Global Adoption Of Crypto To Explode Following Ukraine War | CryptoGazette
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The mass adoption of digital assets has been one of the most important goals that the crypto industry has set. There are more moves that have been made in this direction and they continue. Check out the latest reports.
Crypto mass adoption to intensify
Crypto hedge fund veteran Su Zhu thinks widespread adoption of cryptos is inevitable. This is happening as the macro events accelerate use-case scenarios for blockchain technologies.
In a new episode of the Uncommon Core podcast, the CEO and CIO of cryptocurrency hedge fund Three Arrows Capital said that one consequence of the US-led sanctions against Russia for invading Ukraine might be that some nations don’t go along with the prevailing trends.
Zhu cited the Overton window, which refers to the range of political topics open to general discourse.
“This is a big widening of the Overton window that we’re seeing right now, which is that people are just ignoring what [Western governments] say. I think what’s likely to happen is a short-term victory for the West where Ukraine will get the better end of a deal with Russia, but then in the longer term, you will see countries really aggressively move away from overdependence on the existing financial systems.”
Zhu continued and said this:
“Part of that is embracing technologies that are credibly neutral, [also] working on creating alternate systems to the ones that exist. This whole process will take years and years, and the role that crypto plays in this is many-fold.”
Zhu digs into what the future of crypto might look like and represent moving forward worldwide.
Check out the original article from the Daily Hodl in order to learn more about what Zhu had to say.
Stay tuned for more news and make sure to check out the crypto market as well. At the moment the prices look a bit bloody.
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