Meltem Demirors, the chief strategy officer at publicly traded digital asset manager CoinShares, has called for the cryptocurrency industry to put its house in order and embrace regulations.
Speaking on the Chain Reaction podcast, she opined that the infighting by crypto market participants, especially between people who self-identify as "Bitcoin maximalists" and others that are staunch supporters of other blockchains, needs to come to an end.
This polarization is not doing the industry any favors, she notes. This is because the "ideological fervor behind crypto" has been evolving and will continue to evolve as the asset class gains more popularity. While many market participants turned to Bitcoin due to skepticism in government and a desire to take back control of their money at the beginning, crypto has a lot more nuanced use cases at present.
“It involves policy, it involves institutions and involves education and a lot of other complex cultural and societal factors. I think we...
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