- Analyst Cypress de Manincor states that digital assets that provide real-world utility would survive the current purge.
- Manincor’s conclusion comes from the fact that several industry leaders over the past year have talked about crypto at financial conferences.
- “This is all by design,” said the analyst, “you all need to pay attention to detail.”
In his latest video, crypto analyst Cypress de Manincor stated that digital assets that provide real-world utility would survive the current purge. The analyst used conversations of several prominent industry leaders to prove that elite market participants are actively interested in pursuing crypto.
“The devil is in the details,” said Manincor as he introduced a video of Tom Zschach, the Chief Innovation Officer at Swift. In the short clip, Zschach stated that he had decided to focus his efforts on interoperability and the interlinking between existing payment rails of today, and the new evolving digital asset networks that would be coming with CBDCs.
The analyst then displayed a video where Jennifer Lassiter, the Digital Dollar Project executive director, talked about CBDCs and cryptocurrencies. Lassiter explained that the design choices they were making were so that CBDCs were interoperable with stablecoins, with cryptocurrencies, and with a multitude of wallets.
Manincor, then, showed his audience a video posted by the Atlanta Fed six months ago. In the video, the executives said that the federal reserves joined the Business Payments coalition. The analyst then draws connections between the coalition and Ripple through a presentation conducted at this meeting by Ripple where the previously mentioned Swift Chief Innovation Officer was present.
The analyst also highlighted the point that crypto prices surged recently since Powell claimed it has staying power as an asset class. “This is all by design,” said the analyst, “you all need to pay attention to detail.”
However, this is not the first time Manincor had made such connections and claims. In May of this year, the analyst claimed Ripple was involved in the UK lawmaker report on crypto. Meanwhile, XRP has suffered from a 0.34% daily dip over the last day but enjoyed a 5.31% jump over the last week.
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