Cryptocurrency has existed for 12 years in the universe. With time, the number of users of cryptocurrency is increasing and it can be seen that about 57% of Americans have used or traded cryptocurrency. There may be more options for adoption but honestly speaking it is a staggering number. A comparison was held with the Gallup poll where it was reported that about 60% of Americans have their stock. Moreover, in the year 1611, the East India Company of Dutch shares the first stock exchange during that period. Moreover, the newly introduced exchange name Stock Exchange was relatively born in 1792. Experience the future of trading, click here and discover our incredible platform.
However, we can see that crypto is growing well and faster in the world of crypto. It is possible that crypto can become bigger than stocks. As crypto is used for both the purposes such as a currency system and an in-segment vehicle as well. Moreover, it is easy to sell, purchase, and even use every day. So as per the market trend, we can imagine that almost 45% of Americans are very far from the crypto market. Although it is a mysterious question and I also wonder about it. However, the Risk phobia is of course a big factor. Moreover, it is bounded by another point right after the first.
The time is running to begin investing in crypto to make a profit
There is a shadow wandering around the crypto market and it runs for a long period as it gains mainstream attention. So has it been so late and has all the profit gone away? Well, we can imagine the answer to this question. As we can see that the crypto investors are positioned in a well-stable area. Although it was a big issue one year ago when the trading of a bitcoin was about $68,000. Then we can say that the bitcoin trading is around $70,000. However, it is a general and important point of consideration and one of the biggest issues where we can see the new investment plans.
There is no point in discussing the cryptocurrency market before the war in Japan. But we can see a huge profit margin over that period. Although the volatility of the crypto market still exists it is like a blessing for some and a cause for others as well. Everybody is well versed in the volatile condition of the crypto as prices can suddenly go up and down. Moreover, we can say that it can be a gut-wrenching ride for day traders and even a long-term disciplined investor can also get frightened due to its sudden volatile condition. Moreover, those can have the opportunity through his volatile condition who wants to buy the dip that occurred in cryptocurrency.
The opportunity stands for Institutions when they see one
As per a recent study. It comes to the notice that almost 75% of the institutions play to buy crypto and the majority of the users i.e. almost 80% will be those who have already invested in crypto and if they already have then else they consider it as a proper service. Since several institutions are already putting heaps of money into crypto, the rest remain inactive and lose opportunities to gain in the crypto market because they find an easy and risk-free way. They prefer to work with some big names to confirm their possibility to gain more profit.
Conclusion
We cannot say that there is a lack of banks offering crypto services to institutions. Although the general public and organizations do not want to change the working criteria of banks. They feel more secure with their previous conventional way of payment. However, some legendary banks also offer cryptocurrency custodial services to institutional clients. However, some corporate clients can also trade in crypto as with stocks, bonds, and other asset classes.