Non-fungible token (NFT) strategist and founder of Saint Rock Media Kalah Haley makes her paychecks by analyzing where the NFT market will go. NFTs, while not necessarily cryptocurrency, are arguably crypto-based given that they are tokens running on blockchain and they can sometimes be used as collateral to gain crypto.
Kalah Haley on the Future of the Digital Asset Space
In a recent interview, Haley said that while she feels digital assets have a lot of potential and are here to stay, they need to change their directions up a bit given they’re not really going anywhere at the time of writing. She also said that a lot of people out there have the wrong idea about crypto, and thus more education may be the answer. She stated:
I think a lot of people have a pretty bad misconception.
The biggest thing, in her opinion, is blockchain technology. She believes blockchain is going to be what companies and individuals really take to in the coming years, and that if crypto has anything to offer, this technology is it. Haley stated:
The base layer technology that we’re talking about is blockchain technology. The firstborn child use case of blockchain technology is cryptocurrency. So, usually, when I’m having this kind of conversation, I love to kind of have a first-principles conversation around the use case and the efficacy of blockchain technology. Cryptocurrency is a use case of blockchain. So, um, cryptocurrency is not going anywhere.
She also mentioned that she’s a huge fan of bitcoin, and that she feels it’s the only digital asset out there today that really has anything to present. She loves that it’s fully decentralized and uncontrolled by a single entity. She also states it was the first crypto to come to the market, and that as the biggest one and the daddy of all follow-up altcoins, it has the most chance of integrating itself into modern society.
She said:
I think bitcoin is a good bet, simply because it’s the most decentralized. No one controls it. That’s also why bitcoin is also the hardest to build on top of because no one controls it, and no one is in charge of actually maintaining it. Like, the technology is fantastic. No one owns it, so bitcoin is [quite] safe, in my opinion.
Tim Draper Also Likes BTC
She is not the only analyst out there that thinks the world of BTC. Despite the bearish market of 2022 and the fact that bitcoin fell by more than 70 percent from its November 2021 all-time high of $68,000 per unit, many investors and capitalists – including Tim Draper – think the currency is going to explode at some point in 2023.
Draper went so far as to claim that bitcoin will end the present year at a price of around $250K.
Source: Read Full Article