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FTX founder predicts more institutional investments in the crypto market in 2022

 


Above all, the increasing legal clarity gives reason for optimism, as Sam Bankman-Fried thinks


Sam Bankman-Fried, the successful young entrepreneur and founder of the crypto trading platform FTX, is confident that more legal clarity in the crypto industry will ensure that more and more institutional investors enter the market.


“SBF” made the corresponding statements in a recent interview with Bloomberg, in which he discussed the topics of crypto regulation, institutional adoption and metaverse, among other things. Despite a bumpy end of the year for the crypto markets, Bankman-Fried is "optimistic" about the development in the new year:


“What makes me optimistic is that there is more and more legal clarity in the US and around the world. That will give institutional adoption a total boost. "

SBF maintained this tenor in response to the question of accelerating institutional adoption, as he sees this also very much dependent on what “happens in the regulatory area”.


Beili Baraki from Nansen and Nikos Andrikogiannopoulos from Metrika also share the view that increasing interest among institutional investors depends primarily on greater legal clarity.


In this context, Bankman-Fried adds that as soon as a country “gets more legal clarity”, institutional investments in the region in question could crash like a tsunami. However, he believes that it is more likely that institutional interest will “grow steadily in a lengthy process over several years”.


The FTX boss sees the ground for this already prepared, because "many governments have now announced that they are working on a legal framework for crypto currencies". Indeed, governments around the world are now grappling with the issue.


But not only politicians are trying to do this, because the interest of the institutions in entering the crypto market is at least as high, according to the SBF:


"In principle, every major financial institution I have spoken to, every bank, every investment bank, every mutual fund, plans to enter the crypto market."

When asked how the expert sees the combination of metaverse and crypto, Bankman-fried explains that, in his opinion, non-fungible tokens (NFT) will play an increasingly important role in the video game world . In this way, crypto would also be indispensable in the Metaverse.


As the data from Statista shows, there are almost 3.2 billion gamers worldwide. So far, however, crypto gaming only has 1.2 million players . If the crypto industry could actually successfully join the video game industry, this would open up enormous potential for the crypto market, which would also legitimize SBF's optimism.

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