Most ico projects have brilliant ideas and white papers but very few have managed to deliver on their promises. This trend needs to change in order to ensure more adoption from the broader community. On the plus side Nasdaq has recently been very bullish on ico's and bitcoin in general.
Nasdaq chief executive Adena Friedman is bullish on cryptocurrency, though she says the “jury is still out” on which particular coin or token will ultimately be the one to experience mass adoption.
Speaking on the latest episode of CNN podcast Boss Files, Friedman said that cryptocurrency feels like the “right next step in the space of currency” because a “globalized payment mechanism” is a natural fit for the cross-border digital economy.
She said:
“How it evolves and which of the cryptocurrencies may or may not be the one that ultimately gets embraced, I think that really the jury is still out on that. But I do think the idea of a more globalized payment mechanism that is more efficient than what we have today allows for money to transfer across countries and certainly supports the Internet economy.”
As CCN reported, Friedman has said in the past that Nasdaq is exploring launching a bitcoin futures product designed to function as a long-term investment, and she has also expressed openness to opening a cryptocurrency exchange in the future once the market is more mature.