Avichal Garg, the CEO and co-founder of Electric Capital, offers his opinions on the projects that will soar in the upcoming bull cycle.
The CEO and co-founder of Electric Capital, Avichal Garg, describes himself as “an NFT maximalist” who thinks nonfungible tokens (NFTs) would be crucial to popularizing cryptocurrency. NFTs are related to facets of daily life including art, music, and games, unlike other cryptoniches.
“I could imagine that NFTs are actually many billions of people because it’s ultimately culture. And that’s something that everybody can participate in and everybody can understand,” Garg stated in an exclusive chat with Cointelegraph
Garg is particularly optimistic about the usage of NFTs in the gaming sector, which he expects to increase at an exponential rate.
“In 18-24 months from now, I think we’re just going to see this onslaught of (NFT-based) games”, he said.
Garg believes the bear market could last as long as the macro picture is dominated by high inflation, which means it could take another year or two before we see the next bull cycle. Still, when he looks beyond the current macroeconomic picture, at a 10-year time horizon, he feels extremely bullish on the crypto industry.
“Interest rates and inflation dominate in the short term when you’re talking about a 2-3 year time horizon. But innovation is the one that dominates in the long term,” he emphasized.
The full interview is on Cointelegraph YouTube channel