{"id":389287,"date":"2022-01-04T08:48:12","date_gmt":"2022-01-04T05:48:12","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sbf-optimistic-about-institutional-crypto-adoption-in-2022\/"},"modified":"2022-01-04T08:48:12","modified_gmt":"2022-01-04T05:48:12","slug":"sbf-optimistic-about-institutional-crypto-adoption-in-2022","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sbf-optimistic-about-institutional-crypto-adoption-in-2022\/","title":{"rendered":"# SBF \u2018optimistic\u2019 about institutional crypto adoption in 2022"},"content":{"rendered":"

“# SBF \u2018optimistic\u2019 about institutional crypto adoption in 2022 <\/strong>”
\n<\/p>\n

FTX crypto exchange founder Sam Bankman-Fried is optimistic that clarity provided by regulators around the world will stimulate institutional adoption rates for crypto this and subsequent years.<\/p>\n

In a Jan. 3 interview with Bloomberg<\/a>, SBF talked about crypto regulations, institutional adoption, and the Metaverse. Despite the rocky end to 2021 for markets, SBF is \u201coptimistic\u201d about 2022.<\/p>\n

\u201cThe things that make me optimistic basically are more regulatory clarity in the US and globally which I think could help a ton on institutional adoption.\u201d<\/p><\/blockquote>\n

When asked how he thought institutional adoption of crypto could accelerate in the future, he responded, \u201cA lot of it depends on exactly what happ<\/a>ens on the regulatory front as well.\u201d<\/p>\n

His view on regulatory clarity encouraging more institutional growth in crypto echoes the views of Beili Baraki of Nansen and Nikos Andrikogiannopoulos of Metrika as reported by Cointelegraph on Jan. 3.<\/p>\n

He offered the possibility that if jurisdictions \u201cfeel like they\u2019re getting regulatory clarity,\u201d that adoption could come in a \u201ctidal wave.\u201d However, rather than the tidal wave scenario, \u201cit\u2019s going to be a long process, probably stretched out over a few years,\u201d he added. <\/p>\n

Additionally, he noted \u201ca lot of different governments announced that there will be regulatory frameworks coming out over the next year.\u201d Several governments have been hard at work sorting out their appropriate regulatory frameworks for cryptocurrency.<\/p>\n

Related: <\/em><\/strong>The number of countries banning crypto has doubled in three years<\/em><\/strong><\/p>\n

Another source of SBF\u2019s optimism seemed to come from the vigor with which institutions are starting to flood into the crypto ecosystem. He said, <\/p>\n

\u201cBasically every large financial institution I’ve talked to, every large bank, every large investment bank, pension funds, they’re all eyeing this sector.\u201d<\/p><\/blockquote>\n

When asked what a combination of cryptocurrency and the metaverse would look like, the crypto billionaire pointed out that with the billions of game<\/a>rs worldwide, nonfungible tokens (NFT) in video games will likely be one of the largest roles that crypto plays in the metaverse. <\/p>\n

There were about 3.2 billion gamers in the world in 2021 according to Statista<\/a>. However, the crypto gaming industry comprises just 1.2 million gamers according to DappRadar<\/a>. This suggests that the integration of cryptocurrency with mainstream gaming would provide a tremendous boost to global crypto adoption, reconfirming SBF’s prediction.<\/p>\n