Goldman Sachs, Citigroup and finance industry leaders on what the markets could look like in 2052

Adena Friedman, president and CEO Nasdaq Inc.

But there are big caveats to that. One is crime management. If the digital-asset ecosystem does not take crime management seriously, governments just won’t allow it to be adopted in a mainstream way. And then the second is the scalability of the digital-asset ecosystem has to match—and frankly, surpass—the scalability of what the traditional markets are able to achieve today.

But to drive innovative climate technologies and a faster transition to clean energy will require a much greater amount of capital than those other areas. We are moving towards a boundless virtual economy in which markets do not open or close, digital asset on- and off-ramps are limitless and metaverse activities are widespread. Digital assets will be widely embraced and securitized and we will see asset “avatars” that exist in more than one form between traditional assets, digital native assets, and tokenized versions of traditional assets.

We can look at what we have right now that might be in the early stages that the internet was in ’92. There’s a lot of stuff going on. The impact of crypto is unknown. The impact of new medical technologies, for example mRNA technology, is unknown. The ability to advance many fields using AI. These three areas, in a way, remind me of 1990 and the internet.

We’re living in an increasingly polarized world characterized by conflict between and within nations, with trust in the institutions and systems that fostered collaboration for decades sharply degrading.

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