The continued decline in the cryptocurrency market is a good time for the community to strengthen infrastructure fundamentals, according to the chief strategy officer of European digital asset manager CoinShares.

CoinShares is one of the largest digital asset investment companies in Europe, with net assets exceeding $260 million by the end of 2021. According to the latest CoinShares weekly fund flow report, digital asset investment products seen releases totaling $423 million last week, the largest since recording began by a wide margin.

The report noted that outflows were likely responsible for Bitcoin (BTC) falling to $17,760 on June 18, marking the lowest price level recorded since 2020. More resilient crypto and decentralized finance infrastructure will help no only to provide security, but would also allow for more decentralization, Demirors said in an exclusive interview with Cointelegraph on June 9.

According to CoinShares CSO, the current crypto infrastructure relies heavily on centralized service providers like Amazon Web Services and others. There are many ways to build peer-to-peer networks to perform computations, have better telecommunications, better broadband connectivity and decentralize and make the energy grid more resilient, the executive said.

“I come from the oil and gas industry and infrastructure investing, so for me it’s fun to come full circle, but to incorporate crypto-economy and some of these principles of decentralization into the investment in infrastructure to make our global systems more resilient,” Demirors noted in the interview.

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Demirors also mentioned that she is very excited about decentralized IDs and verifiable credentials, as well as using Bitcoin as a communication protocol. She said a higher level of infrastructure would make cryptography more resilient to attacks and vulnerabilities that come from “the fact that bits and bytes require atoms to function,” adding:

“We’ve been so focused on tokens, money, and Web3. I think it’s time to refocus on the underlying infrastructure layers that make all of this possible and to really think about how we make crypto more resilient.”

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