Sergey Nazarov Envisions Tokenization Surge as Banks Prep for Major Campaign Beyond Bitcoin ETFs
Sergey Nazarov, the creator of Chainlink (LINK), heralds the recent debut of spot Bitcoin (BTC) exchange-traded funds (ETFs) as a pivotal event in the industry, heralding a potential surge in capital infusion from global finance.
In an interview with Bloomberg Television, Nazarov emphasizes that the institutions of the world financial system represent the primary new buyers in the current crypto market cycle, seeking alternative avenues for accessing digital assets post Bitcoin ETF successes. He underscores the significant potential for value inflow into crypto markets, driven by the embrace of ETFs by the global financial system. Nazarov anticipates a subsequent phase of asset tokenization, where banks respond to ETF inflows by offering competing assets or tapping into capital inflows.
Highlighting institutions’ newfound comfort with crypto, Nazarov describes this development as a “watershed moment,” enabling major asset managers worldwide to access cryptocurrency in unprecedented ways. He underscores the immense market potential unlocked by this shift, signaling a transformative era for crypto adoption and investment.
Clever Robot News Desk 29th February 2024
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