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- CEO of LionTree, Aryeh Bourkoff highlights the exponential prospectus of cryptocurrencies in the year-end letter
- Furthermore the CEO hints at the firm’s own token, LionTree token of trust.
- Bourkoff highlights issues to be resolved regarding energy & regulations before they get main streamed.
The world of cryptocurrencies has been through a phenomenal year, from major currencies discovering new peaks to flash crashes to lower levels & the battle between various meme tokens to authoritarian regimes banning cryptos, we’ve seen it all. This year the crypto markets also witnessed wall street legends increase their crypto investments in their portfolios.
Recently, the CEO of a major investment & banking firm, LionTree’s Aryeh Bourkoff, in the year-end letter marked important the prospectus of the cryptocurrencies, while pointing out their exponential growth & scope of success offered, thereby referring to the constitutionDAO’s efforts to buy the NFT of the constitution of the United States, where more than $40 million was raised to pursue this goal.
LionTree specializes in industries related to the technology, media & telecommunications sector. In context, the CEO pointed out the potential of the new economy which the cutting edge technology facilitates by serving the communities to create lasting value, expressing the internet’s goal of empowering individuals & their uniqueness. Furthermore, Bourkoff further stated that the sector was impossible to ignore, with the overall market cap of cryptocurrencies hitting the $2 Trillion mark.
The CEO also happens to mention the fact, where cryptocurrencies help people with excess cash reserves to safeguard their value against inflation while also getting returns on their investments. However, it is also generally considered that crypto markets, on average, are more volatile in contrast to the traditional stock markets.
Aryeh Bourkoff further jumped on firm future crypto plans where the banker mentioned that they were exploring frameworks to start accepting cryptocurrencies as a means of payment while maybe introducing their own, LionTree Token of Trust in the late future.
Apart from the praises, he also listed concerns that needed to be resolved before the sphere got mainstream. He highlighted the concerns around energy where he mentioned that it was important for cryptocurrencies to become energy efficient while pointing out the fact that a transaction on the Ethereum blockchain uses more energy than an average U.S household does in a week.
The CEO also suggested crypto platforms adopt user friendly interfaces to encourage diversity & expand the user base from a predominantly male & tech-savvy population. While also stating that governments need to strike a balance between regulation & innovation where it is important to attract next-gen entrepreneurs instead of controlling through centralized currencies.
The LionTree seems to be all set to dive into the deep scope of the crypto sphere while it also has marked a successful 2021, having facilitated some large acquisition affairs, including the one between Amazon taking over MGM studios.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
