Jalak Jobanputra, Future Perfect Ventures, joins CNBC’s ”Fast Money” to discuss crypto assets and the future of the industry after the FTX collapse. Chris Rhine, Galaxy Digital portfolio manager, and head of Liquid Alpha strategy, also joins the discussion.
The crypto market has experienced a slowdown in recent times, with Bitcoin and other cryptocurrencies experiencing a dip in value. However, signs indicate that the crypto winter may be starting to thaw.
Institutional adoption of cryptocurrencies has been on the rise, with major companies like Tesla and Mastercard investing in Bitcoin. Additionally, governments and central banks around the world have been exploring the potential of central bank digital currencies (CBDCs), further legitimizing the crypto industry.
Another factor contributing to the thawing of the crypto winter is the growth of decentralized finance (DeFi) and non-fungible tokens (NFTs). DeFi platforms allow users to invest in a variety of financial products, such as loans and insurance, without having to go through traditional financial intermediaries. NFTs, on the other hand, are unique digital assets that can represent ownership of anything from art to virtual real estate.
Despite the positive indicators, the crypto market remains volatile and subject to fluctuations. Nevertheless, the increasing institutional interest and growth in DeFi and NFTs point towards a bright future for the crypto industry. As the crypto winter begins to thaw, it’s an exciting time to be involved in the crypto space.
