• Prominent crypto-investor predicts blockchain technology will evolve beyond its financial applications
• Amid significant growth, there is now greater demand for robust regulatory frameworks

In an interview with CNBC, Chris Dixon, a major crypto-investor and general partner at Andreessen Horowitz, shared an in-depth perspective on the rapidly evolving blockchain technology. Dixon forecasts a future where blockchain becomes a core component of the internet’s infrastructure.

“I think this technology is inevitable. I think this is the future of the internet.”

Blockchain beyond finance 

Dixon emphasized the distinction between “money crypto” like Bitcoin and DeFi applications, and “utility crypto.” Utility crypto encompasses a much broader spectrum of blockchain applications.

This expansive view of blockchain technology sees its potential stretching into domains such as gaming, social networking, and various other internet services. This marks a shift from its traditional image as a financial instrument.

The era of ETFs

A pivotal point of the discussion was the recent Securities and Exchange Commission’s (SEC) decision on a spot Bitcoin exchange-traded fund (ETF). Dixon views this development as a positive sign for the industry.

“Crypto has been a technology that’s controversial, and I think any institutional acceptance like the ETF is a good thing.”

He also expressed optimism for the future adoption of ETFs and other financial products within the crypto-realm, aligning with his dedication to nurturing entrepreneurs who are creating utility-driven blockchain applications.

.@

Go to Source to See Full Article
Author: Kamina Gilani

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details