• Bob Diamond, the former Barclays CEO and current Atlas Merchant Capital CEO, believes that cryptocurrency is a very broad term with many use cases.
• He stated that the big lesson from FTX’s collapse is onshore vs offshore, and that strong banks need strong regulation.
• Atlas Merchant Capital is an active investor in the stablecoin issuer Circle, and are confident that Circle will become a real winner.
Bob Diamond, the former Barclays CEO and current Atlas Merchant Capital CEO, recently spoke to CNBC about cryptocurrency and its many use cases. He believes that cryptocurrency is a very broad term and can be used for a variety of purposes.
Bob Diamond also commented on the recent collapse of FTX, a major cryptocurrency exchange, saying that the big lesson to be learned from the ordeal is the importance of understanding the difference between onshore and offshore exchanges. He believes that, for cryptocurrency to be successful, strong banks need strong regulation.
Atlas Merchant Capital, of which Diamond is the CEO, is an active investor in the stablecoin issuer Circle. They are confident that Circle will become a real winner in the crypto space, and have been working and investing in the company for quite some time. Diamond stated that Atlas Merchant Capital is bullish on cryptocurrency and blockchain technology, and believes that the best way to develop a digital version of the US Dollar is to have the private sector do it, rather than the central bank.
Overall, it is clear that Bob Diamond and Atlas Merchant Capital are confident in the potential of cryptocurrency and blockchain technology, and are actively investing in companies that are focused on developing these technologies. With strong regulation, they believe that cryptocurrency and blockchain technology can be used to create a digital version of the US Dollar and other digital currencies, as well as provide a variety of other use cases.