What will be the Future of Digital Assets? | Empirex Capital

What will be the Future of Digital Assets?

While Bitcoin is the most recognizable digital asset, it’s just one asset class among many that are here to evolve financial services globally.

From Empirex Capital we have been waiting on the frontline of crypto for the past 10 years, protecting large and small investors alike while allowing them to invest in this exciting new frontier of finance. The experience we’ve gained here helps us to see what’s coming down the road.

In this historical period, a myriad of outcomes is possible but one thing is for certain: The efficacy and innovation of the technology will influence well beyond traditional financial sectors.

The mature digital assets industry is coming

Blockchain offers a faster, more efficient, and more secure structure for financial transactions when compared with the contracts, transactions, and records that currently define our economic, legal, and political systems. Harvard Business Review put it succinctly with this simile: “[The old financial structures] are like rush-hour gridlock trapping a Formula 1 race car. In a digital world, the way we regulate and maintain administrative control has to change.”

From generation to generation, technologies have updated how we complete financial transactions. The modern credit card has been around since the late 1950s, the first proper sale over the internet was completed in 1994, PayPal was founded in 1998 and went public and was sold to eBay in 2002, and Satoshi Nakamoto started the blockchain revolution in 2008. Today, financial heavyweights are no longer standing on the sideline. And 55 out of the 100 biggest banks in the world have some form of exposure to this novel technology.

So what does the future look like?

Congress opened up the doors to regulators earlier this year when the Senate passed an infrastructure bill that contained an amendment bringing new scrutiny to the crypto industry.

Investors, digital asset exchanges, smart technologists, government officials, regulators, and everyone in between will benefit from a more mature marketplace that protects its consumers and values transparency, predictability, and honest communication. Likewise, the majority benefit from clarity about which digital assets hold actual value and which exist as manipulative tools to make the wealthy wealthier.

Finally, the mature digital assets industry has begun to emerge over the last several years, bringing with it a synergy of language that has become more sophisticated and invited a broader audience to our table. The assets and insight that this new audience brings, in turn, will provide rich confidence across industries. That confidence will lead to the adoption of blockchain technology to unravel issues that no one ever dreamed could be addressed with blockchain.

Created on 7th Oct 2021

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