The Solana Foundation’s Sheraz Shere believes that enterprise adoption will perpetuate a cycle of growth for the blockchain industry.
The spot Bitcoin exchange-traded funds (ETFs) approvals were a historic milestone for the space. However, it’s only a “stepping stone” toward integrating blockchain-based systems with traditional finance, according to Solana Foundation’s Sheraz Shere.
Shere, who is the head of payments at Solana Foundation, argued that the spot Bitcoin (BTC) ETFs are important in terms of opening up the digital asset space to a broader audience. This includes institutional investors and the general investing public. However, Shere believes there’s an opportunity to bring new use cases to traditional finance. Shere explained:
While Shere believes this might take some time to play out, the executive believes that more regulatory clarity across the globe will eventually bring more traditional institutions to get involved with blockchain.
