- First 15 years of crypto vs next 15 years, per Tomaino
- Tomaino predicts the future of S&P 500
Nick Tomaino, a former top executive at Coinbase, who worked with business development and then quit to create his own crypto-focused investment company, 1confirmation, has issued a prediction as to what crypto will be about over the next fifteen years.
First 15 years of crypto vs next 15 years, per Tomaino
In his tweet, Nick Tomaino summarized the first fifteen years that have just finished for crypto. He stressed that this period was “all about money and infrastructure.”
However, the next fifteen years will be totally different, he believes, expecting crypto apps to go much farther than just money, even though money will remain important. He believes, it will be “ about apps where money is a factor but not the focus.”
He shared what in his view is important for winning, and it is not only about technologies or money: “Winning requires understanding culture, not just tech or finance.”
Tomaino predicts the future of S&P 500
Last week, Tomaino opined on the future of the stock market, and that was also a forecast about the future crypto expansion. The 1confirmation founders is certain that in the future all companies which are on the S&P 500 index, will tokenize their stocks on the Ethereum blockchain.
News that shows that certain prerequisites to this prediction coming true are happening already. The Nasdaq exchange has filed with the US Security and Exchange Commission to allow trading tokenized securities, such as stocks or exchange-traded funds, according to Reuters.