Investor and cryptocurrency powerhouse Dan Tapiero says the emergence of thousands of new memecoins in the digital asset space is paving the way for traditional finance to adopt blockchain.
Tapiero, who leads several venture capital firms, said in a new discussion on the Crypto Banter YouTube channel that Memecoin will battle-test blockchains like Solana (SOL) to address weaknesses before traditional financial institutions (TradFi) move their funds. says: future.
“I think the ability to manage traffic – mostly Solana – is like a rail line, a railroad track, that is being demolished. And what Solana shows is that an almost infinite amount of activities can be run over these rails. I think that’s why I practice. There are hundreds and hundreds of trillions of dollars in the traditional world moving around like SWIFT, interbank, all that crap.
All that money is not going to move into an untested blockchain space on rails. So I like the idea that exploding memecoin transaction numbers are just an exercise in testing the rails. It’s like practice showing the old world, ‘Hey, these rails really work.’ An infinite amount of tasks can be executed and resolved instantly.’
Yes, memecoins are fun and silly and gamified, but the rails work.”
Tapiero recently predicted that Ethereum will hit $8,000 next year.
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