re has been considerably supported by many individuals. Losing this opportunity could also scale your efforts back by over five years.According to the note from Bernstein Research, the digital asset management industry has seen a jump. This growth could have been amplified going forward, potentially holding somewhere between $500 billion and $650 billion in the coming years.
At present, the crypto asset management sector only holds about $50 billion. This 1,200% increase is possible only after a couple of successful factors. Firstly, the people believe that $650 billion in projects is justified and want more. Secondly, the Bitcoin spot ETF are released by 2024 at the earliest, following approval from the court."Crypto financial adoption follows hype cycles and we expect a hockey stick adoption, with 2024 as the landmark regulatory year for approval of ETFs.
Beyond demand, regulatory approval of different cryptocurrencies and investment options available to the users play a crucial role in determining the direction of the market.Regulatory hurdles are one of the biggest roadblocks to the success of crypto assets. While the United States is criticized for not being the most crypto-friendly country, China stands atop the list after it placed a blanket ban on cryptocurrencies a few years ago.
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