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Chainlink founder: The "net new buyers" in this bull market cycle come from the global financial system

Chainlink founder: The "net new buyers" in this bull market cycle come from the global financial system

2024/03/03 07:02

In a recent interview, Chainlink founder Sergey Nazarov stated that due to the influx of a large number of new buyers, the current cryptocurrency market cycle is unique, which may lead to a faster adoption of RWA tokenization than initially expected by the industry.

Nazarov emphasized that participants in the recent crypto market are not just retail investors reacting to mainstream media reports on cryptocurrency price fluctuations. The new buyers come from various sectors of the global financial system, forming a very large net new buyer group.

At the same time, Nazarov predicted that RWA tokenization will be the next trend in the crypto market: "The next phase is asset tokenization. Banks see all this money flowing into ETFs and then they compete with assets against ETFs or get some funds."

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