THELOGICALINDIAN - There are few traders who arent acquainted that the Intercontinental Exchange ICE abutting the cryptocurrency affair several weeks ago It angry into some of the better account of the year so far What absolutely does this beggarly for the crypto and all-around markets
Few institutions are added advantaged to altercate technology than MIT. That’s absolutely why the MIT Technology Review has aloof appear a allotment on this above accident for both crypto and all-around markets. According to the Review, a accumulation of institutional investors in cat-and-mouse for a assurance to accompany money to the table accept aloof accustomed the sign. Perhaps the ICE will accommodate aloof the controlled ambiance they bare in adjustment to addition their aplomb in cryptocurrencies.
However, a abruptness may be in abundance as ICE attempts to administer the aforementioned rules acclimated for banking markets to crypto. Yet, the two are fundamentally different. Don’t balloon the roots of Bitcoin as an another to aggregate that money, banks, and accounts represent: it is the adverse of abounding facets about accompanying to money and stocks. In fact, Bitcoin — and cryptocurrency as a abstraction — break abounding of the issues and anomalies presented by banal markets. Wall Street and blockchain adeptness “evangelist” Caitlin Long explained why Bitcoin’s “perfection” can about-face into a above disadvantage for those who amusement it as a accepted banal or asset.
To end on a absolute note, Long additionally acicular out the advantages this move will accompany to the bazaar in an beforehand article in Forbes. Long thinks that ICE’s upcoming cryptocurrency exchange provides a band-aid to the aegis affair encountered by big investors (managing >$150 million) who are appropriate by the SEC to coact with a able custodian. The barter will additionally add a assertive amount of confidence, and a agenda of “mainstream adoption.”
Finally, the actuality that cryptocurrencies break some problems of banal markets may actuate how companies accession their basic through ICO’s. “I agnosticism it will be actual continued afore above accumulated issuers accompany Telegram and Eastman Kodak in adopting basic via these markets,” was Long’s conclusion.
What do you anticipate about the achievability that cryptocurrencies will break the problems encountered by the banking and banal markets? Let us apperceive in the comments below!
