Famed venture capitalist Fred Wilson says the crypto sector is shaping up to be one of the most significant elements of the global economy.
In back-to-back blog posts, the Union Square Ventures CEO reviews 2020 and makes his economic predictions for 2021.
While Wilson laments the economic devastation that lies in the wake of the Covid-19 pandemic, he also touches on some of the sectors of the economy that have benefited from the viral disaster in the past year.
“While it is inarguably the case that 2020 was a terrible year with a global pandemic, racial strife and ugly politics in the US, and an economic downturn that is impacting exactly the people who have already been hurt the most, it was an inflection point for the tech/startup/VC/crypto sectors and a very significant one. These sectors, which had been growing in their global importance over the last twenty years, all of a sudden have emerged as the most