Ever since Bitcoin was launched back in the late 2000s, the crypto market has thrived to the point where it has become mainstream. People have shown interest in the crypto market because of its potential. They are also enticed by the concept of investing in all available assets.
Cryptocurrencies and other assets in the crypto market have taken over the world in the past few years. This has led to multiple huge personalities like Elon Musk and other Hollywood actors investing in the crypto market. This should also include the likes of non-fungible tokens which has been a huge hit among various industries.
Some people from the finance industry have joined the growing number of investors. This includes SoFi CEO Anthony Noto who has shown that he owns cryptocurrencies but at the same time, he and his family believe that there is a lot of potential with this market.
The possibilities with crypto are endless, from replacing the traditional fiat currency to letting you bet with Bitcoin on gambling platforms. Read further about why Noto believe in this digital’s asset potential for the future
He believes the technology is advantageous to any company
Noto believes in the tech behind blockchain and cryptocurrencies. He also believes that any company that doesn’t take advantage of this technology will be lost in the shuffle because the current innovation can leave them obsolete. He has a good point about this because most industries are evolving and getting a leg up on most technologies should be a recommended move.
With many possibilities in the crypto industry, you can look at innovations like blockchain which can play a huge role in companies’ improvements. Noto has a good point when talking about improvements because most industries have grown stale over the years which should not be a level they settle for. Noto wants most companies to thrive and he believes crypto tech will help in doing so.
He said, ‘We’re invested in cryptocurrency—we own Bitcoin, we own Ethereum, we own some of the more obscure and different cryptocurrencies, but it’s a very small part of what we own. If you don’t innovate, and you don’t use cryptocurrency as a technology platform, you’ll get left behind. Your business will be smaller. You’ll be less competitive. You will have less innovation and less of a value proposition for consumers’.
Noto sees cryptocurrencies becoming the next great asset
In the past century, fiat currencies have ruled over the world with the likes of the US dollar, British pound, and the euro have all been groundbreaking. However, you should also see the future of cryptocurrencies and how they can become the norm of the future.
It’s not hard to see that cryptocurrencies have solid potential because they have already taken over the world in just a decade. If you project that to a long-term timeline, you can expect that the crypto market will thrive and turn into a vital part of the future.
When you look at the giants in the financial markets like billionaire Mark Cuban, they are ready to pull through with the crypto industry. Cuban himself is interested in the assets including cryptocurrencies and NFTs which strengthens the industry’s future.
With the support of people like Noto and Cuban, more people can take notice of the crypto market and invest in this digital asset. Since we live in a world where everything can be processed or accessed online, people will greatly benefit with crypto in various activities including times when people try to bet with Bitcoin on their favourite sports or casino games.
