What's in this article
Insurance set to take off as “there is more crypto adoption globally now”, says Ziolkowski
Crypto is more sensitive than traditional stocks
Ziolkowski believes that cryptos are more sensitive than other regulated stocks to geopolitical events and referenced events such as when China outlawed crypto.
In September 2021, the People’s Bank of China (PBoC) announced that “virtual currency-related business activities are illegal financial activities”. The effect of this sitaution effected the price of crypto currency badly.
Insurance can make crypto feel more ‘familiar’
As crypto is not regulated, Ziolkowski believes that offering insurance gives people something they are “familiar with, which makes up for the lack of clarity” in the crypto space.
The CEO added that “the market needs more protection than just what Relm can offer”.