Saeed Eslami Bidgoli, a capital market expert, wrote in a note in the cryptocurrency special issue of reporters: If someone asked in 2017 whether cryptocurrencies are considered an asset class, he would have received a different answer to this question compared to the plan in 2024.
In fact, now the state of the cryptocurrency market has progressed in such a way that they can be safely called an investable asset. Now, cryptocurrencies are included in the investment portfolio of investment managers, and the acceptance of tradable funds based on cryptocurrencies has given rise to the idea that in the not-so-distant future, we will see more of them playing a role in the investment world.
In the traditional definition of the asset class, we believe that there must be a physical asset behind a financial asset, which previously, according to this definition, cryptocurrencies were not considered assets, but now we see that assets based on cryptocurrencies are being developed and can be explicitly He said that cryptocurrencies and of course their derivatives such as tokens and derivatives defined on them are part of the asset class.
Of course, what brings cryptocurrencies closer to the asset class is their relative acceptance by governments and their controllability. In fact, the rule of law on this part of investable assets will lead to its prosperity more than before in terms of popularity among investment managers and large organizations and funds.
Of course, we have seen what we saw in 2024 several times, the most important of which was in 2018. In that year, there were whispers of the arrival of a big wave of cryptos in the global asset class, but the failures that occurred in the markets and the frauds and corruption that sometimes occurred in this sector caused the trust in the public markets to decrease and the regulatory bodies for Accept them more carefully.
In addition, the traditional system of the global economy, i.e. the central control system of the central banks, also put up a lot of resistance, and due to the strength of this sector, they succeeded to some extent and this resistance was effective.
The current issue in dealing with cryptocurrencies is related to corporate risk management. Now the big investment companies of the world are adjusting their portfolio based on the level of risk taking to enter this market, which is also necessary and mandatory for their acceptance by the supervisory institutions.
Of course, a huge number of active people in this field do not have complete knowledge, but start trading based on various analyzes and news and charts. Therefore, our awareness of the fundamental events behind this new asset in the shareholder’s portfolio is much less. Although in the stock market, some people do not know what are the fundamental events that happen behind shares such as petrochemical companies.
But in large investment funds, there are many analysts who have more knowledge than the general investors, and the increase of investment funds in this market increases public awareness in this field.
Now the exchanges active in the field of cryptocurrency all over the world are competitors for classic services and will naturally be the targets of attacks, the keywords of which are lack of transparency and help in financing terrorism. This is while financing terrorism before the creation of cryptocurrencies.
It was also done and currently, cryptocurrencies have the least possible contribution in this process. On the other hand, nowadays it is said that some of the big whales of this market are the traditional market players and it is possible to negotiate with them and get their help in setting up the regulatory system.
However, the big players of the traditional markets feel the danger in their ears because some of these rules and regulations may change seriously and the rules of the game may change, and even though some of the traditional players are also players of this new world. However, this world also has new actors.
But we should not forget that we are all talking about this technology, which can be used in many ways. Today, blockchain technology is also riding on physical assets, it affects the treatment system, and it has a lot to say in education. Therefore, traditional market players can also use this technology to develop their services. Now, in this new world, we should not stand still, but it is better for regulatory bodies such as the government, stock exchange and insurance organizations to come in and update the regulations so that we can use these opportunities in sync with the world.
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