What Investors Should Know As Meta Gets (Back) Into Crypto
Meta (formerly Facebook) is getting back into crypto
Markets and investment trends tend to move in cycles, and the cryptoasset sector is no exception to this rule of the marketplace. As TradFi institutions continue to deploy blockchain affiliated projects, including the launch of a stablecoin by SocGen running on the Ethereum blockchain, the adoption and acceleration of cryptoassets continues virtually unabated. Even as the sentiment toward crypto improves, prices of bitcoin and other cryptocurrencies increase, and the policy landscape pivots toward a pro-growth outlook there remain significant obstacles to mainstream utilization. For example, the tax treatment of crypto is an inhibitor to retail utilization of crypto as a…
