A smart contract pioneer stated that, Bitcoin is considered to be both trust-minimized (even more than gold) yet quite unlike gold digital & easily transferable in its trust-minimized form. It’s an unprecedentedly superior form of money, but like anything else new traded in a free market, its historical journey starts off volatile.
Antoni Trenchev, Co-Founder and Managing Partner at Nexo in response to a statement about Bitcoin Mania stated, “We are only now just beginning to see our retail clients borrowing against their Bitcoin to buy more Bitcoin, up to very recently, it was predominantly institutions. This will ultimately propel the BTC rally well into the $20,000s and beyond.”
Early this year, Antonio Trenchev opined that there is broad confidence about the digital asset’s prospects. Trenchev — who earlier this year predicted bitcoin could reach $50,000 by the end of 2020 — said there’s “increasing evidence of that upward trend.”
In this regard, Sydney Ifergan, the crypto expert tweeted: “All the talks in the NEXO Finance community make it very clear that they are pro-Bitcoin.”
Nexo Finance are proud of the example set by Nexo Finance by greater scrutiny to the still-nascent industry. Unlike most of the competitors, they lend funds on an over-collateralized basis and boast an infrastructure of military-grade security.
The Co-founder further stated that this ensures that they protect both their clients’ assets and their business, thus making sustainable in the long term and accountable for their footprint in the blockchain space.
This approach translates into nearly $3.5bn in transactions across 200+ jurisdictions, $1bn in assets under management, $9.5m distributed in dividends, and over a million users, who place their trust in Nexo.
When the space matures, regulation clarity is thorough, and the volatility cycles flatten out — as they inevitably will — it is the sustainable companies like Nexo that will emerge as the next Amazons, Googles, and Apples.
Nexo Finance Guarantee
After the CRED incident users are becoming cautious. They have been questioning on what real guarantees do NEXO offer that deposits are 100% guaranteed? The user further stated, I can say I’m very happy with Nexo but what happened with CRED made me very cautions.
Some of them even asked, now would be a great time to give your users insight into the regulation and licenses you claim to have. I’m a user of Nexo, but I severely limit the funds I deposit because of these empty claims. Be more transparent to build trust and I’m sure Nexo will gain customers quickly.
It just looks like growth triggers apprehension.
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