Dan Schatt, a leading expert in the cryptocurrency space, is leading the charge in transforming crypto trading for the masses as the chief executive officer and co-founder of Earnity, a startup that has developed a new social cryptocurrency marketplace by the same name.
The platform is where investors can gift, collect, learn about, and earn their favorite tokens. In other words, they can dive into crypto together. According to Schatt, his new crypto marketplace is invaluable given cryptocurrency’s immense growth potential.
As a general rule of thumb, cryptocurrencies generate greater potential returns compared with other types of assets. Even though the technology behind such currencies is relatively new, assets remain among the top-performing during the past decade. For example, in a single year recently, bitcoin’s value rose by over 700% compared with the mere 45% growth realized by stock market assets and the 5% growth realized by gold.
At the same time, cryptocurrency markets are usually more volatile than traditional ones are. The volatile nature of crypto is because digital coin prices could easily drop or rise by 10% or more in just a few minutes. These constant fluctuations resulting from emotions, psychology, and speculations drive the cryptocurrency. Nonetheless, institutional investors today are diving into cryptocurrencies and becoming a major force behind this market. Motivated and a more knowledgeable crypto community may result in a less volatile and more liquid crypto market long term, according to Schatt.
In addition to leading Earnity, Dan Schatt is one of Stockpile, Inc.’s founding executives and also serves as the company’s CCO. Schatt is additionally a former GM at PayPal, where he was responsible for overseeing financial innovations. The business maven is a published author as well, having written Virtual Banking, A guide to Innovation and Partnering—a highly rated guidebook on competing in today’s financial environment.