Our CEO, Ivo Georgiev, just spoke to Bitcoin .com News about the current state of crypto adoption, development, and regulation. Here's a short thread with key points from the conversation.
A 2024 report reveals that 40% of adult Americans own crypto, up from 30% in 2023. Ivo thinks the main contributing factor to the rise in adoption is the launch of the spot ETFs, which have given $BTC and $ETH much-needed legitimacy in the eyes of the public.
Is the current pace of infrastructure development sufficient to conveniently accommodate the industryâs adoption rate?
According to Ivo, too much effort and funds are spent on infrastructure, and not enough resources are dedicated to attracting the next wave of users.
Ivo is confident Ambire Wallet helps to accelerate crypto adoption by offering users the ability to:
đ Create self-custodial crypto wallets using email and password only
đ Recover the wallets should they forget their passwords
đ Use any token to pay network fees on any EVM chain
Are regulators moving fast enough, or are they hampering innovation in the crypto industry?
According to Ivo, most of the Western world is overregulating and lacks the knowledge needed to protect users effectively.
