Cryptocurrencies are attracting more investors every year, and institutional demand is also growing in the current period.

🚀The future of cryptocurrencies:

Michael Hsu, chairman of the U.S. Office of the Comptroller of the Currency (OCC), just recently said that interest in cryptocurrencies is declining. If he is referring to the decline caused by bear markets, someone should show him charts of cryptocurrency cycles)

However, what he was trying to emphasize is that cryptocurrencies are a complete mess but their technology is a blessing💸

According to him, tokenization of assets is extremely useful and intriguing. Describing himself as a critic of cryptocurrencies, Hsu said that after talking to global financial institutions, technology companies and other regulators over the past few years, he has seen a growth divide between real asset tokenization and cryptocurrencies.🛡

“They tend to act based on the hope of speculative gain. The primary motivation seems to be profit-oriented, while interest in cryptocurrencies is centered on making money.”

Blockchain and tokenization:

Products created by crypto developers are now appearing in many areas.

For example, the idea of blockchain-based currency is now being adopted by governments. Identity services supported by zk blockchain solutions are being explored.

Or we can think about bonds issued through asset tokenization.

But the problem is that what they see as a useful aspect of cryptocurrency is issued by the crypto industry itself, and that can't be shared.

🔹Chainlink is currently running blockchain tests with Swift.

With Chainlink's own service, it is helping big companies in tokenization. Giants like JP Morgan are exploring how DeFi can be applied to their traditional systems in the future.⚙️

Hsu, who fails to realize that when the crypto industry ends, the same thing happens with blockchain-based innovation, inspiration, products and revolutions, said the following:

“When I talk to people, interest in tokenization is growing because it solves a problem, while interest in cryptocurrencies is declining. Some say that tokenization of real assets can provide significant savings, including up to $5 billion in equity settlement. However, this is just crypto speculation “.

🤫Therefore, based on all of the above, we can fully say and confirm the already well-known fact that cryptocurrency is the future, and those who entered it now, in the near future will definitely not regret!

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