21Shares CEO: As cryptocurrency becomes mainstream, the global order will reach a "turning point"

According to The Block, executives from 21Shares, Coinbase and SkyBridge Capital discussed the topic of cryptocurrency entering the mainstream this year at the Emergence conference on Friday. Hany Rashwan, co-founder and CEO of 21Shares said on Friday: "We haven't seen such a turning point in global order for a long time. The status of the dollar as a reserve currency is under threat. We have already seen this from euro bonds and oil crises, and we have survived these challenges. Therefore, we may be entering a period of 5 to 20 years where many people will make major moves during this period, and we will wait and see what happens."

Daniel Seifert, Vice President for Europe, Middle East & Africa region at Coinbase also Regional Director General Manager stated: "A large number of well-known companies and institutional participants from the United States have put all their efforts into this project and activated distribution networks here." John Svolos , Research Director at SkyBridge Capital indicated that an increase in stablecoin adoption has also driven overall demand for cryptocurrencies.