{"id":194164,"date":"2023-09-26T13:40:31","date_gmt":"2023-09-26T13:40:31","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=194164"},"modified":"2023-09-26T13:40:31","modified_gmt":"2023-09-26T13:40:31","slug":"bernstein-research-say-crypto-asset-management-industry-to-hit-650b-in-5-years-from-50b-coinpedia-fintech-news","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/bernstein-research-say-crypto-asset-management-industry-to-hit-650b-in-5-years-from-50b-coinpedia-fintech-news\/","title":{"rendered":"Bernstein Research Say, Crypto Asset Management Industry to Hit $650B in 5 Years from $50B – Coinpedia Fintech News"},"content":{"rendered":"
The crypto asset management sector is poised for extraordinary growth, with projections indicating a potential increase to $650 billion in five years, up from its current valuation of $50 billion. This significant surge underscores the rapid evolution of the cryptocurrency landscape.<\/p>\n
According to insights from Bernstein, Research analysts, led by Gautam Chhugani, have projected an astonishing growth trajectory for crypto funds, estimating that they could surge to an impressive $500 billion to $650 billion within the next five years. This marks a remarkable leap from the current valuation, which hovers around the $50 billion mark.<\/p>\n
The experts at Bernstein Research have found a few critical reasons for this. One of the main reasons is the possibility of something called a spot Bitcoin ETF.<\/p>\n
Last month, something really important happened in the world of crypto. A court in the United States said the SEC should reconsider their decision to say “no” to a spot Bitcoin ETF from Grayscale.<\/p>\n
The court said it doesn’t make sense for the SEC to allow one kind of Bitcoin ETF but not another. The SEC has until mid-October to say if they agree or disagree. This is also when they decide if other companies can make their own Bitcoin products.<\/p>\n
According to the experts, if the SEC says “yes,” we could have Bitcoin funds as early as next year. They also think these funds could be worth about 10% of all the Bitcoin and Ether, another cryptocurrency.<\/p>\n
It’s not just Grayscale; big companies are getting involved too. names like BlackRock, Fidelity, WisdomTree, and Invesco have asked permission to make their own Bitcoin ETFs, showing that big businesses are interested in crypto.<\/p>\n
But it’s not just Bitcoin; some companies are also thinking about products related to Ethereum, another kind of cryptocurrency.<\/p>\n
PayPal, the company you might use for online payments, has launched called PYUSD a stablecoin, which is like a digital dollar. And Visa, the company known for credit cards, is testing a way to let you pay for crypto stuff with regular money.<\/p>\n
The future of crypto asset management looks pretty exciting, with a chance to be worth $650 billion in just five years.<\/p>\n