BlockDaemon’s Barnaby Hodgkins recently shared his insights on the future of the blockchain and cryptocurrency sector at the Token2049 event in Dubai on April 20th. Despite an unusual rainfall in the United Arab Emirates, attendees showed their determination by braving the weather.
As the Senior Manager of Growth Strategy at BlockDaemon, Hodgkins sat down with Cointelegraph’s Ezra Reguerra to discuss the current state of the industry and what lies ahead. According to Hodgkins, there is still room for growth in the industry. He expressed his optimism by stating, “It’s the highest it’s ever been and as a result, there’s a lot of reason to be bullish around what’s happening.”
Hodgkins pointed out the launch of the first Bitcoin spot ETFs in January and their subsequent adoption rates as positive indicators. However, he believes there is still a long way to go in terms of adoption.
BlockDaemon, being the world’s leading provider of blockchain infrastructure, gives Hodgkins a comprehensive view of the blockchain industry. The company offers a wide range of services, including dedicated node access, API access ability, running validators and staking rewards, as well as MPC wallet technology.
Hodgkins predicts that the next few cycles could bring even more game-changing events to the industry. He mentioned the possibility of an Ethereum ETF in the near future. Additionally, he believes that the blockchain and cryptocurrency technology has numerous use cases that could lead to mass adoption by industries like automotive and transportation.
In conclusion, the future of the blockchain and cryptocurrency sector looks promising, with potential for further growth and adoption.