A renowned asset management and investment banking firm, that goes by the name of JMP securities has been in the crypto news recently and for good reason. One of the reasons is that JMP claimed that crypto could enter the mainstream market sooner rather than later. The firm’s experts had been taking a close look at crypto for a while and they noticed that the digital economy is quickly making its way into the mainstream market. This firm further added that the amount of early uses cases and adoption have resulted in escape velocity.
That being said, JMP also claimed that despite crypto has been around for a while, the industry is still young and still has a long way to go. The securities firm published a study that extensively discussed the matters of crypto adoption. One of the main talking points about this research was how crypto was being adopted and how quickly it has made its way into the mainstream. A large number of renowned analysts had plenty to say about this.
One of them even went as far as claiming that the crypto industry has made massive strides in a very short period. The analyst further went on to say that the industry still has a long way to go ad its cases of several adoptions have led to escape velocity. With the amount of crypto investments increasing rapidly, it would be fair to assume that there are a lot more changes about to happen in the crypto space.
Sure, it would be fair to say that this industry is still in its primitive stages and it is far from being perfect. It is a significant reason why there are plenty of scam and fraud related issues that people face. These issues often cause people to lose a great deal of money and investments. Fortunately, however, more and more countries are taking these issues seriously and working on implementing airtight regulations. While there is no denying that most of the regulations are far from perfect, the fact that they are being implemented is a sign of improvement.
After the bitcoin boom happened, the entry of digital currencies into the mainstream market almost seemed inevitable. However, people did not know how much time it would take to make its way in online shops and other things. That said, the use of crypto for a variety of transactions is quite prevalent. People prefer using their digital currencies for making transactions because of the high-level convenience on offer. It is a major reason why crypto investment has tripled recently and will only continue to increase down the line.