Crypto hedge fund veteran Su Zhu thinks widespread adoption of cryptocurrencies is inevitable as macro occasions speed up use-case situations for blockchain applied sciences. In a brand new episode of the Unusual Core podcast, the CEO and CIO of cryptocurrency hedge fund Three Arrows Capital says that one consequence of the US-led sanctions towards Russia for invading Ukraine is likely to be that some nations don’t go together with the prevailing tendencies.
” I believe what’s prone to occur is a short-term victory for the West the place Ukraine will get the higher finish of a take care of Russia, however then in the long term, you will note international locations actually aggressively transfer away from overdependence on the present monetary programs. The macro stuff is to grasp the way in which the opposite conventional monetary individuals view it… Principally to get within the mindset of a vacationer on this market, how they give thought to whether or not or not they need to personal Bitcoin, or in the event that they personal Ethereum.”
The Three Arrows Capital CEO concludes by saying that the Russia-Ukraine battle has served as a defining second in establishing cryptocurrencies as a disruptive pressure.