Crypto’s Financial Innovators Rely on Community
— Traditional, Crypto, Gronager, Rely, Innovators, Community, Chainalysis, Funds, Industry, Stablecoins — 1 min read
Chainalysis CEO Michael Gronager says the first time he saw a crypto crash was the Great Recession of 2007-2008. Gronager said he was surprised when bitcoin tanked alongside the stock market. The difference is that crypto is maturing, Gronager believes, as it begins to react to the same economic forces and price movements that drive traditional markets. In the next 10 or 20 years, he believes crypto will be more tied to innovation-focused investments like tech or cloud computing. He said it's time for the cryptocurrency industry to come together as a community to educate lawmakers on why and how to audit those stablecoins, and create industry-standard certifications that provide some clarity to the dollar-pegged cryptocurrencies. Stablecoins have gotten a bad rap lately. Source