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[Global Crypto Assets & Finance Conference 2021] “Prospects and Trends of the Digital Asset Financial Market in 2021”_Han Dae Hoon / Analyst at SK Securities

  • Global Crypto Assets & Finance Conference 2021

Session 1: Current Status and Prospect of the Crypto Asset Financial Market in 2021

▣ Prospects and Trends of the Digital Asset Financial Market in 2021

Analyst Dae-hoon Han said, “As institutional investors entered the market and the currency value declined in earnest, the attraction of bitcoin as a hedging tool led to a rise in prices.” In the process, enormous liquidity was supplied, and the monetary value decline has already begun due to the increase in the M2 growth rate.”

Differentiation in digital assets, entry into institutions and full-scale issuance of CBDC

“As in the US Securities and Exchange Commission SEC’s Ripple XRP prosecution, there is a high possibility that many of the listed cryptocurrencies will be regarded as securities.” He pointed out, “Because it is free from the judgment of securities, the concentration on the investment asset will intensify.”

DeFi, NFT market growth and start of institutionalization

Analyst Dae-hoon Han said, “The emergence of NFT will be the starting point of the movement, and the NFT market is growing rapidly as the sales volume of NFT in the art field increases. However, NFT pointed out that there is still a long way to go, and predicted that the growth potential will be high in the future.

Along with this, an analyst predicted, “Unlike in the past, discussions about institutionalization and regulation in each country are actively focused on institutionalization rather than negative regulation, and a full-fledged guideline will come out this year.”

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The DUCATO Protocols aims at developing an optimized blockchain technology, providing user-centric services, expanding of network participants and developing credible algorithm and decentralized governance for network users profit.

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