The prominent crypto mogul highlighted the rapid adoption of non-fungible tokens as a potential cause for investor caution.
In an interview with CNBC’s Street Signs Asia released Tuesday, Sam Bankman-Fried expressed optimistic caution surrounding the pace of nonfungible tokens’ (NFT) growth over the last year, warning investors that they could become vulnerable to the volatile market dynamics if improperly educated in the space.The 29-year old crypto entrepreneur and founder of the trading company Alameda Research and crypto derivatives exchange FTX intimated that conversions have occurred with his own clients regarding their intent to purchase digital assets, but those same clients can become tentative when challenged on the genuine utility of their new asset.“It’s almost going mainstream faster than the mainstream understands what it is they’re adopting, which is a weird phenomenon,” Bankman-Fried claimed.He con
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