The CEO and president of Nasdaq, Adena Friedman, shares an interesting self-written article just before the start of the World Economic Forum. In the article she discusses how the future of crypto can look like and what it takes to actually make it a success.
Friedman will be present at the World Economic Forum as one of the leading economic figures. During the event, politicians, economists and other experts will discuss how to make the world “more transparent and stable”.
There are two possible outcomes for Friedman; or crypto becomes as successful as the internet or it dies a slow death and is forgotten. In order to become successful, according to Friedman, however, broad commercial acceptance is required. The acceptance of the technology is not yet very broad at the moment, but the signals are encouraging.
Innovation finds practical use, followed by years of steady and sustainable commercial progress and integration into the economic system (eg the Internet). Or the invention does not succeed in being widely accepted and its commercial applications as a means of exchange are limited.
Finally, Friedman wrote that in order to prevent blockchain and cryptocurrencies from failing, clear regulations and stable policies are needed. There is also the possibility that crypto has to drop certain principles before the technology can go mainstream. This will ultimately determine whether the technology will only be a toy for techies, or will grow into a revolution as we saw it with the rise of the internet.