Ga naar de inhoud

Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

Cryptocurrencies to Trade Alongside Precious Metals in Future, Says Director of Arizona’s Blockchain Lab

Geplaatst op juni 16, 2018 door Blockchain News

After Intercontinental Exchange (ICE) announced its intent to build a cryptocurrency trading platform, industry observers ascertained a shift from the financial industry’s mistrust of the volatile digital asset to widespread institutional adoption.

Cryptocurrencies to Become “Alternative-Investments”

In an interview with ASU Now, Dragan Boscovic, Director of Arizona State University’s Blockchain Research Lab, revealed the cryptocurrency industry’s steady foray into the institutional world and lent insight on the asset’s legitimacy.

As per Boscovic, the decade-old technology of cryptographic money has given rise to other platforms and concepts not necessarily functioning as peer-to-peer alternatives to fiat. This aspect is noted by central authorities who consider the asset class as a new investment opportunity.

The blockchain researcher was more focused on the monetary aspect of digital assets instead of their underlying technology:

“From an investment perspective, cryptocurrency is considered an asset, and as such, it is traded as a commodity. Just like we trade precious metals like gold or silver or platinum, we can look at cryptocurrencies in the same way. In other words, the NYSE now looks at cryptocurrency as an investment option in the same way it treats gold as a commodity.”

Deflationary Benefits of Cryptocurrencies

Boscovic believes that consumers now have a digital alternative for traditional investments such as precious metals or land, which provides an “accompanying proof of ownership” wholly based on investor demand.

The researcher noted that central authorities could influence traditional assets by increasing supply, but cryptocurrency’s limited supply completely prevents such behavior.

In his view, digital currencies will be available on ICE’s platform in the same way as traditional assets. Boscovic noted that bitcoin’s acceptance by a renowned organization “will open the door for other currencies.”

“It’s a very positive development in the sense that it injects confidence into the marketplace,” said Boscovic, adding “Institutional investors recognize this new asset as a valued investment opportunity; this will encourage individual investors.”

Boscovic believes the widespread acceptance of cryptocurrencies would encourage shop owners to accept and trade digital money, effectively creating a digital ecosystem.

Technology More “Evolutionary than Revolutionary”

In Boscovic’s view, industry players are not resistive towards cryptocurrencies but took their time to understand the industry. Additionally, businesses need to be “curious” about blockchain technology to evaluate the benefits of implementing the protocol. Boscovic continued:

“The acceptance of cryptocurrencies and the blockchain platforms on which they exist is evolutionary more than revolutionary.”

In conclusion, Boscovic stated that new economies would be fueled by cryptocurrencies, with the asset class becoming “another trading asset” alongside precious metals and traditional commodities.

The post Cryptocurrencies to Trade Alongside Precious Metals in Future, Says Director of Arizona’s Blockchain Lab appeared first on BTCMANAGER.


Source: BTCManager.com
Original Post: Cryptocurrencies to Trade Alongside Precious Metals in Future, Says Director of Arizona’s Blockchain Lab

Ledger Nano X - The secure hardware wallet

Recente berichten

  • Polkadot community split on selling 500K DOT for Bitcoin reserve
  • Jack Ma’s Ant International eyes stablecoin licenses in Singapore, Hong Kong
  • MEXC launches $100M user protection fund to cover platform breaches
  • Trump’s CFTC pick calls blockchain a society-shaping technology
  • MapleStory revives Avalanche, tops 1M daily transactions twice in a week

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • juni 2025
  • mei 2025
  • april 2025
  • maart 2025
  • februari 2025
  • januari 2025
  • december 2024
  • november 2024
  • oktober 2024
  • september 2024
  • augustus 2024
  • juli 2024
  • juni 2024
  • mei 2024
  • april 2024
  • maart 2024
  • februari 2024
  • januari 2024
  • december 2023
  • november 2023
  • oktober 2023
  • september 2023
  • augustus 2023
  • juli 2023
  • juni 2023
  • mei 2023
  • april 2023
  • maart 2023
  • februari 2023
  • januari 2023
  • december 2022
  • november 2022
  • oktober 2022
  • september 2022
  • augustus 2022
  • juli 2022
  • juni 2022
  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©J Blockchain News Feed | Ontwerp: Krant WordPress thema