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Chainlink, one of the largest altcoins by market value, has seen its founder Sergey Nazarov make significant statements. While altcoins that rose yesterday have turned red again today, a significant portion of the double-digit weekly gains are still being preserved. Due to the upcoming halving, the risk appetite of BTC investors remains strong, and BTC is finding buyers above $61,000.
Chainlink and the Future of Cryptocurrencies
Chainlink‘s founder Sergey Nazarov, in his latest interview, touched upon the ongoing rise of cryptocurrencies. Answering the real question at hand, Nazarov characterizes the current bull season as unique. The reason is quite clear, and as we have often stated, we see a very diverse group of investors rushing to cryptocurrencies in the latest demand wave.
Speaking to Bloomberg on February 28, Nazarov said that newcomers to the crypto market go beyond individual investors who react to price fluctuations in cryptocurrencies featured in mainstream media. In previous cycles, we used to see massive price rallies driven by an influx of new individual investors.
“The question that needs to be asked is who the net new buyers are in this cycle, and the net new buyers are the global financial system, which is a very, very large group of net new buyers.”
Contrary to some conspiracy theorists, Nazarov says that spot Bitcoin ETFs are still at the beginning of triggering new mass demand.
“The Bitcoin ETF is the beginning for the global financial system to have fundamental investment and payment methods for Bitcoin within the structures they find comfortable.”
RWA and LINK Coin
As we often mention, due to its work in the field of tokenization, Chainlink has significant long-term growth potential. With the strength coming from both CCIP and partners like Swift, RWA can also enable LINK Coin to get its share from the trillion-dollar growth area.
“The next stage is for banks to see all these entries into ETFs and then to compete with ETFs. They will focus on asset tokenization to capture some of this capital.”
Experts believe that moving real-world assets to the blockchain will access a trillion-dollar new market. And already, networks like Ethereum and Chainlink are testing tens of millions of dollars worth of asset issuance.
