The American supplier of cryptocurrency indices Bitwise believes that Facebook 's steablcoin Libra has accelerated the development of the whole industry by 2-3 years. Such a statement was made in a Bitwise letter for investors, published on the company's website on August 1.
“Thanks to Libra and Congress, we have just moved into the future of cryptocurrency for 2 or 3 years, speeding up all discussions, debates and discussions among the broad masses ,” writes the head of research Bitwise Matt Hougan.
According to Bitwise, against the backdrop of the Libra announcement and the congressional hearing that followed, "people began to realize that they could no longer ignore cryptocurrency." At the same time, the company recognizes that not all the attention paid to Libra and Bitcoin now can be positive, and certain requirements of regulators can have a negative effect on the future of the industry.
Bitwise expects regulators to tighten control over areas that were previously out of their sight, including initial coin placements (ICO) and trading platforms.
“But even this supervision and attention will be positive for cryptocurrency in the long term. Investors will be confident that regulators are involved and create guidelines for the formation of a more mature version of the cryptocurrency industry, ”the publication says.
Published 05.08.2019
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