“Crypto is increasingly becoming a long-term safe haven for future generations,” says Stephen Ehrlich, CEO of Voyager Digital.
Managing a cryptocurrency business is a challenging task that is not for the faint of heart. However, patience is the key, according to Stephen Ehrlich, co-founder and CEO of Voyager Digital, and the rewards will come in the long run.
Many people have put effort and money into building cryptocurrency-related businesses. According to reports from 2021, venture capitalists made over $30 billion in investments. According to Ehrlich, these VCs and private enterprises will be rewarded in the long run for their faith in cryptocurrency. Furthermore, he believes that public company investors will benefit as well.
“Bitcoin beat all major asset classes in 2021, outperforming crude oil, the NASDAQ, the S&P 500, and gold.” Furthermore, the number of ‘hodlers’ is increasing, indicating that crypto’s long-term sustainability.”
The co-founder of the publicly traded crypto trading platform also points out that the crypto ecosystem’s general expansion is manifested in the launch of benefit packages that allow employees to accept a portion of their wages in Bitcoin (BTC).
“Such widespread adoption is a fantastic sign: individuals are not only willing to buy and trade cryptocurrency, but they’re also willing to labour for it.” As a society, we’re moving in the direction of cryptocurrencies as a more reliable store of value.”
When asked if running a cryptocurrency business is profitable, Ehrlich eagerly revealed his own company’s experience. “Our most recent quarter was our greatest ever,” he continued, “so I certainly believe now is a terrific moment to be in crypto.”
“Crypto is becoming more and more of a long-term safe haven for future generations,” Ehrlich argues, as global inflation reaches new highs and the US national debt rises.
Cryptocurrency has a number of advantages, one of which is that it promotes economic equality. The CEO of Voyager emphasises that crypto provides access to investor sectors that have been left out of previous booms. As he emphasises the significant advantages present within this area, Ehrlich sees being able to create opportunities to build wealth for this sector as “immensely fulfilling.”
While there are many positive aspects to crypto businesses, they also confront problems. Cryptocurrency legislation and rules are one of them. However, according to Ehrlich, the majority of the industry’s problems are a direct outcome of its success. He points out that:
“The crypto business can thrive with a broader, more comprehensive regulatory architecture designed expressly for digital assets.”
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
