Industry accelerated much faster this year than we expected - News

The pace of acceleration of the crypto industry in 2021 surprised many, including Marcus Swanepoel, CEO of the cryptocurrency exchange Luno. Swanepoel recently noticed: "We knew that it would come, but not so quickly, especially in certain sub -sectors such as NFTS and some old coins."

sub-sectors at the top of your hype cycle

The acceleration of the crypto industry in 2021 surprised some actors in the industry, including Marcus Swanepoel, co-founder and CEO of the crypto exchange platform Luno. Although Swanepoel finds that this acceleration was expected, he nevertheless admits that the pace of growth was not expected.

In comments publishes des Daily Maverick, the CEO expresses what could have caused the rapid acceleration.

"The industry accelerated much faster this year than we expected. We knew that it would come, but just not as quickly, especially in certain sub -sectors such as NFTs and some old coins," Swanepoel is quoted.

swanepoel believes that some of the sub-sectors are probably at the "tip of their hype cycle" and will probably cool down in the next cycle. The CEO also complained that "less than 90% of what people see" [in the crypto industry] is actually useful or legitimate. "

CBDCs that are an advantage for crypto

In addition to his thoughts on the growth of the crypto industry and on Lunos Journey since its foundation acquisition from the Digital Currency Group, Swanepoel also commented on the perceived threat of cryptocurrencies by the digital currencies of the central banks (CBDC). He explained that many governments are apparently interested in spending CBDCs or experimenting with it, but that it will actually take several years for such digital currencies to be fully introduced.

In the event that many countries manage to introduce a functioning digital currency, Swanepoel argues that this will be an advantage for crypto and leads from:

But if you make it [governments], this would be very advantageous for crypto, since it would only increase the easier entry and exit from decentralized crypto like Bitcoin.

On the regulatory side, Swanepoel points out that the progress in the creation of suitable regulatory framework has only progressed very slowly worldwide. In the same interview, Swanepoel also joked how China's hard action against Bitcoin mining led to this activity was shifted to North America.

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Terence Zimwara

Terence Zimwara is an award -winning journalist, author and author in Zimbabwe. He wrote in detail about the economic problems of some African countries and how digital currencies Africans can offer an escape route.

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