Austin King, a cofounder of the Omni chain, has published a tweet with a major crypto prediction. His tweet shows that he has just taken part in the XRP Las Vegas event, returning from it with a bullish mood on the future of crypto.
In his tweet, King shared several key points where, he believes, big changes regarding the crypto space will be made.
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King believes that positive changes will certainly transform the cryptocurrency space because he expects the U.S. government to establish clarity in this industry.
The fact that financial institutions are beginning to embrace Bitcoin, Ethereum and other altcoins both directly and via ETFs and/or Michael Saylor’s Strategy. Besides, he added, adoption and growth of the space are also “about to accelerate stability.”
For those who missed his talk at XRP Las Vegas, King offered a quick overview about the aforementioned bullet points. Over the past decade, he said, the crypto industry had to defend itself against various attacks from central banks, regulators and financial institutions, which overall did not believe in crypto’s future and opposed it.
Now, the largest financial institutions, such as BlackRock, Fidelity and even Tesla and SpaceX, have begun to appreciate the benefits of blockchain and crypto and allocate large amounts of funds into it. BlackRock has launched Bitcoin and Ethereum ETFs, and Tesla bought $1.5 billion in 2021 but has sold a lot of this stash by now.
King has called this stunning pivot a chance to create “by far the biggest opportunities” that he has seen over his eight years in the crypto space as a founder.
The Omni chain cofounder predicted that while, until now, crypto companies have been using good marketing, it has “failed to drive adoption.” Now, he says, crypto networks are starting to “lean into these new 100x mainstream opportunities,” and it gives them an immense advantage over those networks that still rely only on marketing.
“Over the next 2 years you'll see a significant amount of liquidity rotate from marketing based companies to projects that are clearly driving real world impact,” King predicted. “The global financial system is being rebuilt before our eyes,” he believes.
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