CNBC had the opportunity to talk with the Nvidia CEO Jensen Huang who expressed his opinion on cryptocurrencies, the stance of the company and about various other innovative technologies.

He stated that there is a real need for ‘low-friction’ and ‘low-cost’ financial instruments for exchanging value. He is not wrong because the overall cryptocurrency market capitalization has been booming in the past few years even if we take the sharp decline since earlier this year into consideration.

He told the CNBC reporter that “Blockchain’s going to be here for a long time and it’s going to be a fundamental new form of computing,” Huang also added “I expect blockchain, I expect cryptocurrency to be an important driver for GPUs.”

Even though crypto was probably responsible for their sharp rise in share prices, the CEO also explained that crypto still has to grow a lot to be their main driving force as a company as games, professional graphics and data centers still result in higher demand overall.