear that Bitcoin is a great hedge against inflation,” he asserted.
At the other extreme, he points out that there are still somewhat deviant positions on what Bitcoin is. “Whenever I hear about win-win, I don’t usually believe it. But it is interesting to observe how stock market investors treat Bitcoin and other cryptoassets as they are treating the rest of the technology,” he added.
Influence of technology
By way of showing a possible upcoming panorama, Saylor added to the panel his perspective of the rapid progress of the implementation of blockchain technology. He commented that the performance of the digital markets will spread rapidly as the adoption of the new protocols reaches the hands of the community. “Technology is going to drive Bitcoin adoption more aggressively in the next 36 months,” he mentioned.
He took the opportunity to support CashApp, for contributing to the expansion of the network in the search to facilitate transactions between users. The digital payments firm intends to incorporate the Lightning protocol so that more enthusiasts can enter the market, without major complications.
At the end of the presentation, Michael Saylor closed with a clear message: “Do not sell your Bitcoins.” This caused an outburst of applause in a room full of crypto world enthusiasts.
Relate
