The CEO of Abra, Bill Barhydt, predicts that the cryptocurrency market will have a big breakthrough soon. Basically, Barhydt expects it to grow to an enormous trillion in total value ten years from now, after increasing by nearly 2,000% from the current value of around 2.5 trillion.
In his interview with Anthony Pompliano, Barhydt highlighted the tokenization of real-world assets as the main reason for this huge growth.
Tokenization involves the issuance of digital tokens to represent traditionally known assets such as stocks, bonds, and real estate into a blockchain network.
“I do think you’re going to see real-world assets become tokenized, especially starting outside the US, and you’re going to have all these investment services that basically make them all fungible, meaning I can hold real estate, I can hold stocks, I can hold bonds, I can hold native crypto, and they’re all fungible because they’re all tokens I can trade across each other or borrow against.”He stated.
He thinks tokenization in the financial sector has a lot of advantages. In the interview, Barhydt envisions a time when investors will have more options and may even be able to purchase properties they were previously unable to.
Furthermore, the tokenization of assets may point to global credit opportunities that may be adopted; these implications would not only be enlightening for poor countries but also represent a change that could improve the borrowing environment.
Also Read: US Justice Department Charges Roger Ver with Tax Fraud
