Chainlink Founder Foresees Tokenisation of Real Assets as Next Crypto Trend
Summary:
Sergey Nazarov, founder of Chainlink (LINK), anticipates the tokenization of real-world assets to be the next big trend in the crypto market, as new buyer types are entering in vast numbers. The U.S. government reportedly holds over 200,000 Bitcoin (BTC), and the approval of Bitcoin exchange-traded funds (ETFs) is viewed as a beginning to facilitating funds entry into this market. The approval of Bitcoin ETFs has already led to a surge of investment in the crypto sector.
Sergey Nazarov, the creator of Chainlink (LINK), recently shared his belief that the current crypto market cycle is exceptional due to the influx of new buyer types. In a conversation with Bloomberg on February 28, he suggested that this could potentially expedite the process of tokenizing real-world assets, far sooner than previously predicted. He noted that the new wave of participants stretches beyond typical retail customers who are drawn in by media-covered crypto price swings. Instead, it encompasses all areas of the global economy. Indeed, the U.S. government was reported by Cointelegraph in October 2023 to be one of the largest holders of Bitcoin (BTC), possessing over 200,000 BTC worth about $12.4 billion. Moreover, Nazarov pointed to the recent sanctioning of Bitcoin exchange-traded funds (ETFs) as a signal of further easing of access for funds, a development he views as just the start. Next on the horizon, he forecasts that tokenization of real assets will shape the future of the crypto ecosystem. The influx of funds into the sector following the Bitcoin ETFs approval on January 10th is a testament to this. Analyst Pav Hundal expects meme coin values to rise due to the large and dedicated communities behind them and is particularly interested in monitoring an impending upgrade to Shibha Inu's (SHIB) main network.
Published At
3/3/2024 8:44:13 AM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.