With cryptocurrencies touching a new all-time high almost every week had resumed the talks on the future of cryptocurrencies. In Dec 2020, The chief global strategist of Morgan Stanley Investment Management had even suggested that Bitcoin could replace the dollar as a global reserve currency. And the reason behind that is there is a demand for a non-intermediated, direct payment asset, and crypto can serve that function. That is why stable coins, such as crypto assets pegged to the dollar, have proven of enduring interest.
Whether the future is good or bad, it is in the hotspot. People are reading and searching about it. For that visit Crypto Emotions, they have the best news articles about cryptocurrencies. Visit this website and you will get the full knowledge about the latest happenings in the crypto world and you can brush up your knowledge about the basics of this topic from their education section.
Their only aim is to educate people on cryptocurrencies and the technology blockchain. Their vision is of a world where people are all aware of this topic and seriously understanding and everything that is happening in the cryptomarket.
Today, with this article I will try to understand the future of cryptocurrency through the eyes of CryptoEmotions.
If we see the current market and go by the latest news about cryptocurrencies then we can definitely say that the future of cryptocurrency is very bright.
These days, Bitcoin is being promoted and supported by institutional investors. Big institutions like Fidelity Investments, JP Morgan, and PayPal are taking steps into the crypto space.
Many experts are referring the current bullish rally of the cryptocurrency to the same kind of rally in DEC 2017 when the market crashed soon after the all-time high. But we at CryptoEmotions believe that both movements are different, as that movement was fueled by normal investors, and today’s rally is fueled by the institutional investor’s big players like the above one.
Fidelity has its own digital asset division, JPM has released its internal digital token and PayPal will allow users to pay via their crypto wallets starting next year. Moreover, big Wall Street hedge fund guys like Paul Tudor Jones have taken a liking to Bitcoin. Jones has even suggested that Bitcoin will be the anchor to hold us down against impending currency devaluation, similar to the role of the gold standard in the 1970s.
Another good sign about this run is that few seem to be paying attention to Bitcoin’s impressive growth. Back in 2017, Bitcoin’s surges seemed to dominate headlines and conversation, which made it so that many who had never cared for crypto began to invest, hoping to get rich. The frenzy was unsustainable and resulted in the price falling greatly.
So, by this kind of big players buying the cryptocurrencies, we can see the bright future of it ahead. And you can be updated with all the latest happenings in cryptocurrencies with Crypto Emotions.