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Cryptocurrency Fintech companies are having to deal with changing attitudes of cryptocurrency investors. The volatility around crypto has forever been here around. It has a wide potential that can transform the fintech industry. The rush towards cryptocurrency was beyond the control of any governments; however, people are slowing down with different events that shook the cryptocurrency industry which includes bankruptcies, stable coins losing pegs and DeFi rug pulls.
Frauds Scams Bankruptcies
While the frauds, scams and bankruptcies are true, the potential of cryptocurrencies is huge and it has all the features required for legitimate use. The price volatility is here to stay. Investors should dip test the crypto waters and engage in market activity sensibly. They need to keep track of regulator instruction.
Big Money Guys Testing Crypto Waters
Crypto asset trading, crypto lending and wealth management services are here to stay because the big money guys are already here testing the crypto waters. They will do what it takes to stay in the business by adopting advanced fintech services.
Well Known Cryptocurrency Asset Management Companies
Some of the noteworthy companies who ventured into cryptocurrencies are Multicoin Capital, Grayscale Investments, Wave Financial, Pantera Capital Management, Systematic Alpha, 10T Holdings, Bitwise Asset Management, Galaxy Digital, BlockTower Capital, Off the Chain Capital, Eaglebrook Advisors, ODIN88 Asset Management, Index Coop, Balancer and more.
Cryptocurrency Can Be Legitimate
Cryptocurrency is and can be legitimate. It is just that lawmakers would not allow adoption. There is so much that governments would lose out on if they allowed the parallel cryptocurrency ecosystem operate. It becomes a lot like a parallel pseudo government that would make the real currency a dummy. So, that is not something that anyone would like.
If There Is a Crypto Winter, There Will Be A Crypto Summer
Bear Market, Crypto Winter, and this is not here to stay forever it will change to Bullish Market and Crypto Summer. Of course, many are feeling unsafe transacting on Web3, very soon there will be stuff developers will come up with to prevent scams and frauds. That extra layer of security, which the cryptocurrency space wants, and the developers would want to come up with to stay alive in business.
It is too early to say that the cryptocurrency space is dead. It is just beginning, and more work is yet to be done. Not fair to allow a powerful innovation die, due to FUD when just a few layers of security will bring in the magic.
