Summary
TLDR: The market for cryptocurrencies and blockchains that offer practical uses for consumers and businesses is expected to be larger than the market for digital gold, according to Paul Brody of EY.
Key Points
1. The market for cryptocurrencies and blockchains that deliver consumer and business benefits is expected to be larger than the market for “digital gold.”
2. Paul Brody, head of blockchain at EY, believes that the potential for blockchain technology to revolutionize various industries is significant.
3. While Bitcoin may be seen as a store of value, there is a growing interest in blockchain applications that offer practical solutions for businesses and consumers.