- Mriganka Pattnaik is confident that there will be no global outflow in the next five years
- The USA offers a vast field for innovation, as well as a high-quality workforce base.
- This is not available in other markets.
Mrgangka Pattnaik, CEO of the analytical company Merkle Science, believes that there will be no global outflow of cryptocurrency companies from the United States. At least in the short and medium term.
He shared his opinion on this matter with the publication Cointelegraph. When asked about how Pattnaik relates to the current course of the American authorities, he answered the following:
“My opinion is the opposite. I think in five, most of the activity will still take place in the States.
CEO Merkle Science explained this thesis by two main factors — a vast field for innovation and a high-quality talent pool. India, China, the UAE can provide strong consumer markets, but lose in terms of the quality of intellectual capital.
In addition, despite pressure from the SEC, the States maintain regulatory clarity in other areas, such as taxation.
Recall that the CEO of Coinbase previously stated that the “war” on cryptocurrency in the United States is beneficial to China. At the same time, according to Armstrong, jurisdictions such as Hong Kong are not suitable for large CEXs. But it is this market that is considered the most promising in Asia. Prior to this, according to unconfirmed reports, the exchange was preparing a move. But later this information was denied.