The chief investment officer at a digital asset investment firm is raising new questions over the future of crypto for one key reason.
Arca CIO Jeff Dorman says he believes Bitcoin (BTC) and many other digital assets are unlikely to see values increase from the explosion in the tokenization of assets.
Dorman warns there may only be a few beneficiaries from the latest big trend in blockchain use cases such as the New York Stock Exchange (NYSE) plan to launch a tokenized securities platform for 24/7 trading and stablecoin-based funding.
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Says Dorman,
“Crypto really in an existential crisis now. Everything we thought would happen on blockchain is now happening, but little if any of the value accrues to any stocks or tokens in our ecosystem.
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