“How could you not love crypto? Crypto is just a great system. It’s frictionless. It’s decentralized. And young people want their own financial system. So, it is here to stay,” Bravo said in his address.
Addressing concerns around crypto, Bravo highlighted that the technology of blockchain, that supports the crypto ecosystem, is not only super powerful, but also comes with better use cases than data-based software.
“For me, it’s pretty simple. More people are going to use in the future than today, and it’s going to be more established. Institutions are just beginning to go there, and once that happens, I think it will increase significantly over the years. I’m very bullish,” Bravo said.
Is crypto here to stay? “Absolutely,” says @OrlandoBravoTB.
“How could you not love crypto? And on top of that, the underlying technology of blockchain can be very powerful.” #DeliveringAlpha pic.twitter.com/hpt2pBql11
— Delivering Alpha (@DeliveringAlpha) September 29, 2021
Crypto-supporting voices have been getting louder in recent times.
For instance, noted venture capitalist Chamath Palihapitiya recently said Bitcoin is the modern-day replacement of gold.
Earlier this week, Tesla CEO Elon Musk also said in an interview that cryptocurrencies are indestructible.
The negative environmental impact of crypto mining however, has emerged as a matter of concerns among several countries around the world.
On September 24, China imposed a blanket ban on crypto activities, making the deed a legally punishable offense.