Despite the fact that cryptocurrency prices are tranquil and investors’ interest remains low, blockchain‘s potential to revolutionize and change industries continues to attract those eager to develop regardless of digital asset prices.
Blockchain’s inherent qualities compelled Lars Seier Christensen, the creator of Saxo Bank, to enter the field and launch Concordium, a blockchain project.
Christensen clarified that, through the incorporation of tech, new business models would be developed in the coming future. While this is true, the executive still believes that crypto’s investment scene doesn’t hold a candle to traditional finance– there are just too many projects Satoshi Nakamoto (the creator of Bitcoin) could’ve never predicted back when he started it all. With that said, Christensen also mentioned how some will still manage to succeed regardless.
As an early internet adopter with Saxo Bank, Christensen said that there was “a lot of nonsense” back in the day, and it’s comparable to the present condition of the market. Despite this, he has faith in technology.
“I believe that blockchain has more potential to improve our world than any other technology since the internet,” he said. The projects which only have hot air and hype will fail, but from their dust, great companies and projects will rise for the future economy. So, it is a healthy shake-out that the coming years will refocus investors on tech and science quality.
The executive stated that those coming from a background in traditional finance and expressed interest in the blockchain technology should have the guts to stick it out and be part of the development process.
He also provided some advice for individuals during the cryptocurrency winter, as well as some recommendations for investors. The Saxo Bank founder advised investors to do their research and thoroughly assess which projects are truly necessary.