Running crypto businesses is a difficult journey that is not for the faint of heart. However, according to Stephen Ehrlich, the co-founder and CEO of Voyager Digital, patience is the key, and the rewards will come in the long run.
Many have invested time and money in developing crypto-related businesses. Reports detailing 2021 show that over $30 billion worth of investments flowed from venture capitals. Ehrlich told Cointelegraph that these VCs and private companies would definitely be rewarded long-term for their faith in crypto. Moreover, he also believes that investors in public companies will also reap rewards.
“In 2021, Bitcoin outperformed all major asset classes, one-upping crude oil, NASDAQ, the S&P 500, and gold. Moreover, the number of ‘hodlers’ is trending in a positive direction, signaling crypto’s long-term viability.”
The co-founder of the publicly-traded crypto trading platform also notes that the overall growth of the crypto ecosystem manifests in the introduction of benefit programs that allow companies to let employees take a portion of their paychecks in Bitcoin (BTC).
“Such mainstream adoption is an incredible sign – not only are people willing to buy and trade crypto, but they’re also willing to work for it. As a society, we are progressing in a direction that puts more store of value in cryptocurrencies.”
When asked if running crypto businesses is profitable, Ehrlich gladly shared his own experience within his company. “Voyager’s most recent quarter was our best ever, so I certainly feel it’s a great time to be in crypto,” he said.
With global inflation reaching new heights and United States national debt rising, Ehrlich also believes that “Crypto is becoming more and more of a long-term safe haven for future generations.”
One of the main advantages of crypto is that it creates economic equality. The Voyager CEO underscores that crypto gives access to investor segments who missed out on past booms. Ehrlich describes being able to provide opportunities to build wealth for this sector as “immensely satisfying” as he mentions the huge advantages found within this…