News

FTX’s Sam Bankman-Fried: Institutions are ‘desperate’ for crypto

As FTX and Alameda Research increasingly enter the public eye, one side effect is that the decabillionaire is himself a growing public figure. Especially after a significant donation to Joe Biden’s campaign for the US presidency, some observers hoped that SBF would come to serve as a kind of professional lobbyist on behalf of the crypto ecosystem. While he says he’s open to discussing his views, he’s not trying to work the edges or sell anyone a used car:Another hot topic of conversation is the growing push towards institutional adoption. While Bankman-Fried says that institutions are increasingly “desperate” to get involved, they’re not always entirely sure what that looks like or what, exactly, they’re aiming to do. As a result, the process is one of feeling things out at times. Finally, he weighed in on the layer one battles between Ethereum and Solana. While Ethereum maximalists are quick to point to the developer and ecosystem moat, SBF wonders how unassailable that moat truly is. When it comes to genuine widespread adoption, it’s important to differentiate between blockers that can be overcome, and blockers that — like scalability — are more stubborn. Watch the full video on Cointelegraph’s YouTube channel and don’t forget to subscribe!

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button