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This questions has been bugging every Crypto investor and all the digital currency enthusiasts for a while now!
Lets put an end to this analytically.
This will allow institutional investors and investment banks to speculate in Cryptos. They will be able to add to their existing asset classes and diversify their portfolio further by taking positions in crypto-assets.
The following graph from InWara’s Q3 report puts things into perspective.
This graph plots the RoIs of top listed ICOs between July 1st, 2018 and September 30th, 2018.
The vertical lines A, B, C, and D represent an event or news that may have affected the cryptocurrency market. The line ‘A’ represents the day when SEC officially postponed its approval hearing of Bitcoin ETFs.
The delay, as you can very well see caused a massive crash in the Crypto space with ICOs tanking more than 50%.
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