In a recent CNBC interview, Eric Golden, founder and CEO of Canopy Capital, shared his views on the future of Bitcoin and stablecoins.
Bitcoin as a Reserve Currency
Eric Golden stated that Bitcoin, the leading cryptocurrency by market cap, is 'a long way' from becoming the world's reserve currency. He noted, 'We are a long, long way from seeing that happen.'
The Importance of Stablecoins
Golden, who previously had a role at Fidelity Investments, emphasized the significance of stablecoins, stating that he has been 'obsessed' with them since his time at Fidelity. He added that stablecoins are critical for payments and financial infrastructure.
SEC's Policy Changes
Golden recalled launching his company during the tenure of former SEC Chair Gary Gensler, which made it particularly challenging. After Gensler's departure, the SEC began moving away from its aggressive crypto policies towards a more crypto-friendly approach.
Eric Golden believes that the future of cryptocurrencies, especially stablecoins, will remain an important part of the financial ecosystem, and the development of SEC policy may help legitimize this sector.
