Everyone would love to predict what will happen in the world of cryptocurrencies next. There are many predictions ranging from the end of cryptocurrency to Bitcoin reaching $1 million per coin or even more.
Obviously – when the market crashes, the more pessimistic predictions outweigh the positive ones. But some don’t fall directly into either of those categories.
A board member of the Swiss Bitcoin Association, Luzius Meisser believes that the future of cryptocurrency lies in stablecoins.
“Stablecoins are a precondition to enable average companies to bring their equity onto the blockchain, because if they issue bonds or shares they want to do so against U.S. dollars, euros or Swiss francs, because those are the currencies they calculate in, not Bitcoin (BTC) or Ethereum (ETH).”
Meisser also expressed that, in his opinion, the ICO market will go through some serious changes. The growing investor protection and increasing investor rights will cause security tokens to fuel the next, more regulated wave of ICOs.
“I would say payment and utility tokens are more or less over, sometimes they make sense.”
Meisser explained that Swiss banks are still very careful and risk-averse, which is why they steer clear of cryptocurrency.
Time will tell if Bitcoin and other giants will give place to stablecoins and if so – to what extent.
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