Adena Friedman, the president and CEO of Nasdaq Inc., stated in an interview on Bloomberg Businessweek that cryptocurrencies are at “the height of a hype cycle”.
Friedman mentioned that their corporation has been taking a research-oriented approach to when and whether they want to be associated with digital currencies. She also believes that cryptocurrency has the potential to become a financial component of the Internet given that it is understanding enough for the people.
Friedman also contemplated that once cryptocurrencies developed more, they can provide a seamless way for commerce to occur. She continued that while she did not know which cryptocurrency would build greater opportunity, she believes that over time “there will be that utility.”
And although she found that blockchain is not yet fit to support their ultra-high volume of trading, she still sees opportunities where blockchain is suitable.
“I do think this continues to be a fascinating technology that could be quite disruptive over a long term. [It’s] hard to implement because it requires an entire network to deploy it simultaneously, but I think it’s something over the time could become a very interesting force of our business.”
Just recently, Friedman said that the stock market is a possible platform for trading cryptocurrencies in the future, if the market becomes more regulated, saying that “certainly Nasdaq would consider becoming a crypto exchange over time.”