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It’s time for the philanthropic sector to embrace digital currencies

Published 12/05/2021, 02:11 AM
Updated 12/06/2021, 04:00 AM

The amount of cryptocurrencies on the market has skyrocketed from 500 in 2014 to nearly 7,000 only seven years later in October 2021. A reported 14% of people in the United States — which roughly equals 21.2 million people — have purchased some form of cryptocurrency, with more than 300 million crypto owners estimated worldwide.

It’s clear: Cryptocurrency is here to stay, and its path to global recognition and success has only just begun. I have shared before how and why innovative sectors of longevity and biotech should cooperate with digital currency visionaries to future-proof their work. Crypto founders, CEOs and purchasers are already breaking down barriers and contributing to a more decentralized future in their everyday lives. By empowering individuals with access to diverse assets and opportunities to invest outside of traditional financial offerings, the cryptocurrency industry is creating a future built with innovation in mind.

Garri Zmudze is a managing partner at LongeVC, a Switzerland and Cyprus-based venture capital firm accelerating innovative startups in biotech and longevity. He is a seasoned business expert and angel investor with several successful exits across biotech and tech companies. He is a long-time supporter and investor in biotech companies including Insilico Medicine, Deep Longevity and Basepaws.

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