PRINCE KHALED ON… CRYPTOCURRENCIES
“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.”