Matthijs de Vries, CEO of Nuklai, on Market Slowdown, Bullish Outlook for H2, Blockchain and AI Joining Hands, and Future of Decentralized Data | Ep. 350
In an exclusive interview with Cryptonews Podcast, Matthijs de Vries, Founder and CEO of the collaborative smart data ecosystem and decentralized data infrastructure provider Nuklai, discussed the recent market slowdown, what triggered the fear, and why he is bullish.
The CEO talked about blockchain and AI shaping the future together, as well as the issue of fragmented data and solutions for it.
Lastly, he discussed giants like Google, Meta, and OpenAI “sitting on huge monopolies of data” and how this will change with the democratization of data.
The crypto market has recently seen a relatively longer slowdown. “The market conditions are maybe not the best,” de Vries said.
However, the market will always reach its worst point, he stressed. From then on, it will improve again. “The reversal has to be near.”
As for the reasons behind this latest downturn, several things come into play. These include the priced-in fear of Mt. Gox, Germany potentially selling Bitcoins, and perhaps a more crypto-adverse US president, among others.
News and speculations surrounding these events triggered “a lot of panic and fear.”
Notably, in TradFi, we see a lot of people working together behind the curtains, directing the market trends, but the crypto industry is a different type of beast.
This is not to say that there isn’t collaboration – there’s a lot of it, de Vries argued. Many “powerful people in the Web3 industry definitely work together in order to orchestrate things.”
However, when it comes to the situation with the Bitcoins in Germany and Mt. Gox selling BTC, “there is absolutely no way that we’re working together in order to have a healthy sale of Bitcoin.”
Importantly, Mt. Gox is not selling Bitcoins but distributing repayments to its
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