Circle executive: “Last year was not like a crypto winter, but | ERC20 Official Crypto channel

Circle executive: “Last year was not like a crypto winter, but like an ice age”

In a post on the World Economic Forum (WEF) website, Dante Disparte noted the growing use of cryptocurrencies in the financial services sector. According to the specialist, the ongoing bearish trend in the cryptocurrency market, the bankruptcy of several crypto lenders and the collapse of the FTX exchange could subsequently be a boon for the industry, as these negative events will lay the foundation for more responsible and affordable investments.

“Remember how the dot-com bubble burst in the early 2000s, after which the future of the Internet was in the hands of companies with more sustainable business models. The past year has been very challenging, with one of the worst bear markets in the history of cryptocurrencies. Perhaps 2022 also marks the transfer of blockchain infrastructure and cryptocurrencies into safer hands,” wrote Dispart.