Cryptoassets Need Financialization in Order to SucceedCryptoassets Need Financialization in Order to Succeed
By Crypto Digest - January 21, 2019

Caitlin Long, a member of the Wyoming blockchain coalition and former managing director at Morgan Stanley, noted that digital assets need financialization in order to succeed. Cryptoassets must be borrowable to become financialized. Additionally, investors should protect cryptocurrency against the incentive to misuse it. When substitutes for real money are created and then used as if they’re real, oftentimes, these substitutes are inflated insidiously so that a select few corrupt market participants can gain something without actually creating real market value. Per the 22-year Wall Street veteran's words, “for bitcoin, responsible financialization will involve finding ways to lend bitcoin without corrupting it.”