JMP Securities sees that crypto penetrates into the mainstream, says that the introduction has reached the flight speed -
JMP Securities sees that crypto penetrates into the mainstream, says that the introduction has reached the flight speed -
The investment banking and asset management company JMP Securities says that "the crypto economy penetrates the mainstream" and emphasizes that crypto "the introduction and early application has established" escape speed ". However, the company's analysts found that "the industry is still in the founding phase".
"The crypto economy occurs in the mainstream"
JMP Securities recently published a research note in which the introduction of cryptocurrencies is discussed. The analysts found that "the crypto economy penetrates the mainstream", wrote:
The cryptom market has put a long way in its short existence, and we believe that both the introduction and early use cases have established the “escape speed”, which means that binary arguments about its fate are as good as off the table at this point.
The analysts continued: "The industry is anything but perfect today, there are frauds, regulation is unclear and the industry needs more education in view of the technical aspects of the area that does not always make the introduction and use."
Nonetheless, they believe that the potential of the industry "justifies continuous investments and development", and adds: "We assume that many of the currently perceived disadvantages in the industry will improve with further maturity and time."
They added that in the early days of Bitcoin "the crypto ecosystem was unpainted and insecure". However, they stated: "Today we believe that the negative view of the acceleration of acceptance and expansion of benefits that strengthens the foundation has been significantly reduced and already looks more like a relatively established network, even though we see this as the early innovations of an exponential development of long -term growth cycle."
The analysts also see the Coibnase crypto exchange listed on the Nasdaq as "flag carrier in the development of the broader crypto economy". They came to the conclusion:
Despite the exponential increase in acceptance, we believe that the industry is still in the start -up phase, and since the applications for crypto are growing quickly, we see enormous advantages for companies (such as coinbase) that provide infrastructure to support this growth.
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