21Shares CEO: As cryptocurrencies go mainstream, the global order will reach an “inflection point”

PANews reported on December 6 that according to The Block, executives from 21Shares, Coinbase and SkyBridge Capital talked about the topic of cryptocurrency entering the mainstream this year at the Emergence conference on Friday. Hany Rashwan, co-founder and CEO of 21Shares, said on Friday: "We haven't seen such a turning point in the global order for a long time. The status of the US dollar as a reserve currency is under threat. We have seen this from the Eurobond and oil crises, and we have survived these challenges. Therefore, we may be entering a period of 5 to 20 years during which many people will make major moves, and we will wait and see what the results are."

Daniel Seifert, vice president and regional managing director for Coinbase Europe, the Middle East and Africa, said: "A large number of well-known corporate and institutional players from the United States have poured their energy into this project and activated the distribution network here." John Svolos, head of research at SkyBridge Capital, said that the increase in the adoption of stablecoins has also driven overall cryptocurrency demand.