Crypto assets attract the attention of not only private investors, but also large companies, as well as the largest investment banks. Why did institutional investors turn their attention to digital assets and what possible consequences could this have for the global financial system?
In addition, the largest US investment banks began to use cryptocurrencies. For example, JPMorgan announced its intention to create the first actively managed bitcoin fund. And Goldman Sachs promised to provide its customers with the opportunity to invest in cryptocurrencies as early as the second quarter of 2023
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What caused the interest
Chief executive officer of financial company Newcent, believes that the emergence of a new asset class can be compared to the role of the Internet in the economy. He argues that blockchain technologies and the cryptocurrency market have significant potential to influence the global economy, which may turn out to be completely unexpected.
At the same time, cryptocurrencies do not depend on the dollar and represent a new opportunity for market participants to conduct transactions regardless of US economic policy. This approach allows more international transactions and also creates new prospects for the economy.
Bypass restrictions
The head of the Six Nines data center, claims that at the present time, when there are many restrictions and sanctions, cryptocurrencies are regaining popularity after a period of calm. The use of digital assets to circumvent various prohibitions has its pros and cons. When it comes to cross-border payments that are overly regulated, the use of cryptocurrencies can be good news.
CEO of the CoinsPaid ecosystem, warns that cryptocurrencies can also be used for tax evasion, money laundering, and terrorist financing. Krupyshev believes that it is important to remember that cryptocurrencies are just a tool and that they are neither good nor bad in and of themselves.
Impact on traditional markets
Cryptocurrencies and traditional financial markets will begin to penetrate each other more and more. For example, it is already possible to purchase tokenized traditional shares on crypto exchanges, and shares of crypto companies and funds investing in cryptocurrencies on traditional exchanges.
According to the head of the Six Nines data center, some cryptocurrencies will have a significant impact on financial markets in the future. He is sure that some of them will be legalized and will receive support from regulators. At the same time, another part of the digital assets will not be able to come to light, but will remain operational, since governments also need tools to circumvent international laws. Also look interesting article about how to start accepting crypto in your webstore.
Regulatory interest
The main cryptocurrency, bitcoin, can be considered as digital gold, and in the future, some states may begin to buy it and add it to their gold reserves, the director of the financial company said. However, he noted that Russia and the US will not follow this trend.
It is likely that these countries will conduct experiments with bitcoin, but this will take place as part of closed procedures, said the CEO of financial company Newcent.
