The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

When Bitcoin? Shift From ‘Consumer’ to ‘Institutional’ Puts BTC at the Head of the Crypto Asset Class: Report

by Daily Hodl Staff
November 13, 2019
in Bitcoin

A new report from digital asset management firm CoinShares pulls data from several industry leaders to analyze the big crypto picture.

The results show that over the past 10 years since the launch of Bitcoin, the market is transitioning from “consumer” to “institutional”, opening new segments with major players.

The next evolutionary step for Bitcoin is expected to be “Bitcoin banking” with key services for clients – banking deposits, insurance, investment products, cross-border payments and sovereign currency. The timeline for this next phase is 2022 and beyond.

For consumers, Bitcoin promises more financial inclusion.

According to the report,

“Today, 3.8B people, or 50% of the world has access to the internet and 42% have access to a smart phone, and while many are participating in online communities, many users are still cut of from the global economy and financial access outside of the local areas where they reside.”

The digital reach for global payments won’t be driven by banks but by devices and social media platforms.

Major tech firms, from Facebook to Samsung to Alibaba, are expected to usher in a more pervasive digital economy as millennials align their on-demand and on-the-go habits with their money.

The expanding digital landscape is generating blockchain-based counterparts alongside traditional assets and legacy structures – with Bitcoin in the primary position.

“Comparatively, bitcoin has been volatile, but on an absolute basis, it’s outperformed every other asset class over a comparable time scale.”

The report underscores the notion that crypto is still in its early days, still has a steep learning curve and still requires more time before its core concepts catch on and consumer traction takes off, generating new opportunities.

“The internet did not kill companies. It enabled new types of companies to grow and made existing ones more agile and efficient.

Bitcoin and open financial systems will not kill financial institutions. It will enable new types of companies to grow and make existing ones more resilient.”

What they thought of the internet before it was the internet. #bitcoin pic.twitter.com/AHx7haaZvj

— The Human Experience Podcast (@thehumanxp) October 12, 2019

CoinShares launched the world’s first regulated Bitcoin investment fund. You can check out the company’s full Crypto Trends Report here.

[the_ad id="42537"] [the_ad id="42536"]
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Narwhal Finance Secures $1 Million in Seed Funding Led by Animoca Ventures
    March 24, 2023
  • Sports Prediction App Pooky Launches Full Version of Its Play-and-Earn Game
    March 23, 2023
  • StormGain Launches StormGain DEX for User-Friendly Decentralized Crypto Trading
    March 23, 2023
  • KyberSwap Announces First-Ever ARB Token Liquidity Pools, Liquidity Mining and Trading Campaigns on Arbitrum
    March 22, 2023
  • Metacade Presale Hits Final Stage Before Listings, Raising Over $500,000 in Under 24 Hours
    March 22, 2023
  • Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners
    March 21, 2023
  • Metatime Raises $11M in Private Funding To Enhance Web 3.0 Ecosystem
    March 21, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,675.42
$27,675.42
2.55%
Ethereum
$1,755.01
$1,755.01
3.66%
Cardano
$0.363006
$0.363006
1.45%
XRP
$0.449503
$0.449503
2.17%
Dogecoin
$0.075357
$0.075357
2.24%

Spotlight

  • 6 Ethereum Altcoins Targeted By SEC Ahead of Coinbase Wells Notice
    March 22, 2023
  • White House Says ‘Bitcoin Has Not Announced Plans to Adopt Proof-of-Stake’ in Wild Economic Report
    March 22, 2023
  • The String Theory of Bitcoin Predicts Two More Months of Price Rally
    March 22, 2023
  • Bitcoin Currently Witnessing Its Best Marketing Campaign Ever, According to InvestAnswers – Here’s Why
    March 23, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl