Crypto Cleanup Sets Stage for Mass Adoption in 2024
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2023 brought increased regulation and cleanup in crypto, setting the stage for major developments in 2024 like potential spot Bitcoin ETF approval and influx of institutional capital.
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Crypto is transitioning from early adoption to mass adoption driven by improvements in market structure, accessibility for advisors, and potential catalysts like Bitcoin halving.
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Advisors should consider crypto's value as an alternative asset class and way to diversify, not just focus on Bitcoin and Ether which dominate the market.
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Market infrastructure became more institutionally-ready in 2023 through advances in qualified custody and linkages between custodians and exchanges.
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Repeated crypto industry failures have led to more durable investment options, with traditional asset managers and financial engineers moving into crypto leadership roles.