The fate of cryptocurrency investments as well as the investors who tend to make investments in the world of cryptocurrency is always unknown for sure. According to the recent statement made by the team of global investments strategy at Wells Fargo, it wasn’t really too early for making certain investments in Cryptocurrency.
However, the team also mentioned that clearing all the different roadblocks that are regulatory will definitely increase the chances for proper cryptocurrency investments and hence will lead to the creation of higher quality options for investments in the future, according to Avalanche crypto news today.
The Wells Fargo Investment Institute, which is known to be the research division for Wells Fargo Wealth and Investment Management, has recently made a release of a particular report that highlights the apparent potential of different cryptocurrencies as certain investment opportunities that are akin to the days when the internet was just discovered.
In a report published on Monday that was titled, “Cryptocurrencies — Too early or too late?” Wells Fargo, the giant in banking referred to these cryptocurrencies as certain “viable investments,”. However, it also hinted there wasn’t any rush for all the investors to enter a market that was still immature and on the stage of development.
The team of Wells Fargo’s global investment strategy mentioned that it did not pledge to the impression that it was “too late to make an investment” in crypto, provided that the proper space is “relatively young” in terms of other asset classes.
According to the statement made by Wells Fargo, the technology that is used for the development of cryptocurrency is definitely following a particular path of adoption that is pretty similar to that taken by the internet when it was first made a thing. The consumers are still in the need for some time in order to properly figure out what this particular technology is in the first place.
They need to find out what cryptocurrency can do and how it will be able to provide them with different benefits in the best way. However, just like the case that happened with the internet, more and more people are interested in cryptocurrency.
This rise in the number would suggest that the world is effectively and quickly beginning to embrace the changes in technology in the best way. A cryptocurrency study that was published in July stated that the number of users of crypto globally has doubled from about 100 million and reached 221 million by January 2021.
“If this trend continues, cryptocurrencies could soon exit the early adoption phase and enter an inflection point of hyper-adoption, similar to other technologies,” mentioned the report. “There is a point where adoption rates begin to rise and do not look back […] Precise numbers aside, there is no doubt that global cryptocurrency adoption is rising, and could soon hit a hyper-inflection point.”
The report also mentioned that having removal of certain regulatory roadblocks was very important for superior adoption, making a note that the atmosphere was gradually altering to “coagulate cryptocurrencies as proper investment assets.” The Wells Fargo team recommended to potential users of crypto have patience and utilize the private placements in order to make their investments.
“There is no need to rush, as most of the opportunity lies before us, not behind us […] We are hopeful that regulators may soon approve mutual funds and ETFs backed by the digital assets themselves — may be as soon as 2022.”
As of October 2021, the Wells Fargo Investment Institute has offered proper guidance as well as advice on about $2.1 trillion in assets. The firm has made the announcement last year that it planned to involve certain qualified investors in the platform of crypto investment in the company.
