Voyager CEO: Crypto Becoming A Safe Haven For Future Generations

Stephen Ehrlich, the co-founder, and CEO of Voyager Digital, recently shared his thoughts on cryptocurrency businesses, and how running them is a difficult journey. Ehrlich also said that patience is the key when it comes to digital currencies–that the real rewards from working with cryptocurrencies will come in the long run.

Cryptocurrencies can be Extremely Rewarding for Businesses

The cryptocurrency industry has attracted entrepreneurs from all corners of the world. A 2021 report reveals that venture capitalists poured over $30 billion in investments into crypto.

Erhlich believes that VCs and private investment firms will be rewarded in the long term if they stay in crypto. He pointed out that Bitcoin outperformed all major asset classes in 2021, including gold, crude oil, NASDAQ, and even the SP 500.

He gave examples of how the cryptocurrency ecosystem is growing. For instance, more and more companies are allowing employees to be paid partially in Bitcoin. Ehrlich sees this as the first real indicator of mainstream adoption, and he called it “an incredible sign.”

Furthermore, he noted that running a crypto business is becoming quite profitable, as Voyager’s most recent quarter was the best in his company’s history.

Advantages and Challenges of Crypto

Ehrlich noted that cryptocurrencies are becoming “more and more of a long-term safe haven for future generations,” especially now, as global inflation has skyrocketed to new heights, and the US national debt is on a sharp rise. He also expressed his delight in the economic equality that the crypto industry creates.

He sees the opportunities to build wealth via crypto as “immensely satisfying,” and believes that the industry offers huge advantages for all who choose to become involved.

The crypto industry has huge challenges it must surmount. Cryptocurrencies still lack real regulations, although the regulators have been making an effort to come up with long-term rules that would better define the industry and shape its future.

Ehrlich believes that most of the difficulties that the industry faces come from its own success. However, with broader and more encompassing regulations and policies, created specifically for digital assets, he feels that the industry will inevitably flourish.

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