Cryptomustar
Saturday, May 21, 2022
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
Cryptomustar
No Result
View All Result
Home Bitcoin

Crypto infrastructure “far from” scale needed to support $1t Bitcoin or Ethereum

by admin
October 4, 2020
in Bitcoin
0
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Bitcoin Pizza Day: Celebrating The $300-Million Pizza Order – And Other Fun Facts

Cyprus Drafts Regulatory Framework For Cryptocurrencies


Crypto infrastructure “far from” scale needed to support $1t Bitcoin or Ethereum

Bitcoin, Ethereum, and altcoins have seen rapid growth this year. BTC in and of itself was up nearly 100 percent just weeks ago while certain altcoins have surged literally thousands of percent.

This trajectory has made many analysts and fund managers in the space confident that cryptocurrencies will start nearing $1 trillion market capitalizations.

As reported by CryptoSlate previously, DTC Capital’s Spencer Noon commented on the path of the industry:

“The strong fundamental backdrop to #crypto — which is unlike any bull market previously — is that there are billions of cryptodollars coming on-chain to use #DeFi. Unless that shows signs of slowing, we are on track for a multi-trillion dollar aggregate marketcap for the space.”

This came shortly after Chris Burniske of Placeholder Capital argued that the leading cryptocurrency, Bitcoin, and Ethereum were both poised to surge to $1 trillion market capitalization

According to Arjun Balaji of Paradigm, though, this may not be the case.

He recently released an extensive personal blog that suggests that crypto market infrastructure and its underlying structure is not at a point yet where it can facilitate such inflows. The blog was celebrated by many others in the space who agreed with the sentiment he put forth.

Crypto not ready to support Bitcoin, Ethereum, altcoin market caps in the trillions?

In the blog, entitled “Crypto Market Structure 3.0,” he explained that crypto purportedly is far from a point where it will be able to support multi-trillion-dollar crypto assets:

“The crypto market structure has gone through two significant evolutions over the first decade. Despite rapid innovation, the market is far from maturity or the scale needed to support a multi-trillion dollar market cap.”

Ethereum is a good example of this assertion. As we saw with the launch of Uniswap’s UNI token, the blockchain quickly became unusable as the cost of gas hit 1,000 Gwei, meaning simple transactions on the network cost dozens of dollars.

Change is coming, though.

Balaji explained that the crypto market is in the midst of the early stages of a “structural evolution” that will bring capital efficiency and systems to bridge CeFi to DeFi. This change will transpire if the following trends form:

  • Crypto will get dedicated prime brokerages to enable “clients to margin across venues and cold storage” to “speed up trade lifecycles by moving transfers off-chain.”
  • A repo market will be developed that will allow institutions within the crypto space to borrow cash on a short-term basis.
  • DeFi will become frictionless and will have a similar or better user experience than centralized finance platforms.
  • Non-custodial trading will become normalized as users realize that fees and the spread may be lower on decentralized exchanges as opposed to centralized ones.
  • Institutions will be entering the decentralized finance space.

Like what you see? Subscribe for daily updates.





Source link

ShareTweetShare

Related Posts

Bitcoin Pizza Day: Celebrating The $300-Million Pizza Order – And Other Fun Facts

Bitcoin Pizza Day: Celebrating The $300-Million Pizza Order – And Other Fun Facts

by admin
May 21, 2022
0

What a peculiar combination: bitcoin and pizza. Nonetheless, an entire day has been designated for each of these occasions....

Cyprus Drafts Regulatory Framework For Cryptocurrencies

Cyprus Drafts Regulatory Framework For Cryptocurrencies

by admin
May 21, 2022
0

A government official stated that Cyprus has drafted its own legislation to handle crypto assets and is likely to...

It Was Not A Bitcoin Event. Then, Why Were The Central Bankers In El Salvador?

It Was Not A Bitcoin Event. Then, Why Were The Central Bankers In El Salvador?

by admin
May 21, 2022
0

The week started with central bankers and financial authorities from 44 countries arriving in El Salvador. The mainstream media...

MicroStrategy Stock Rallies 10% As CEO Saylor Predicts Bitcoin Will ‘Go Into The Millions’

MicroStrategy Stock Rallies 10% As CEO Saylor Predicts Bitcoin Will ‘Go Into The Millions’

by admin
May 20, 2022
0

According to Thursday’s reports, the recent decline in bitcoin’s value has not altered the investment tactics of MicroStrategy. MicroStrategy...

The UK Goes Lightning: CoinCorner Offers The Bolt Card, Contactless BTC Payments

The UK Goes Lightning: CoinCorner Offers The Bolt Card, Contactless BTC Payments

by admin
May 20, 2022
0

The future is now.  CoinCorner’s the Bolt Card is a contactless and convenient debit card that lacks a screen....

POPULAR NEWS

4 Cryptocurrency that Blow Bitcoin Out of the Water

4 Cryptocurrency that Blow Bitcoin Out of the Water

September 25, 2020
Memoriae – Next Generation of Decentralized Cloud Storage Based on Blockchain

Memoriae – Next Generation of Decentralized Cloud Storage Based on Blockchain

July 1, 2021
Apollo CBDC: The CBDC Platform that can Power Economies

Apollo CBDC: The CBDC Platform that can Power Economies

October 6, 2020
Stratus: The Most Feature Rich Social Media Network

Stratus: The Most Feature Rich Social Media Network

September 9, 2020
Binance Coin (BNB) erupts above $270 as the whole Smart Chain ecosystem soars

Binance Coin (BNB) erupts above $270 as the whole Smart Chain ecosystem soars

February 19, 2021

EDITOR'S PICK

Indian crypto bill unlikely to be introduced in parliament this winter, report says

Indian crypto bill unlikely to be introduced in parliament this winter, report says

December 31, 2021
Bitcoin Snaps 6-Day Losing Streak, Holds Above $40K

Bitcoin Snaps 6-Day Losing Streak, Holds Above $40K

January 9, 2022
Si vivieras en Cuba bajo un embargo económico, entenderías Bitcoin

Si vivieras en Cuba bajo un embargo económico, entenderías Bitcoin

March 8, 2022
Bitcoin, Ethereum, Crypto News and Price Data

This Overlooked Crypto Tax Provision Would Be a Disaster

October 2, 2021

About

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Follow us

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Press Release
  • Regulation
  • Uncategorized

Recent Posts

  • MoonForce: The Next Generation Crypto Multiverse
  • Build Defi – Crypto asset aims to decentralize the real estate market and the real economy
  • SCROOGE Aims To Dominate Reflection/Gaming Token Industry, With Beta Casino Set For Release In Q2 2022
  • US Congress introduces record number of crypto related bills
  • About Us
  • Privacy Policy
  • Contact Us

© 2020 cryptomustar.com

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO

© 2020 cryptomustar.com

  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • yfBetayfBeta(YFBETA)$4.27-0.10%
  • IDLEIDLE(IDLE)$1.44-12.39%
  • WPP TokenWPP Token(WPP)$0.006826-3.49%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Werewolf CoinWerewolf Coin(WWC)$0.098082-2.58%
  • PolkaBridgePolkaBridge(PBR)$0.439784-6.92%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • EvidenZEvidenZ(BCDT)$0.122949-3.85%