FTX exchange founder Sam Bankman-Fried (SBF) is optimistic that regulators worldwide will significantly boost the rate of institutional adoption of crypto this year and years to come.
Sam Bankman-Fried – Founder of the FTX exchange
In one interview On January 3rd, SBF spoke about crypto regulations, host institutes and metaverse. Despite the hard end of the market in 2021, SBF remains “optimistic” for 2022.
“What basically makes me optimistic is more clarity on regulations in the US and around the world. I think this can be of great help for the institutional roll-out of crypto. ”
When asked why he thinks the institution is accelerating the adoption of crypto in the future, he replied:
“A lot depends on what exactly is happening on the legal front.”
His view of clear regulation that will encourage growth in institutional acceptance is similar to that of Nansen’s Beili Baraki and Metrikas Nikos Andrikogiannopoulos.
He points out the possibility that a broad wave of acceptance will occur if the jurisdictions “achieve regulatory clarity”. Instead of a tidal wave scenario, however, it will be “a long process over a number of years”.
He also noted that “many governments have announced that they will introduce regulatory frameworks in the coming year”.
Also, another factor that makes SBF optimistic is the strength of the institutional money flowing into the cryptocurrency ecosystem.
“Basically, every big financial institution, every big bank, every big investment bank, every pension fund I’ve spoken to has this sector in their sights.”
When asked how crypto and metaverse can be combined, the billionaire pointed out that video game NFTs are likely to play one of the biggest roles in the crypto world in the metaverse for billions of players worldwide.
Follow Statista, there will be around 3.2 billion players in the world by 2021. According to DappRadar, the crypto gaming industry consists of only 1.2 million players. This shows that integrating crypto with mainstream gaming will hugely boost crypto adoption around the world, confirming SBF’s prediction.
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