Despite the relatively rapid movements of the markets, asset classes can seem like a staid affair. They don’t change that often, and when they do it seems like a natural bit of movement. The major issue, of course, is that people start investing in assets before they become an ‘official’ class. Investors are always looking for new ways to make money and they’ll follow any potential investment – even if it lies outside of the traditional channels. Nowhere is this better seen than in cryptocurrencies, a type of asset that is gaining a significant amount of traction among investors. The major question surrounding the currencies at the moment is whether they will become another legitimate asset class.
In some ways, the question has already been answered – people invest in the cryptocurrency market, and thus it doesn’t matter what the official line on the currencies might be. Prices are already surging and smart investors are jumping on board these currencies as quickly as possible. It’s already reaching the point where certain coins have high enough market capitalization to stand toe to toe with traditional investments. Ignoring this market would seem to spell doom for those who stick to more traditional investments.
Cryptocurrencies Like OneCoin Become More Legitimate
The engine that fuels this growth seems to be a movement to ensure that cryptocurrencies will become a legitimate asset class in the near future. You can see the certain coins like OneCoin are already making moves to make themselves more attractive to investors and, ultimately, even regulators. They keep the spirit of crypto alive by providing anonymity, but with more responsibility than the rogue coins that came before. This helps to make investors less nervous about how the coins work and makes them more likely to invest. As investors become more likely to invest, prices surge and the wheel continues to turn.
Cryptocurrencies are an asset class, and they’ll become more legitimate as time goes on. The currencies are already on the precipice of real, mainstream legitimacy – all it will take is a small push to send them over the edge. While it’s unlikely that all of the altcoins will make the transition, well-planned altcoins like OneCoin will soon be seen in the same light as traditional currencies or other investments. The day will soon come when portfolios will maintain a solid foundation in cryptocurrencies – it’s up to the individual consumer to decide whether the want to be ahead of the phenomenon or to play catch-up.