70% Of Financial Executives Believes Cryptocurrencies Are Here To Stay: Greenwhich Associates

by | Sep 13, 2018 | Cryptocurrency, Cryptocurrency News

Cryptocurrency | survey | Cryptocurrency futures | financial executives

A new survey released by the consulting firm Greenwich Associates shows that over 70% of institutional finance executives believe that in the coming future, cryptocurrency will be a part of the industry.

The Richard Johnson, a vice president in Greenwich Associates’ Market Structure and Technology group and the author of the report said:

“They’re telling us that they don’t think it’s going away and that it’s here to stay.”

The survey questioned a pool of 141 institutional investment executives, who shared their thoughts whether, a regulatory framework will develop around cryptocurrencies, leading to growth and innovation, or that a few cryptocurrencies will survive and thrive, even if many others fail. 10 % of respondents said that a regulatory crackdown will eliminate the market altogether and another 10% believe that cryptocurrencies will remain a fringe asset class without mainstream adoption, and another 10% said that

Cryptocurrencies haven’t had a gala of the year up till now, the market has fallen over 70% from its peak in January. Concurrently, regulators question its volatility and hence its viability. The SEC slapped down 9 Bitcoin ETF Proposals, citing the lack of proper regulations.
Read more: SEC Issues A Cease-And-Desist Against A Crypto Hedge Fund

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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