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Wall Avenue monetary advisor that helped Amazon purchase MGM studios this yr is exploring crypto cost choices.
LionTree, a preferred monetary advisor and funding banking agency, is trying into cryptocurrencies as a cost possibility. In its year-end letter, Chairman and CEO Aryeh Bourkoff talks about crypto as a possible instrument for empowering people and explores among the greatest developments in crypto, resembling decentralized finance (DeFi) and nonfungible tokens (NFTs).
“In 2021, crypto made itself unimaginable to disregard, with a market cap at occasions surpassing $3 trillion,” wrote Bourkoff, including that this was as a result of individuals with more money than common have been on the lookout for a spot to protect their cash in opposition to inflation, discover greater returns and guarantee greater yields.
Bourkoff additionally hinted about exploring crypto cost choices for its providers within the close to future. He wrote:
“We’re presently exploring methods to start out accepting crypto as cost for our providers, and within the not-so-distant future, as our ecosystem grows and {our relationships} proceed to mature, we would even create our personal LionTree token of belief.”
Associated: Dogecoin is best than Bitcoin for funds, Elon Musk declares
Whereas lauding the achievements and milestones of the crypto market in 2021, Bourkoff additionally highlighted among the flaws and hurdles that it wants to beat. He stated that the know-how must be extra energy-efficient, and the main target must be on constructing extra user-friendly interfaces.
LionTree is relatively a small agency in its dimension, however it has been concerned in among the most vital media partnerships and acquisitions this yr. The agency performed a key position within the merger of WarnerMedia with Discovery Inc. The monetary advisory group was additionally part of Amazon’s acquisition of MGM Studios. LionTree additionally helped Snap Inc. with its Preliminary Public Providing.
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