Interview with Ayron Ferreira, Head of Research Analysis at Titanium Asset.
Titanium Asset is a Brazilian resource manager specializing in investments in crypto assets. Registered with the Securities Commission of this country, it follows all the regulations of the financial sector, both traditional and digital.
Its head of analysis and research, Ayron Ferreira, emphasizes the strength and reliability of the Blockchain beyond the fall of cryptocurrencies. He talked with LEADERS about NFT, BTC, ETH, and perspectives of the financial sector in general. Here are excerpts from the interview:
What is the impact on the crypto ecosystem in general?
The impact has been really considerable. From nearly $3 trillion in November 2021, the market capitalization has today reached close to $970 billion. It is a considerable loss in the global macroeconomic environment. In the crypto market specifically, we continue to see Bitcoin (BTC) as the leader. It has now gone through a correction that we believe is a normal process of the global market cycle. Beyond that, we remain very optimistic and see a lot of value in it as a long-term monetary asset and as a network. It has a maturity of 13 years already, it works in a highly secure decentralized network, and has never had a hack. In this crisis, that has been proven once again. Every ten minutes a block with transactions is mined and none of these blocks and transactions have been duplicated or interrupted.
How are the other cryptoactives repositioned in the market?
The other crypto assets have yet to prove their worth over time. We have Ethereum, which is 3 years younger than Bitcoin, but still has a lot to prove, for example with better energy efficiency for transaction validation. Once this long overdue scalability upgrade is done, then we believe that Ethereum will also prove its worth. Everything that comes after these two leaders, BTC and ETH, is much riskier. We think the impact of the recent crashes is big, but in the long term there is a lot of intellectual capital and a lot of very interesting innovations being built in the crypto market.
In the private sector, what are the main actions to expand use?
On the part of the private sector, it is necessary to have more actors that bring new solutions, innovations based on Blockchain, cryptoactives, new products, and new services. We believe that greater security will further stimulate the private sector. There are many young people who have managed to get their first job and are already building a career in the crypto market. It is a new niche that is creating new professionals, new analysts, new managers, and new entrepreneurs because it is different and new. In short, it is a matter of time, but we are very optimistic, we believe that Brazil tends to stand out in the crypto market in the coming years, both in the public and private sectors.
By Audy Castaneda
