According to the CEO of LionTree, cryptocurrency has potentials for individual empowerment and the investment bank will look into crypto payment methods in the nearest future.
LionTree, a well-known financial counsellor and investment bank, is investigating cryptocurrency as a payment alternative. Chairman and CEO Aryeh Bourkoff discuss crypto as a possible weapon for individual empowerment in his year-end letter, as well as some of the major trends in crypto, such as decentralized finance (DeFi) and nonfungible tokens (NFTs).
“By 2021, crypto had made itself unavoidable, with a market cap exceeding $3 trillion at times,” said Bourkoff, explaining that this was due to people with more cash than usual looking for a place to protect their money from inflation, discover higher returns, and secure higher dividends.
Bourkoff also hinted that in the near future, the company will look into crypto payment methods for its services. He expressed himself as follows:
“We’re currently exploring ways to start accepting crypto as payment for our services, and in the not-so-distant future, as our ecosystem grows and our relationships continue to mature, we might even create our own LionTree token of trust.”
While praising the crypto market’s achievements and milestones in 2021, Bourkoff also pointed out some of the problems and challenges it faces. He believes that technology should be more energy-efficient, with a focus on creating more user-friendly interfaces.
Although LionTree is a small company in terms of size, it has been involved in some of the year’s most notable media partnerships and acquisitions.
The firm was instrumental in WarnerMedia’s merger with Discovery Inc. Amazon’s acquisition of MGM Studios. Snap Inc.’s initial public offering was also assisted by LionTree.