In an Apr 2 interview with Business Insider, during the Innovate Finance conference in London, Matonis took the opportunity to tell the mainstream media publication that the concept of Bitcoin being in a ‘bubble’ was hypocritical.
“The bubble is the insane bond markets and the fake equity markets that are propped up by the central banks. Those are the bubbles.”
While Bitcoin has become considerably more user-friendly and technologically robust in the months since, market sentiment remains bearish, with traditional finance voices continuing to call time on the cryptocurrency.
Matonis, however, is anything but bearish about the future cryptocurrency has in the real-world economy.
“I think it’s fabulous that (banks) are getting into it because it brings in new liquidity,” he continued.
“…They’re going to develop futures markets, options markets – I even think you’re going to start to see interest-rate markets around bitcoin. We’re used to hearing things about Libor, the index for bitcoin interest rates is Bibor.”