• In an exclusive interview with Cryptonews, William Quigley, the co-founder and CEO of WAX and co-founder of Tether shared his insights on the crypto and blockchain industry’s future.
• Quigley is optimistic about the sector’s recovery, emphasizing the need for patience as the industry finds its footing once again.
• He compared the current crypto landscape to the early days of the internet bubble, noting that despite recent challenges, recovery is possible due to people’s short-term memory.
Exclusive Interview: Tether Co-Founder Shares Insights On Crypto Industry
William Quigley, co-founder and CEO of decentralized blockchain WAX and co-founder of USDT issuer Tether recently gave an exclusive interview with Cryptonews to share his insights on the crypto and blockchain industry’s future amid recent challenges.
Optimism Despite Recent Struggles
Quigley remains optimistic about the sector’s recovery, emphasizing the need for patience as it finds its footing once again. He compared it to the early days of internet bubble – a frenzy that was „1,000 times more than what crypto was in 2021“ – but noted how a series of events caused a significant loss of interest in internet related ventures.
Short Term Memory To Aid Recovery
However he argued that these challenges are relatively minor compared to past struggles faced by internet industry due to people’s short term memory allowing them quickly forget earth shattering news and events which could play a significant role in crypto rebound.
Return Of Venture Capitalists
He also pointed out how companies like Facebook and YouTube emerged over time while venture capitalists returned their attention back to internet business by late 2010 which could be echoed by similar trend being seen in crypto world today.
Patience & Optimism Essential For Recovery
Overall Quigley encourages patience and optimism as this sector navigates through current obstacles while remaining confident in its ability to recover and evolve over time.