Fireblocks CEO: Banks Must Embrace Crypto or Face Disruption; Sees Stablecoins and Decentralization as Future
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Fireblocks CEO Michael Shaulov says banks must adapt to crypto and blockchain or face disruption.
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Shaulov sees stablecoins eclipsing speculative crypto trading. Differentiates between stablecoins backed by liquid assets vs bank deposits.
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Shaulov says centralized finance market infrastructure needs to figure out decentralization.
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Shaulov sees crypto adoption as inevitable and bottom-up, urges regulators to keep pace.
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Personally, Shaulov sees Bitcoin as insurance against government system failure, not for day-to-day transactions.