Why It Pays to Remain Bullish on Cryptocurrencies

At the moment, the cryptocurrency market is a volatile mess.  

But we believe that patience will eventually be rewarded quite well.

For example, the US SEC's Office of Compliance Inspections and Examinations just identified cryptocurrencies as one of six regulatory focal points for 2019. That means that more attention and resources will be directed at coins, given its rapid growth and risks to retail investors.  

"Given the significant growth and risks presented in this market, OCIE will continue to monitor the offer and sale, trading, and management of digital assets, and where the products are securities, examine for regulatory compliance," according to Hacked.

We must also consider that eventually, according to the US SEC, we will see an approved Bitcoin ETF. And once institutions begin to flood into the market, money managers could begin to package cryptocurrencies into mutual funds and ETFs.  

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They could even be used in 401(k)s and IRAs as regulated investments, according to Investor's Business Daily. "That means anyone with a brokerage or retirement account could make a Bitcoin investment eventually. Institutions also will pass on the benefit of seamlessly and safely buying, selling, storing and spending digital assets to their customers."

At the same time, the NASDAQ and the Intercontinental Exchange (ICE) have plans to Bitcoin futures trading, joining CME Group and CBOE Global Markets.

Fidelity recently announced its Fidelity Digital Asset Services. All in an effort to target institutional investors like hedge funds and family offices.

"Our goal is to make digitally native assets, such as bitcoin, more accessible to investors," Fidelity Investments Chairman and CEO Abigail Johnson said, as quoted by CNBC. "We expect to continue investing and experimenting, over the long-term, with ways to make this emerging asset class easier for our clients to understand and use."

We must also consider that the NASDAQ is just beginning to broaden its position in cryptocurrencies, too. For example, it just announced the introduction of Bitcoin and Ethereum indices as part of its global index service, as noted by BTC Manager. Even better, the NASDAQ plans to launch a Bitcoin futures trading platform this year.

In short, there's plenty of opportunity in cryptocurrencies. Once the US SEC gets out of the way, the floodgates will swing open wide. And we could very well see a return of the prices that many of us enjoyed in 2017. It's coming. We just have to be patient with our current positions.

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