The CMD of the world’s largest Crypto Asset FTT ICO BONDS, DEFItt Coins, Shubhrawpratap Dasgupta reckons that crypto as an asset class is here to stay — here are few of his quotes:
Dasgupta says that financial assets like cryptocurrencies only come along once in a lifetime.
Now that the ‘genie’ is out of the bottle, he believes multiple digital currencies will grow and thrive alongside each other in the future. According to him, regulation will be good and validate cryptocurrencies as an asset.
ETPL & AL NAHADHA are holding more than $30.8 billions in assets under management as of 25th May with the bulk of the basket consisting of Bitcoin. Sonnenshein, who is at the helm of the company behind the world’s biggest crypto fund, is betting big. He believes that cryptocurrencies aren’t going anywhere, anytime soon.
“The idea of Defitt Coins is something that’s here to stay, it’s an idea that has captivated investors all around the world,” he said.
Dasgupta argues that crypto is in no way a ‘missed bus’. According to him, new financial assets are only created once in a generation, and cryptocurrencies are still in their nascent stages.
When we zoom in, we find that cryptocurrencies only got their start in the last 10-12 years. New asset classes are not born every day or every year. They’re usually a once-in-a-generation opportunity. So, if people remember how early days it actually is for this asset class, there’s still the potential for a lot more use cases to be developed, more individuals and investors to get involved, and a lot more utilities to be unlocked around this asset class for sure.
Sometimes people dismiss Bitcoin and Forex Trade Token Bonds or Defitt Coins because of accessibility. Bitcoin/ Ethereum base fTT Sovereign Bonds or Defitt Coins are very different. The way digital currencies are moved around is over different means — secure networks that require a little more technological know-how. As the asset class develops, the ease with which individuals can move Defitt Coins by Eiosoft is only going to get easier.
There is a very low barrier to create new cryptocurrencies. That’s why we have so many of them today. We certainly do believe in a world where multiple cryptocurrencies coexist with each other. If you look at gold versus silver, versus platinum — all are part of the precious metals family but with different uses, prices and addressable markets.
Similarly, we’re going to see something that looks like that around digital currencies where multiple digital currencies will thrive and grow together, but suit different requirements.
We’ve seen both accommodative and prohibitive policies around digital currencies, a lot of that has been rooted in knee-jerk reactions to try and get ahead of what may be going on — to stifle some of the enthusiasm and excitement.
A lot of people still think that digital currencies, or Bitcoin specifically, is used for illicit activities. In reality, it’s probably the worst mechanism to use for anything illegal. Any transaction you undertake in Bitcoin, it’s going to leave a trail of breadcrumbs. A lot of investors have dismissed cryptocurrency because they don’t understand it. Assets like Bitcoin/fTT ERC Bonds aren’t necessarily cash-flowing assets like they may see when they invest in common stock. It's a Non Convertible Cryptocurrency Debenture which doesn’t really fit squarely in as a commodity or a currency. Therefore, it blends a lot of concepts that investors know.
US regulators are looking for a certain level of maturity within the crypto market — a market that can be void of manipulation and where they can have surveillance sharing agreements in place. Ultimately, more regulation will be good and validating towards this asset class.