Richard Teng spoke about the important moment that cryptocurrencies are experiencing – and one sector that can channel this market growth with greater force (Image: Canva Pro Montage)
The year 2024 will be remembered as the milestone in the adoption of cryptocurrencies by segment institutional. Richard Teng, CEO of Binancethe world's largest cryptocurrency broker.
In participation in the Token 2049one of the biggest international crypto events that took place this week in Singapore, the CEO highlighted the importance of seeing more and more institutional investors and companies allocating to the crypto market digital assets.
“Adoption is still in its early stages, but it tends to grow,” in the opinion of the Binance leader.
Teng believes that this adoption process is connected, mainly, to the launch of ETFs of Bitcoin and of Ethereum in the USA, in 2024.
He also did not fail to mention Brazil and the approval of the first investment funds in Solana around here, which occurred this year.
The CEO highlighted, as an example of this new reality, the change in positioning of BlackRock regarding digital assets. “When you have the world’s largest asset manager going from being a crypto skeptic to launching a crypto ETF, it symbolizes the evolution of the industry and its new momentum.”
But what about from now on?
In this scenario, Richard Teng demonstrated great optimism regarding the future of cryptocurrencies.
“I firmly believe that blockchain will be the future of the financial system. To do this, however, we need to achieve mass adoption, and this requires regulation. With regulation, we can attract institutional investors and large companies and then reach the general public.”
The leader of the world's largest exchange also said that “2025 will be a bigger year than 2024” for the crypto market, and that he projects an upward trend for the assets.
The main reasons for this high expectation are the interest rate cut cycle in the United Stateswhich started last Wednesday (18), and the traditional trend is that Bitcoin starts to take off about six months after the halving – event in which mining of the asset is reduced by half and which last happened in April.
RWAs: the 'hot topic' in the cryptocurrency universe
At the same time that institutional contributions to digital assets show the maturation of this market, the projects that bring greater utility for cryptocurrencies in everyday life also contribute to this evolution.
An example of this is the RWAs (Real World Assets)or “real world assets”, in Portuguese.
RWAs are digital tokens that consist of the transformation of some asset, product or service that exists in the physical world into an encrypted digital version in the blockchain.
“It’s about integrating traditional finance into the blockchain infrastructure that is open, transparent and permissioned, meaning that anyone can validate or be a part of it,” explains Valter Rebelo, an economist at Insper and head of the digital assets area at Empiricus.
The best known example of an RWA asset is stablecoins: cryptocurrencies whose value is linked to the gold or to a fiat currency, such as dollar or euro.
That's why, as RWAs represent a moment of greater maturity of the crypto market. These tokens no longer have their value tied to just one speculation market – they have intrinsic value and a practical utility for the investor.
“You use the blockchain structure to incorporate traditional assets into this decentralized infrastructure, which can be offered to the entire world, 24 hours a day, 7 days a week, automatically and securely,” highlights Valter.
To give you an idea, the RWA sector has already accumulated US$ 6.45 billion in market value, according to CoinGecko, and projections from Citibank show that it could reach US$ 20 trillion by 2030.
For all this, as RWAs are the “hot topic” in the cryptocurrency universe, in Valter Rebelo’s opinion.
This RWA cryptocurrency has already risen 832% in 18 months… but the category’s potential is much greater
An example of this important moment that RWAs are experiencing is the asset PENDLE. This crypto asset represents the protocol of the same name that allows the tokenization and trading of future returns on assets.
In other words, this project allows investment in other digital assets following a similar logic to that of fixed incomeenabling predictable income linked to an interest rate.
The success of the PENDLE token is such that, in 2024, it has already appreciated +500%. But, since it was recommended by Empiricus (in March of last year) until today, it has accumulated an even greater increase: around 832%. Look:
This 832% increase would be enough to transform, for example:
- R$500 up to R$4,660;
- R$ 1,000 in up to R$ 9,320;
- R$ 3,000 up to R$ 27,960.
All this in just 18 months. But rest assured, because although this “leg” has already happened, the potential of this RWAs cryptocurrency group still is much bigger.
Remember that past gains are never a guarantee of future gains and that cryptocurrencies, like any other investment, involve risks.
But, for Valter Rebelo, the potential appreciation is so great, from now on, that the chance is that a initial investment of R$500, R$1,000 or R$3,000 in the specialist's asset listdone now, generate a return of around 1 million reais in just one year.
You didn't read that wrong. The most promising cryptocurrencies on the market today can generate returns of up to 1 million reais for its investors, and that in just 12 months – that is, until the end of next year bull market.
This is the potential of a list of crypto assets that are part of the RWAs, the Real World Assets, hand-selected by the team of experts led by Valter Rebelo at Empiricus.
This Monday, day September 23Valter and his team will reveal access to this list of the most promising cryptocurrencies of the moment. And your free registration in the presentation live can be done by clicking on the link below: