NASDAQ CEO Believes Crypto Will Become The Global Currency of The Future


During a recent post made in Linkedin, Adena Friedman, CEO of NASDAQ, stated that cryptocurrency would lead towards groundbreaking innovation that will make it highly possible of becoming a part of the worldwide economy.

“The invention itself is a tremendous demonstration of genius and creativity, and it deserves an opportunity to find a sustainable future in our economy. We would argue that two key ingredients to establishing a practical utility and a more stable value are governance and regulatory clarity – both of which are antithetical to the original intent as a decentralized, ungovernable global currency.

Friedman further elaborates that NASDAQ is fulfilling its on part on solidifying the future of crypto technology. She believes having a responsible regulation will lead to this future.

“And yet, as with exchanges, transparency and fairness are the keys to trust, and without some level of oversight and regulation, it is not possible to demonstrate a level of transparency and fairness that will build trust.

At Nasdaq, we are working to help cryptocurrencies gain investors’ trust by offering our technology for trade matching, clearing, and trade integrity to start-up exchanges. We have also invested in ErisX, an institutional marketplace for cryptocurrency spot and futures. While this year will be another proving ground for cryptocurrencies, we believe digital currencies will have a role in the future. The extent of its impact will depend on the evolution of regulation and broader institutional adoption.”

Even with it’s massive potential, Friedman does state that the future of crypto is uncertain, and two potential paths continue to remain for its future stance.

“With several thousand competing cryptocurrencies vying for investor attention, the world of ‘crypto’ has gone through the first phase of the classic invention lifecycle, marked by early pioneers, followed by hype, followed by proliferation of newcomers and then a dose of reality. What comes next is one of two outcomes:

1) Either the innovation finds practical utility followed by years of steady and sustainable commercial progress and integration into the economic fabric (e.g., the Internet); or

2) The invention fails to achieve broad adoption and its commercial applications as medium of exchange are limited (e.g., the Segway).”

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Our Thoughts

The potential of cryptocurrency continues to rise during each passing year we continue to chug along with this amazing form of currency. Even large business such as Nasdaq are realizing the massive potential cryptocurrency has and it definitely shines a positive light for the future of crypto.


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Keith Wang

Keith Wang is a writer and programmer specializing in bitcoin and blockchain technology. Keith has been a long time believer of bitcoin and blockchain technology and spends his free time following up with blockchain news. You can contact Keith at keith@cryptomenow.com

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