Investment investors are gearing up for the next wave of investments and there’s no better time to be an investor than right now.
A new study by financial technology provider FXC has found that the global market for cryptocurrencies is poised to reach a record $2 trillion, a level previously only experienced in a handful of countries.
The report, titled The Future of Investing in Cryptocurrencies, said the growth of the market could mean the market for bitcoin and other cryptocurrencies will surpass $3 trillion in 2018, a record for any asset class.
“Investment opportunities are on the rise in cryptocurrency, with investment companies increasingly seeking out and exploring the market’s potential, particularly when compared to other asset classes, according to the report,” said FXC chief executive officer, Peter Rau.
“The demand for cryptocurrencies could make it hard for traditional financial institutions to compete, and this has the potential to negatively impact the long-term stability of the global financial system,” he added.
“For the past three years, the global cryptocurrency market has witnessed a massive amount of growth, reaching $2.2 trillion by mid-2018, an increase of over 60% over the last 12 months,” said Mr Rau, adding that while the number of cryptocurrencies has exploded, it’s still only $400 million, compared to $1.6 trillion in bitcoin, at the end of 2016.
“Cryptocurrencies are currently valued at $1,928 billion, making them the most valuable asset class in the world, but if they can keep this pace up, they could potentially reach $2trillion in 2018,” he said.
“There’s still a long way to go before this number is surpassed, but we believe it will happen in the next three years.”
Mr Rau said it’s important for investors to understand the potential impact of this new wave of investment opportunities.
“If you invest in cryptocurrencies, you’re essentially buying a piece of the pie.
You’re investing in a piece that’s growing at a phenomenal rate and potentially the future of financial innovation,” he told news.com:au.
The Future of Investment in Cryptos: The Future is Now article The future of investment is on the horizon for crypto investing.
FXC’s latest report said crypto is poised for an “unprecedented” boom, as new investment opportunities are emerging in different industries.
“It’s no secret that the financial sector is one of the most vulnerable sectors in the global economy.
As we enter a period of global disruption, this is particularly relevant as financial markets are one of only a handful that can survive without an influx of capital,” said Dr Andrew Kohn, chief investment officer of FXC.”
We expect crypto investment to be a driver for an unprecedented wave of growth in the cryptocurrency sector, as more people, more companies and more individuals look to invest in this emerging technology.””
Investors should not be left behind, and they need to act now to ensure that crypto has the chance to become the next great global asset class,” he continued.
The full report can be read below:Topics:investment,financial-market,industry,business-economics-and-finance,investments,technology-and,cryptocurrency,finance-and_investment-andreform,crypto,world-crypto-currency,united-statesMore stories from New South Wales