Anthony Pompliano, the Co-Founder of Morgan Creek Digital was interviewed by CNBC, along with Meltem Demirors, the CSO of Coinshare. Morgan Creek Digital is a subsidary of Morgan Creek Capital Management that specializes in crypto asset investment.
Pompliano said that jurisdictions are slowly but surely embracing crypto coins and those that do will be leaders of a large global movement. After that, other countries will try to enter the race.
As Bitcoin and cryptocurrency as a whole are gaining users and interest, regulations and negative opinions on the digital currencies by authorities intensified. Regulators are intensively started to go harsh on cryptocurrency. The wave of scrutiny came after Facebook’s announcement of its new crypto project, Libra, last month. The United States authorities even went as far as saying that crypto coins were a national security issue.
Pompliano assured that large counties at some point are going to adopt crypto coins and they will compete with each other strategically in order to benefit from the technology the most. In addition, Pompliano brought up countries like Singapore that accepted the new technology and made a step to regulate cryptocurrency in the country.
On the other hand, Demirors stressed the importance of the United States finally regulating Bitcoin and cryptocurrencies. These regulations will protect investors that utilize exchanges for crypto transactions.