Is Cryptocurrency the future of trading and wealth management?

Is Cryptocurrency the future of trading and wealth management?

“Bitcoin will be the only global currency in next ten years”~ Jack Dorsey, CEO, Twitter

The engine of the world economy is single-handedly throttled by the grandest phenomenon of the millennial generation, cryptocurrencies. The world is quite familiar with the established importance of finance and wealth management traversing various domains and industries. In a business ecosystem primarily bootstrapped by technology, cryptocurrencies are paving their way into the lives of a common man and their financial portfolio. The exciting combat of fiat currencies and the crypto-asset management is best umpired by technologies like blockchain. These technologies are continually policing the timeline of financial development across the world.

The ‘Crypto-Affair’ stats: There exist 1000 Cryptocurrencies worth more than $400 Bn

Crypto Charisma & Smart Start-Ups

It doesn’t take Einstein’s mind to find the most persuasive reasons for cryptocurrencies to be coined as the future of trading and crypto-asset management. It is an undebatable fact that the millennial generation is behaving like a schoolboy fan of sincere entrepreneurship. The Silicon Valley has recently seen some of the finest minds of technology coming up with convincing and complete solutions in this regard.They are meticulously bridging crypto assets and regular trading portfolios all on a single platform that leverages digital innovation entailed by transparency. The morrow of fin-tech industry is all set to witness a new era with the cryptocurrencies being aligned on the same platform as your bonds, stocks, debentures sustainably leveraged by blockchains.

The Odds against…

Vivid Volatility

The rise and rattle of prices and net worth of assets in the crypto world is a matter of concern for business minds. One of the greatest inhibitions poised to financial players (till date) is the nascent pricing pattern shown by significant cryptocurrencies. It is a fact worth demanding your attention that cryptocurrencies with an ambassadorial front of bitcoin have risen to 13% in three days and also plummeted 21% in the next two. Such frequent instances of significant volatility portrayed by the largest cryptocurrencies like bitcoins become a great reason of distrust for the working hands of crypto-asset management to adopt the same.

Lacks Liquidity

The media has put forth an altogether different face of cryptocurrencies in front of the layman. It is an undeniable fact that cryptocurrencies peep out of the standard line of commerce. The unregulated assets of the world economy house cryptocurrencies and still make it difficult for the common man to buy and exchange crypto assets against their collective needs.

Speculation under Circulation

Another bright school of thought prevailing on the financial arena is the speculative nature of cryptocurrencies. The distributed ledger powered crypto-asset management seems to be primarily governed by false notions and the market news in the past. It is quite a disturbing fact for an investor that his total portfolio value is substantially influenced by market news and statements from ‘influentials’ across industries.

The Final Word

Crypto-asset management is all set to take a somersault about digital ledgers, blockchains all welcomed by smart entrepreneurs. The world is looking to solve this problem of inhibition and distressed in cryptocurrencies. It would take a walk along the timeline to eventually experience seamless and discriminated treatment of cryptocurrencies by investors.