Next 10 years to be the defining decade for crypto: ZebPay CEO
The crypto market landscape has been evolving over the years globally and in India, with the growing interest of investors. While the booming market still remains unregulated in many nations, including India, central banks and governments are working actively to build a regulatory framework.
Asked what the future for crypto looks like over the next decade, Rahul Pagidipati who heads one of India’s oldest crypto exchanges, ZebPay, said there is potential for crypto to make a position in mainstream investment.
“The next 10 years could be the defining decade for crypto as mainstream adoption can massively increase,” the CEO said in an interview with ETMarkets.
Pagidipati is optimistic about India's crypto future, with potential for growth, innovation, and global impact. Edited excerpts:
After doubling between November and July, bitcoin prices have slumped 18-20% in the last one month. How are you reading this volatility?
Bitcoin is a fundamentally robust asset with remarkable economic potential, and short-term price swings are part of market dynamics.
The current price is still up 65% YTD and despite short-term volatility, the outlook is still extremely positive.
With rate hike concerns, firming crude oil prices and the dollar, how do you see the crypto market performing in the near term?
Rate hikes and the dollar index do have an impact on the crypto market as well as the economy at large. Investors should have a macro outlook and analyze variables that can potentially influence the crypto market.
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