John Mack, a former CEO at the major US-headquartered investment bank Morgan Stanley, suggests that bitcoin (BTC) and crypto may become a part of the increasingly digitized world of trading – and many of us may live to see it.
Talking to CNBC about whether Wall Street would become digitized in the future, Mack said that he does not think “it goes away,” but that it will change “dramatically.”
“Take crypto. It’s hard for me to understand why does it have value,” he said and added:
“So 50 years from now, maybe that will be a huge way that monetary transactions take place.”
Crypto is easy to wire, Mack argued. As everything is online, people don’t need to worry about putting their money in banks, but “you got to make sure it’s insulated, protected, and no one can break into it,” he stated.
That said, he went on to suggest that, in the not-so-distant future, crypto and digitization in the world of trading may be the norm.
“Fifty years from now, I think things will be even more...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...