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Cryptocurrencies could become viable asset class for investors


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Old 11-05-2021, 08:34 AM
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Default Cryptocurrencies could become viable asset class for investors

Cryptocurrencies could become viable asset class for investors




Regulators around the world are cracking down on cryptocurrencies. China has banned them. The United States is considering a range of measures aimed at reining them in.

Usually before you start playing SLOT XO games. All players must clearly define the bets we play each day. That's a good thing and should be done a lot, but another thing that always comes down to dead horses.

The Bank of England is developing capital requirements for financial institutions that hold them.

But, far from spelling disaster for the crypto industry, regulation is vital to its long-term prospects.


THE BIRTH OF “REVOLUTIONARY” BLOCKCHAIN
The crypto market’s development began with what can best be described as the “product innovation” stage.

Blockchain technology enabled people to approach old questions (What is money? How can art be created and valued?) in new ways. This resulted in highly visible applications, such as virtual currencies and tokenised artworks.

But it also enabled less glamorous innovations in a wide range of areas, from tracking container shipments to improving the integrity of healthcare records.

Will blockchain’s impact be revolutionary? It depends what you consider a “revolution.” Northwestern University’s Robert Gordon, for example, questions whether the impact of more recent technological innovations will be as far-reaching as that of previous breakthroughs.


CRYPTO IS BECOMING AN ASSET
Now, cryptocurrency is entering the next phase of its evolution: Becoming an investable asset. To be sure, cryptocurrencies are already an asset, with a market capitalisation of around $2 trillion.

But it is a market marred by fraud, scandals, insider trading, pump-and-dump schemes, and other shady or illegal activities.

This is the case even for the “safest” cryptocurrencies, stablecoins, which are supposed to be backed by hard currency.


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