BlockFi CEO: Digital assets and blockchain industry cannot get the same type of capital as traditional markets

BlockFi CEO Zac Prince recently talked about Bitcoin in a podcast show, the increasing popularity of crypto asset-based lending and the collateralization of crypto assets for credit and how it is driving greater adoption of cryptocurrencies. When asked about BlockFi's adoption and growth, Prince said that the current underlying market trend and rising bitcoin are signs of greater adoption by retail and institutional investors. Prince also talked about BlockFi's planned credit card: "We think the BlockFi Bitcoin reward card is more competitive than the Chase Sapphire Reserve or airline mileage card." At the same time, Prince acknowledged that barriers to adoption in the field still exist. "The digital asset and blockchain industries cannot get the same type of capital as traditional markets," he said.