Will Crypto Trading Go Global in 2020?
“Fidelity Digital Assets, the company will offer institutional investors custody services, a cryptocurrency platform and advising to its institutional clients.”
Fidelity is bringing crypto trading to the “masses” of institutional investors.But the click bait did get me thinking, “Who are the masses?” and “Why would they ever care about cryptotrading?”
The reasons these two questions are important is because without understanding who the market is, how big its potential is and its appetite, if you’re in the “crypto-trading” business you may find that you’re fishing in a thimble.
Are the “masses” ready for crypto trading? I’d say no.Globally, the world’s markets tetter on the edge of a recession and the masses come closer to falling over yet another fiscal cliff.In this era of uncertainty, from Brexit to Trump, the masses are concerned about the day to day of making ends meet and where the next meal is coming from.
Will there be a place for crypto trading? Yes, eventually.Cryptotrading will become a thing for the same reason that Wall Street and the stock market is a thing.
The next generation of dreamers will be looking for a “new” and “easier” pathway to riches and wealth.Some will win, as is the case with all investing and speculating.
Other, the majority of future cryptotraders, will lose.
They’ll lose for a very simple reason.When it comes to speculating on the value of dice, the house always wins.
What does the future of mass adoption of cryptocurrencies and trading look like? Ultimately, it looks a whole lot like a well regulated industry, filled with consumer protections, platform fees and few winners.Brining crypto trading to the masses…looks a lot like our current system of day trading, with the same institutional players in new blockchain based costumes.
Thank you for reading my article.On LinkedIn and for the Blockchain Business Magazine I regularly write about technology, cannabis, crowdfunding, health and compliance investing trends.
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About Samson Williams
Samson is an internationally recognized anthropologist and expert in Operations & Technology, Blockchain, mobile payments, mortgage finance and organizational change management driven by FinTech innovation.Samson is ranked among the globe’s top innovative technology professionals for his cutting-edge research and applications in crowdfunding, tokenomics and digital securities.
Samson is the co-creator of the University of New Hampshire School of Law’s Blockchain, Cryptocurrency & The Law Certification Program, adjunct professor at Columbia University in NYC, a Board Member of the Crowdfunding Professional Association, contributor at the Blockchain Business Magazine and Principal consultant at Axes and Eggs .For business inquiries Samson can be reached at [email protected]
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