The founder of the FTX exchange, Sam Bankman-Fried (SBF), is optimistic that regulators worldwide will clearly stimulate the rate of institutional adoptions of crypto this year and the years to come. follow.
Sam Bankman-Fried – Founder of the exchange FTX
In one interview On January 3, SBF talked about crypto regulations, host institutions, and Metaverse. Despite the market having a rough end to 2021, SBF remains “optimistic” about 2022.
“Basically, what makes me optimistic is more regulatory clarity in the US and globally. I think this can be of great help to the institutional adoption of crypto.”
When asked why he thinks the institution accelerates crypto adoption in the future, he replied:
“Much of that depends on exactly what happens on the legal front.”
His view on clear regulation that will encourage growth in institutional adoption is similar to that of Nansen’s Beili Baraki and Metrika’s Nikos Andrikogiannopoulos.
He points to the possibility that if jurisdictions “realize regulatory clarity,” a wave of widespread adoption will arrive. However, instead of a tidal wave scenario, “it will be a long process over a few years”.
In addition, he also noted that “many governments have announced that they will introduce regulatory frameworks in the coming year”.
Besides, another factor that brings optimism to SBF is the strength of institutional money flowing into the cryptocurrency ecosystem.
“Basically every major financial institution, every major bank, every major investment bank, every pension fund that I have talked to is eyeing this sector.”
When asked how crypto and Metaverse will combine, the billionaire pointed out that with billions of gamers worldwide, video game NFTs are likely to have one of the biggest roles in crypto. in the Metaverse.
Follow Statista, there are about 3.2 billion gamers in the world by 2021. However, according to DappRadar, the crypto gaming industry consists of only 1.2 million gamers. This shows that integrating crypto with mainstream gaming will give a huge boost to crypto adoption globally, confirming SBF’s prediction.
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