Bitcoin (BTC) was introduced to the world more than a decade ago. Since then, it has been disrupting the world by fighting its way for mass adoption and wide acceptance. The first cryptocurrency of the world, bitcoin (BTC) is supported by many to replace the fiat in the future. Certain factors such as BTC ETF and Bakkt are often considered whenever the future of bitcoin (BTC) is concerned. Ari Paul, the co-founder and chief information officer of BlockTower Capitol, added another factor that affects the future of bitcoin (BTC).
Ari Paul is a very well-known personality in the space. In the past, he was the derivatives market maker and proprietary trader for Susquehanna International Group (SIG). He has also served as a portfolio manager for the University of Chicago’s $8 billion endowment. He recently tweeted his observation on the potential complexities of crypto derivatives. He explained:
2/ In other words, a Bitcoin future is partially a bet on the health of the Bitcoin network, which is itself necessary to deliver the underlying to settle the Bitcoin future. When you get these kinds of self-referential loops, you can get strange behavior (and attack vectors.)
— Ari Paul (@AriDavidPaul) January 14, 2019
BlockPublisher got in touch with Ari Paul to explore his perspective. Extending the discussion, he was enquired if the bet was safe and deserved a chance. He replied:
“Safe” is always a spectrum, not binary. My guess is that futures will generally do a fine job of tracking the underlying except for rare cases where they act spectacularly ‘weirdly.’
Then he was asked about the prospects of mass adoption. He responded:
Just a question of timing. Layer 2 and 3 scaling is just a short-term challenge, no existential obstacles.
Proponents of bitcoin (BTC) believe that there’s a future to the world’s largest cryptocurrency. Ari’s responses show that with the passage of time, the hindrances of bitcoin’s (BTC) journey will be dealt effectively in order to leave nothing bus success for bitcoin (BTC).