09-18-2024, 05:30 AM
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In a recent interview with Matt Miller on Bloomberg TV, Frank Speiser, CEO of Metafide, shared his insights into former President Donald Trump’s surprising entry into the cryptocurrency space, the evolution of the crypto industry, and Bitcoin’s role as a long-term asset.

Speiser began by discussing Trump’s recently announced DeFi project — World Liberty Financial (WLFI) — speculating that it involves a flash loan protocol designed to settle transactions within a blockchain block. According to Speiser, the project is likely focused on the adoption of stable tokens to facilitate transaction settlements, potentially across different asset classes and exchanges.

However, Speiser believes that Trump’s motivation to dive into crypto goes beyond technology. He suggested that Trump’s personal experiences with censorship and financial control may have driven his interest in crypto. As Speiser explained, Trump likely sees cryptocurrency as a way to resist centralized financial systems, stating, “If it can happen to him, it can happen to anybody.” Speiser emphasized that Trump now recognizes the power of crypto to preserve economic freedom and resist censorship, which aligns with the libertarian ethos of the cryptocurrency movement.

Speiser identified a broader shift happening in the crypto industry, which he described as the “dawn of a new era.” According to Speiser, the industry is moving beyond its adolescent phase of meme tokens and speculative investments. The focus is now shifting toward building serious financial infrastructure and real-world asset tokenization.

While Trump’s crypto plans generated buzz, Speiser noted that the real conversation among executives at the Token 2049 conference in Singapore was about financial innovation. He highlighted that the industry is now maturing, with more emphasis being placed on real-world applications of blockchain and cryptocurrency, such as decentralized finance (DeFi) solutions and stable token adoption.

Though Trump’s crypto project garnered attention, Speiser didn’t draw a direct link between it and Bitcoin. Instead, he spoke more broadly about Bitcoin’s role in the financial system. He pointed out that Bitcoin is no longer seen as a transactional currency, as it was in its early days. Instead, Bitcoin has evolved into an asset to hold due to its fixed supply and the potential for its value to increase over time.

Speiser explained that Bitcoin is now viewed as a store of value in an increasingly inflationary world. He remarked, “When Bitcoin is doing what it’s supposed to do, the price just continues to go up,” highlighting how Bitcoin’s fixed supply contrasts with the inflating supply of fiat currencies like the U.S. dollar.

Speiser also shared insights into his company, Metafide, which focuses on integrating human sentiment into financial models. Metafide allows people involved in financial systems to provide their opinions, which are then incorporated into models that predict asset prices, including cryptocurrencies. By blending human intuition with advanced AI-driven models, Metafide aims to create a more comprehensive view of market dynamics.

While Metafide doesn’t directly trade Bitcoin, the company’s models help hedge fund clients make better-informed decisions in the crypto space by considering both>

Featured Image via Pixabay


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