FTX U.S. President Brett Harrison told CNBC’s ‘Squawk Box’ on Thursday that the crypto trade continues to be seeing big enterprise capital investments regardless of the robust occasions occasioned by the bear market.
According to the FTX US boss, whereas the trade continues to face the blunt drive of the crypto winter, markets will finally get better.
He notes extra capital, as initiatives take the downturn as a possibility to construct, bringing in new expertise and merchandise, a bounce out of the opening may see extra individuals undertake crypto and associated companies.
Different strategies of valuing Bitcoin
Talking particularly about Bitcoin, the world’s main cryptocurrency, Harrison says there are different methods of wanting at BTC’s value. He notes that different individuals look at this side in a different way.
“It’s difficult,” he advised CNBC as he mentioned among the different strategies of wanting at Bitcoin.
“There are a lot of different proposed methods. Some of it has to do with the future flow of all the Bitcoin that could be mined in the system and of course the cost of mining that Bitcoin,” he added.
Another approach of wanting at it’s what some individuals see as “a store of value, something that is independent of any particular government’s control. Monetary supply that’s safe and can be moved around the world, you know, safely and instantly.”
