© Reuters. Crypto Growth Leads To Financial Collapse, Metalla Royalty CEO
- The emergence and growth of cryptocurrencies is paving the way for the next financial crisis.
- Blockchain technology is beneficial, says Brett Heath.
Metalla Royalty & Streaming CEO Brett Heath said cryptocurrencies are emerging with similar attributes without any uniqueness. Additionally, the emergence and growth of cryptocurrencies is paving the way for the next financial crisis.
First, there are thousands of cryptocurrencies available, a majority of which lack utility. Second, as the value of cryptocurrencies grows, the private sector will print more money while questioning the scarcity of digital assets.
Certainly, the massive adoption of a new financial product or a new technology are attributes that contribute to a financial collapse. Brett highlights the large-scale adoption in 2008 of asset-backed securities …
This article first appeared on coinquora.com
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