Citing an interview in dailymaverick.co.za, Terence Zimwara reports in bitcoin.com that Marcus Swanepoel, CEO of cryptocurrency exchange Luno as saying that “we knew it was coming, but just not that fast, particularly in certain subsectors like NFTs and some altcoins.”
Highlights of his interview:
The speed in the crypto industry was expected but the pace in 2021 far exceeded all the expectations.
But he is also of the opinion that some of the sub-sectors of crypto are overhyped and likely to cool off in the next cycle, without naming the sub-sectors.
He also thinks that “less than 90% of what people see [in the crypto industry] is actually useful or legitimate.”
About regulators, he thinks that "they are being constructive to help" the crypto industry "but understandably moving relatively slowly."
Source credit and full story - https://news.bitcoin.com/luno-ceo-industry-accelerated-a-lot-faster-this-year-than-we-anticipated/
Do you have any idea what the overhyped sub-sectors of crypto industries are?
I feel that saying “less than 90% of what people see [in the crypto industry] is actually useful or legitimate.” is an exaggeration. What is your take?
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