Bitcoin (BTC) Price to $100,000? Visa (V) Executive Says a 'Whole New Class' of Consumers is Entering Crypto Space

November 10, 2021 11:36 AM EST

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Cuy Sheffield, head of crypto at Visa (NYSE: V), believes the entire new class of mainstream consumers is entering the crypto space due to the non-fungible tokens (NFTs).

Speaking at the panel discussion at the Singapore Fintech Festival this week, Sheffield said that a new group of consumers are “setting up crypto wallets in waves” so they can start participating in the NFT space.

“Crypto is becoming cultural, it’s becoming cool. It used to be that if you were investing in crypto, you were kind of weird,” said Sheffield.

Kevin Lim, a director at Singapore state-owned investing giant Temasek, added the consumers are entering the crypto space in order to make “meaningful money."

In the meantime, Bitcoin (BTC) price is trading at fresh record highs above the $68,000 handle.

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