Crypto Is Becoming A Mainstream System, Says A Report By JMP Securities, Citing Adoption Figures

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crypto economy growth and mainstream adoption

The Crypto Market Evolution Research

Earlier this week, analysts at JMP Securities published a research results on cryptocurrency adoption. They stated that The crypto economy has entered the mainstream and noted:

The crypto market has come a long way in its short existence, and we believe both adoption and early use cases have established ‘escape velocity,’ whereby binary arguments about its fate are all but off the table at this point.

Additionally, the analysts noted that current industry conditions are far from perfect, scams are rampant, regulations are weak, and more education is needed over the industry’s technical features that prevent adoption and usage.

Nevertheless, they believe the industry’s potential shall continue to be supported and developed, adding that, they anticipate many of the current perceptions of negatives in the space will improve with further maturity and time.

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The anaylists from JMP Securities added in there report that in the early days of bitcoin, “the crypto ecosystem was unproven and uncertain.” Furthermore, they noted: “Today, we believe that negative view has been substantially de-risked with adoption acceleration and expanding utility strengthening the foundation, already looking more like a relatively established network, despite what we view to be the early innings of an exponential longer-term growth cycle.”

Analysts see Coibnase, Nasdaq-listed crypto exchange, as an important player in the broader crypto market. The authors concluded, despite exponentially increasing adoption of cryptocurrenciesthat companies providing the infrastructure to support this growth (such as Coinbase) will reap enormous rewards.

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Chris Munch

Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.