From Benzinga's Crypto Webinar: Stefan Rust Says 75% Of Crypto Developers Are No Longer In The U.S.; They're Being Developed In Abu Dhabi, Hong Kong, Singapore Or Zurich; This Is Where Opportunities Are Being Created
Portfolio Pulse from Benzinga Newsdesk
During Benzinga's Crypto Webinar, Stefan Rust highlighted that 75% of crypto developers have moved out of the U.S. to cities like Abu Dhabi, Hong Kong, Singapore, and Zurich, where they see more opportunities for development.
January 25, 2024 | 4:56 pm
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The migration of crypto developers may indicate a shift in innovation centers for cryptocurrencies, potentially affecting the development and adoption of Bitcoin in the U.S. market.
While the migration of developers could influence the innovation landscape for cryptocurrencies, Bitcoin as a decentralized asset may not be directly impacted in the short term. However, the shift could affect regulatory perspectives and long-term development within the U.S.
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