Ava Labs CEO Emin Gün Sirer holds the belief that the general public is completely ignorant when it comes to the technological advancements of cryptocurrencies and blockchain. In a recent interview with Real Vision, the CEO of Avalanche (AVAX) development firm asserts that the entire crypto space is severely undervalued.

According to Gün Sirer, the technologies behind cryptocurrency and blockchain far surpass those of the traditional financial system. He emphasizes the vast potential and value that this space brings, stating that the capabilities of crypto are light-years ahead of the outdated systems employed on Wall Street.

While traditional finance relies on complex, layered systems and even employs COBOL programmers, modern blockchain systems like Avalanche or Ethereum are significantly more advanced.

Gün Sirer further explains that the general public is oblivious to the transformative power of crypto and blockchain in finance. They remain unaware of the benefits of smart contract chains, lending platforms, and the efficiency of flash loans. He emphasizes that these advancements are truly remarkable and that the democratization of the space is not understood.

In Gün Sirer’s view, the current valuation of the crypto space is severely lacking. He believes that it should be worth 10 to 100 times more than its current value, as society has yet to fully grasp the value proposition offered by these new systems. He dismisses the notion that crypto is merely about speculative investments and emphasizes that there is something fundamentally different about the way services are built in this space.

Gün Sirer asserts that crypto is here to stay, and its superiority over traditional systems has not fully sunk in yet. He believes that if people realized the societal impact that this space could have, the valuation of the entire crypto market would be much higher.

In conclusion, Gün Sirer highlights the need for the general public to recognize the immense value and potential of cryptocurrencies and blockchain technology. He urges individuals to look beyond the speculative nature of the market and understand the transformative power it holds for various industries, particularly finance.

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