The American banking giant Morgan Stanley recently published its crypto report, which analyzes important trends in the industry and the blockchain industry. In addition, the document states that over the past year, Bitcoin and Altcoins have become a “new institutional investment class.”
According to the report, at the turn of 2017-2018. there was an important transitional period. As a result, cryptocurrencies have become a more profitable investment class due to lower volatility and increased public awareness of markets.
The report's authors suggest that traditional financial markets are likely to start switching to digital assets and distributed accounting technologies (DLT). This will happen because it has long been necessary to simplify transactions.
“We believe that in the coming years, the focus will shift to cryptocurrency transactions. At the same time, transactions will be conducted only through distributed registries, and not through the banking system, ”the document says.
In addition, the report lists some of the problems of the cryptoindustry, including the absence of regulatory requirements or their non-compliance.
According to the authors of the report, these problems can be solved by licensing cryptocurrency exchanges . To do this, you must oblige the company to obtain permits from the regulator. It is assumed that this will also prevent fraud and allow institutional investors to feel more comfortable in the market.
Another problem of the cryptoindustry, according to Morgan Stanley, is the growing popularity of steyblcoins . The report says that they may soon replace fiat currencies. According to the researchers, the steylcoin has such great prospects that it is likely that over time they will force out Bitcoin and other regular cryptocurrencies.
