According to Odaily, Yoshitaka Kitao, the Executive Director and China Head of Mizuho Bank, discussed his thoughts on the role that blockchain technology and digital currencies would play in future economic growth at the World Economic Forum's 15th New Leaders Annual Meeting, which took place from June 25 to June 27. He said that although there is a lot of room for growth in these sectors, it would take time for them to expand and thrive.
He gave an explanation for this, saying that anything cannot just be decided by a few investments; rather, it must be used in actual economic situations in order to be classified as a currency. As a result, these technologies need time to gain traction with the general public before accomplishing their aim.
This viewpoint emphasizes how blockchain technology and digital currencies have the potential to significantly impact the future of the world economy, but it also stresses how these technologies will require time and patience to completely develop and become integrated into daily economic activity.