Former CFTC Chairman: "By 2036, all valuable assets will be tokenized"

▲ Real World Asset (RWA) Tokenization/ChatGPT generated image

The virtual asset market has entered an altcoin bull market. A forecast has emerged that all valuable assets worldwide will be tokenized on the blockchain within the next 10 years.

Crypto-specialized YouTube channel Altcoin Daily reported in an episode on September 28 (local time) that Bitcoin's (BTC) solo dominance has ended, and an explosive rebound rally for altcoins, breaking a two-year downtrend, has begun. Overturning the extreme pessimism of the summer, a strong rotation of capital has entered the overall market, with Superverse surging 175%, Zcash 370%, and NEAR 250%, signaling the opening of altcoin season.

Former US Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo predicted a fundamental paradigm shift in the financial system. In an interview with BMTV, Giancarlo analyzed that virtual assets have moved beyond simple alternative investment assets to become core infrastructure for rebuilding the entire financial system. Giancarlo stated, "Starting with digital payment innovation through stablecoins, all securities, including national bonds and stocks, will be onboarded onto the blockchain," and predicted, "By 2036, all valuable assets we own will be converted into digital token form."

Policy actions by mainstream regulatory bodies are also supporting this massive market structural transition. Clear Street analyst Owen Lau highlighted the impact of the Securities and Exchange Commission's (SEC) recently introduced innovation exemption clause on the market during a discussion with Fox Business. Lau stated, "This measure provides regulatory clarity even in the absence of legislative action from Congress," and assessed, "It will allow intermediaries and exchanges to continuously trade tokenized Microsoft and Nvidia stocks and implement rapid settlements, significantly reducing backend costs."

The diagnosis that Bitcoin, which serves as a solid anchor for portfolios, has passed its bottom, and an evaluation of its intrinsic value also followed. Giancarlo diagnosed, "The core of Bitcoin is the programmed scarcity embedded in its code itself," adding, "Just as gold was a shield against the government's reckless fiscal spending in the past, in the digital age, Bitcoin's value will further increase as a digital commodity that directly counters currency devaluation and a new form of money." Meanwhile, Hunter Biden, the second son of President Joe Biden, in a recent interview, criticized the Democratic Party's virtual asset policy, stating, "The stable door has already opened, and technology never disappears," strongly condemning the mainstream banking sector and vested interests for obstructing US cryptocurrency market structure legislation.

[Article Key Summary]

-Altcoins have broken through a two-year downtrend, surging up to 370%, entering a full-fledged supercycle phase.

-Former CFTC Chairman Chris Giancarlo predicted that all securities and real-world assets would be tokenized by 2036.

-With the SEC's innovation exemption regulations and Bitcoin's currency defense function, the institutional reorganization of digital assets is accelerating.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*