PRINCE KHALED ON… CRYP­TOCUR­REN­CIES

CEO Middle East - - BUSINESS -

“I love the crypto mar­ket, and to me it’s a lot more about really ed­u­cat­ing your­self on what the crypto mar­ket is, what it has to of­fer and what the tech­nol­ogy has to of­fer. Peo­ple have really made a mis­take on how they’ve cat­e­gorised this as­set class. It is not a cur­rency – it’s very mis­lead­ing, the word cryp­tocur­rency. It should be clas­si­fied as a new as­set class.

“You have a lot of peo­ple in the SEC (The US Se­cu­ri­ties and Ex­change Com­mis­sion) who really need to ed­u­cate them­selves on what cryp­tocur­rency is. We’ve seen a lot of hap­haz­ard an­nounce­ments made here and there that have af­fected cryp­tocur­rency quite neg­a­tively and [I’m not sure] whether that’s a ploy to get the mar­ket to ‘more re­al­is­tic’ prices. At the end of the day, I be­lieve it will soon be a reg­u­lated as­set class and I think it will be really at­trac­tive for the likes of the heavy hit­ters on Wall Street to come in.”

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