Crypto’s mainstream moment and what it means for Australians
Institutional backing of cryptocurrencies continues to grow, with asset manager BlackRock one of the world’s largest holders of Bitcoin and a pioneer of Bitcoin exchange-traded funds (ETFs). Governments around the world are also looking at establishing cryptocurrency strategic reserves.
“You’ve got significant capital coming through in support of cryptocurrencies, with traditional fund managers and advisors starting to treat it as a legitimate new asset class,” Stanic says.
“This vote of confidence in cryptocurrency is certainly helping it find mainstream acceptance in Australia with mum and dad investors, who are looking at it beyond mere speculation.”
At the same time, there is an increasing focus on education as investors…
