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JMP Securities: The Crypto Economy Is Entering the Mainstream
Summary: Investment banking and asset management firm JMP Securities says that “The crypto economy is entering the mainstream,” emphasizing that crypto “adoption and early use cases have established ‘escape velocity.” However, the firm’s analysts noted that “the industry is still in its formative stage.” The analysts further explained that “The industry is far from perfect today, ...
Investment banking and asset management firm JMP Securities says that “The crypto economy is entering the mainstream,” emphasizing that crypto “adoption and early use cases have established ‘escape velocity.” However, the firm’s analysts noted that “the industry is still in its formative stage.”
The analysts further explained that “The industry is far from perfect today, scams do exist, regulation is undeveloped, and the industry needs more education given technical aspects of the space that make adoption and usage not always intuitive.”
Nonetheless, they believe that the industry’s potential “warrants continued investment and development,” adding, “We anticipate many of the current perceived negatives in the space will continue to improve with further maturation and time.”
By Amy Liu
Tags: Crypto,JMP Securities
Link: JMP Securities: The Crypto Economy Is Entering the Mainstream [Copy]
