Cryptocurrencies are on a par with oil and gold

A well-known US businessman, Rick Edelman, whose investment boutique Edelman Financial Services LLC manages over $ 22 billion clients operating investments with assets in amount of $ 205 billion, said he consider cryptocurrencies as important to the world as oil and gold. Edelman, who in October of the last year said that Bitcoins are so interesting for investment in the long term that there is no need to worry about the near future of this and other cryptocurrencies, is confident that the securities and exchange Commission, SEC, sooner or later will allow an important derivative such as cryptocurrency exchange-traded investment funds (ETF).

Per analyst the USA is not able to control everything that happens in the crypto-currency sphere, since it is a global phenomenon and does not belong to any one country. On the other hand, he understands that there are large players who operate with gold and oil, and they do not want their clients to prefer other assets, crypto-currency tools, with which they do not work themselves yet.

Inactivity, together with a unwillingness to lose market share, may pause for some time the appearance of the ETF for the cryptocurrency, however, technological progress as Edelman is sure couldn’t be stopped. 74% of financial advisors, according to Edelman, now regularly face requests from clients to invest in cryptocurrencies or instruments that can be issued on their basis.