Crypto Markets Update and Outlook

Some of the points we discussed include:

Daniel expects institutional adoption of blockchain and smart contract functionality in areas such as commerce, tokenization of securities and real-world assets, etc. However, crypto-assets are increasingly being considered for what they are - a volatile risk asset and less of an inflation hedge.

In terms of recent developments, Ethereum’s move to Proof-of-Stake has reduced the blockchain’s energy consumption by 99%, but further upgrades are needed to solve for issues like scalability, high gas fees, etc.

Daniel believes decentralization is not binary but a spectrum. Regulation can help us reap benefits of blockchain/decentralization along with adequate consumer protection, AML/CFT laws, limit frauds & scams, etc.