Flori Marquez, Co-Founder of BlockFi cryptocurrency custodian, expects FOMO will be the key factor that drives digital asset adoption over the next year. She said that two other elements are the talent shift from traditional industries to crypto and regulatory clarity.
FOMO will be a “Huge Driver”
Flori Marquez, Co-Founder of BlockFi and Senior Vice-President of Operations, stated that the digital asset market has grown so much that many Americans will feel Fear of Missing Out (FOMO), in a recent interview with Yahoo Finance. This will be a major factor in allowing many investors to enter the crypto market and accelerate its adoption.
“We will see more Americans enter this space for the first-time,” said Mr. FOMO is going to be a major driver.
Marquez stated that people are more open to bitcoin and other altcoins than they were five years ago. She claims that 1 in 10 Americans will give digital assets as Christmas gifts to their family or friends this year, while 2/3 prefer talking about cryptocurrency.
“And I think that crypto is a little more digestible than it was five or six years ago.
Flori Marquez Source: Twitter
Talented people moving to crypto
Marquez says that the second factor driving adoption in the next year will be “talent shifting.” This refers to the fact that many experts have left their jobs to seek out more lucrative opportunities.
BlockFi’s boss believes that cryptocurrency-related companies and fintech firms are attractive options as both fields present long-term solutions:
“Crypto and fintech have been a great attraction to people who are looking to learn new skills and grow their careers.” Therefore, I believe that there will be more talent moving from traditional industries to crypto and fintech.
Regulations will be beneficial
A comprehensive regulatory framework for the industry is the last thing that can guide crypto’s adoption over the next 12 month. Marquez believes that investors and companies will feel more secure if the US watchdogs solve the problem.
Michael Saylor also believes the same. MicroStrategy CEO, Michael Saylor, stated that transparency in the space would positively impact bitcoin and other coins, and institutional adoption would accelerate soon after. He stated that proper rules could reduce volatility in Bitcoin and increase its popularity with the general public.
There is an urgent need for clarity. Clear regulations in crypto would decrease volatility and increase confidence in bitcoin.
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