您现在的位置是:John Mack says crypto could play a huge role in the future >>正文
John Mack says crypto could play a huge role in the future
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛717人已围观
简介Former Morgan Stanley CEO John Mack believes that cryptocurrencies could become crucial to the monet...
Former Morgan Stanley CEO John Mack believes that cryptocurrencies could become crucial to the monetary system in the future.
John Mack, a former CEO of Morgan Stanley, spoke at length with CNBCabout his new book, ‘Up Close and All In: Life Lessons from a Wall Street Warrior.’
In his book, Mack talked about the cryptocurrency market and its possible impact in the future.
When asked whether digitalisation would take over Wall Street, Mack said the digital world would become a huge part of the financial system. However, he believes that the traditional financial ecosystem will still be around.
Regarding cryptocurrencies, Mack said even though he doesn’t understand why they have value, he stated that they could become huge in the global financial ecosystem. He said;
“For me, it is hard to understand why it has value. So, 50 years from now, maybe that would be a huge way monetary transactions take place. It’s easy to wire, you don’t have to worry about putting your money in the bank, and it’s all on a computer. You also have to make sure it is insulated and protected so no one can break into it.”
Mack added that 50 years from now, he believes things will be even more electronic. The market would be driven more by input from humans into computers on how to trade, how to take risks and to make sure they don’t go over their limits.
The former Morgan Stanley CEO admitted that he still owns some bitcoins. Mack said he has also invested in some hedge funds that have exposure to cryptocurrencies. He added that his family office also has some outright positions in cryptocurrencies.
Earlier this year, analysts at Morgan Stanley predictedthat Bitcoin could correct by almost 50% from its all-time high, citing $28,000 as the floor price.
However, Bitcoin has dropped below that price and reached a low of around $18,000 in recent weeks.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/644775.html
相关文章
AXS is up by more than 2% today
John Mack says crypto could play a huge role in the futureThe cryptocurrency market has lost more than $200 billion over the past 24 hours.The crypto market h...
阅读更多
XRP leads crypto bounce with 4% uptick: here’s why
John Mack says crypto could play a huge role in the futureXRP price was up 4.5% to above $0.52 after bouncing from recent lows of $0.47.Judge Torres only gran...
阅读更多
Nitro League updated its racing roadmap
John Mack says crypto could play a huge role in the futureNitro League introduces the Nitro garage and an exclusive land sale in its updated roadmap.Nitro Lea...
阅读更多
热门文章
- Entrust Australia Partners With Hedera Hashgraph
- Ethereum (ETH) falls below the important $2800 support zone
- Monero price jumps 14% as bullseye yearly highs around $120
- UST’s crisis is destructive
- BTC/USD holds $11,000 support but bears are desperate for further damage
- Avalanche price prediction as bullish comeback fades
最新文章
Indian social token GARI announces listing on CoinDCX
Harmony (ONE) is recovering after a brutal week
Elrond Based Cantina Royale to Launch Free
Lens Protocol launched by Aave Companies to power decentralised social networks
Weekly Roundup of Cryptocurrency News 05/03/2022
API3 is up 14% in 24 hours: where are the best places to buy it?