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Chainlink (LINK) co-founder Sergey Nazarov is detailing how crypto adoption could witness exponential growth.
In an appearance on The Defiant YouTube channel, Nazarov says that the traditional finance (TradFi) institutions will on-ramp the “next billion users” of crypto.
“I do think a very large amount of users both in total value and individuals will come from big asset managers, big banks that many of them have millions of users frankly, that have their life savings or all of their value in those institutions. Already, that having an account at that institution will now be able to use that account to do crypto things.”
According to the Chainlink creator, both retail and capital markets participants will be on-boarded in a wave of crypto adoption expected to be driven by TradFi. He notes that participants coming from the TradFi realm will likely not even suspect that they’re using blockchain to process their transactions.
“So the first category is the retail consumer using more DeFi (decentralized finance), using more public chains where the user experience around private keys really still needs to be improved.
And then the other group will be the capital markets TradFi users that many times might not even fully understand or care that they’re using a blockchain-based asset or that they’re getting their yield from a DeFi or a regulated DeFi protocol but they will. But they will be a user of it.
And I don’t know from which of those two groups more or a larger percentage of those next billion users will come from, but I’m pretty sure that a significant percentage, a double-digit percentage, will be coming from both of them…
I think what might end up happening is by total numbers, you might end up getting more individual people by the public chain web3 retail community side. But by total value, you might end up getting more total value for less users from the TradFi capital market side. If I had to guess I think that’s probably how that next billion user thing will shake out.”
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The post Here’s Where the Next Billion Crypto Users Will Come From, According to Chainlink Creator Sergey Nazarov appeared first on The Daily Hodl.
Chainlink (LINK) co-founder Sergey Nazarov is detailing how crypto adoption could witness exponential growth. In an appearance on The Defiant YouTube channel, Nazarov says that the traditional finance (TradFi) institutions will on-ramp the “next billion users” of crypto. “I do think a very large amount of users both in total value and individuals will come
The post Here’s Where the Next Billion Crypto Users Will Come From, According to Chainlink Creator Sergey Nazarov appeared first on The Daily Hodl. Blockchain, Crypto, crypto adoption, News, sergey nazarov
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