Is crypto about to break into the financial mainstream?
Cryptocurrencies such as Bitcoin are at an interesting juncture at the moment – seemingly on the cusp of breaking into the financial mainstream or suffering a slow death due to a lack of regulation.
Even central banks are beginning to realise the attractions and benefits of cryptocurrencies and their underlying blockchain technology, but they are also reluctant to step up to the plate and do anything about it.
At the same time the arrival of a crypto-based exchange traded fund in Australia – and similar funds appearing on overseas markets – is quickly pushing towards cryptocurrencies and related companies becoming a mainstream – albeit higher risk – investment for individuals and superannuation funds.