Over the course of the three-day event, Kelly was seen talking about a host of different issues including the state of the crypto current market as well as the future of this burgeoning domain. On the matter, he noted that the crypto industry was coming close to the end of a bear season, however, prices of premier altcoins could dip a little more before normalizing once again.
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We are starting to see some global macro players use Bitcoin as alternative etf bitcoin winklvaoss their gold position, or as a way to hedge against fiat currency fluctuations and volatility. For those of our readers who may not be aware, over the course of the past months, the US SEC has received a plethora of Bitcoin ETF applications including those from high-profile players such as the Winklevoss twins.
However, as things stand, none of these applications have yet been approved. As per the CNBC analyst, it will take at least another year before relevant authorities can settle all of the issues that persist in regards to the aforementioned offering.
Final Take Rounding off his talk at the conference, Kelly noted that in the coming few years, the world could possibly bear witness to yet another massive economic recession which would make cryptocurrencies more appealing to the masses than ever before.