Crypto is considered a completley new asset class. The first Crypto Currency - Bitcoin, has been created in 2009 by an anonymous person known as Satoshi Nakamoto. Satoshi Nakamoto introduced the blockchain. The blockchain enables secure and transparent connections without the need of any third parties.
That being said, we're not trying to explain the underlying technology. Bitcoin was the first and famous blockchain powered crypto, but there have been many variations of this technology in different cryptos. However, what is clear, is that blockchain and cryptos are here to say.
There are several influential people in the Technology and Financial world that see the value Crypto brings and their potential to reshape the financial landscape. Here a snapshot of a few of them.
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The future looks favorable towards cryptocurrency. Interest in digital currencies is growing, with many people becoming curious about decentralized finance (DeFi) and non-fungible tokens (NFTs). These innovations show just how versatile blockchain technology can be. Financial institutions are not just watching from the sidelines; they are actively looking for ways to use digital currencies in their everyday operations.
Governments are also taking notice and are working on rules to help guide the use of cryptocurrencies. This effort to create regulatory frameworks shows that they recognize the importance of digital currencies in our economy. As more people start using digital solutions, the role of cryptocurrency will continue to grow and become a standard part of financial life. Overall, it’s clear that cryptocurrency is not just a passing trend; it’s becoming an important part of our future. Embracing this change now can lead to exciting possibilities down the road.
A good example of the Regulatory & Financial adoption are the ETF's that have been available on the NASDAQ since February 2024.
| Symbol | ETF Name | Asset Class | Total Assets ($MM) | Avg Volume |
|---|---|---|---|---|
| IBIT | iShares Bitcoin Trust ETF | Currency | $56,340.57 | 47,765,148 |
| GBTC | Grayscale Bitcoin Trust | Currency | $14,913.60 | 4,064,407 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | Currency | $19,000.00 | 4,424,546 |
| ARKB | ARK 21Shares Bitcoin ETF | Currency | $4,300.00 | 960,201 |
| BITB | Bitwise Bitcoin ETF | Currency | $3,800.00 | 2,282,982 |
Assets Under Management as of February 9th 2025
In summary, if you see the potential of cryptocurrency's upward trajectory, it's crucial to get involved and start learning. The crypto space is not just about investing; it includes technology and innovation. By immersing yourself in this world now, you’ll gain valuable insights into how cryptocurrencies and blockchain work, as well as their impact on the future of finance.
Being informed will help you make better decisions, whether you choose to invest, work in the industry, or simply stay updated on developments. This is your chance to understand a movement that could reshape finance for generations to come. Don’t miss the opportunity to get educated and prepared as this digital revolution unfolds. Embrace the learning journey now, and you’ll be ready to take advantage of the exciting opportunities ahead.