Bitcoin (BTC) and other cryptocurrencies take a permanent role in financial markets, simply other digital assets such as central bank digital currencies (CBDC) or nonfungible tokens (NFT) could likely outperform crypto, according to Standard Chartered CEO Bill Winters.

Speaking on a Standard Chartered conference call, Winters echoed the "crypto is hither to stay" narrative and said in that location's a office for non-fiat currencies, given the concerns nearly inflation.

"Broadly, we've gone through a long menstruation of depression inflation, and we've got key banks experimenting in uncharted territory with very, very loose monetary policy," Winters said, adding:

"Information technology'southward perfectly reasonable for people to want an alternative to fiat currency."

While the argue over fully decentralized cryptocurrencies are more benign than administered crypto continues, Winters believes the market place will have the final say. "If there's a role for these instruments in the market, there volition be a role for us to back up that, always field of study to regulatory guardrails," he added.

Related: Billionaires are backing Bitcoin over gold... but some say Ethereum is even ameliorate

Winters' bank is known for its positive approach to cryptocurrencies and digital assets. Concluding month, Standard Chartered joined the crypto and digital finance industry membership body Global Digital Finance (GDF) Patron Board. Equally Cointelegraph reported, the bank will help engage with international regulators, lawmakers and others in the industry to advocate for digital assets as a member of the GDF.

The British banking company too reportedly plans to launch a crypto exchange. A report from June claimed that Standard Chartered has partnered with Hong Kong exchange owner BC Applied science Grouping to launch a platform for the United Kingdom and European institutional market.

Recently, Orlando Bravo, co-founder of multi-billion-dollar private equity firm Thoma Bravo, expressed confidence in cryptocurrencies, saying, "Crypto is just a nifty system. It's frictionless. It's decentralized. And immature people want their own financial arrangement. So, it is here to stay."