At The New York Times Dealbook Online Summit, Ken Griffin made quite a few bold statements about Ethereum and other cryptocurrency solutions. In addition, the infamous market-maker and hedge fund billionaire of Citadel made a few predictions. These predictions had the audience scratching their heads, even uncomfortably squirming a little. Why? Well, because it’s a brave new world we’ve stepped into. To clarify, some of the changes to be made are a little scary for entrepreneurs and investors.
“Visa and Mastercard will be replaced by a crypto solution that will be a lower cost of making payments happen between businesses and consumers,” Ken Griffin stated.
It’s hard to believe that finding low-cost solutions in a world where millions of transactions occur daily, would actually be a task. It might even give some people heartburn when they think about it. Yet still, we try. Geniuses behind the scenes are also finding better solutions about the speed at which these transactions are taking place. Credit cards gave us a solution at one point, but Bitcoin and Ethereum have stepped up to take over.
Ken Griffin added, “The benefits of higher transaction speeds, lower cost per transaction, perhaps people will start thinking about how to better deal with security and fraud prevention.”
Bitcoin is still on track to surpass its highest value since its inception. BTC is proving to everyone that it has the staying power people can rely on. Every time an expert calls for BTC to fail, it proves that it won’t go away. Bitcoin is always bouncing back healthier than before. Ethereum looks the same way. So, it would be safe to assume that anyone getting in on Ethereum will have a bright future ahead of them. ( Maybe even as promising as Bitcoin’s ever was.)
Couple that with the fact that more digital currency solutions are developing as we speak. Younger generations of crypto are what to watch. crypto will keep making the world turn through obstacles overcome, and challenges to inform opportunity, Anyone uncomfortable at this point might benefit from just shaking it off because the only way to thrive in an ever-changing world is to walk into it boldly.
If you’re ready to invest in Bitcoin and Ethereum, Byte Federal is your place for all your cryptocurrency needs.
