Bitcoin's slump has undermined cryptocurrency's mainstream march

in #lsdkhls2 years ago

Once viewed by serious investors as a bit of a financial freak show, cryptocurrencies have recently become a 'must' of mainstream investing.

Standard Chartered, BNY Mellon and Morgan Stanley are among the big names investing in crypto-centric companies. Many more have given their support to blockchain-focused start-ups; Built-in technology that has applications beyond Bitcoin.

The move towards crypto has been partly fueled by the epidemic, as government stimulus and cheap debt have encouraged investors to experiment in search of bigger returns.

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