Bank of America strategist Haim Israel, one of the largest banks in America, expressed that Metaverse is a great opportunity for the cryptocurrency industry.
Haim Israel said that Metaverse will open up great opportunities for blockchain technology, as well as lead to the introduction of digital assets for financial transactions. Apart from that, private tokens have high volatility, Stablecoins like Tether (USDT) and USD Coin (USDC) may have more dominance. stated.
In a recent interview, he described Metaverse as a tool that, if the necessary conditions are met, will play a role in mass adoption of the cryptocurrency industry.
I definitely believe this is a great, very big opportunity. You need the right platforms… these platforms will be a great opportunity for the entire ecosystem.
Also, Israel, Metaverse ‘where we will start using cryptocurrencies as currency’ predicted it would. with this bitcoin and ethereum existing digital assets such as too volatile is, Since stablecoins indexed to assets such as fiat currencies and precious metals, which are less affected by fluctuations, will come to the fore. talked about. Israel believes that with the widespread use of cryptocurrencies in the Metaverse, big tech companies will also be included in the ecosystem.
Also recently, the digital asset manager grayscale According to a report by Metaverse market cap could soon exceed $1 trillion was foreseen.