New york - A study released by consulting firm Greenwich Associates revealed that more than 70 % of financial institution executives surveyed believe that digital currency or cryptocurrency will have a place in the future.
"They tell us that cryptocurrency will not disappear, cryptocurrency will survive," said the Vice President in Greenwich Associates' Market Structure and Technology Group Richard Johnson, who is the author of the report, quoted by Forbesl.
The survey found that a majority of 141 financial industry executives believed that various regulations would develop to regulate cryptocurrency. That will lead to growth and innovation, even though many fail. As many as 10 % of respondents believe that cryptocurrency will remain a peripheral class asset.
While the other 10 % said that strict regulations would eliminate cryptocurrency from the industry. This year is a difficult year to predict for the digital asset market. This is because digital currencies have fallen more than 70 % from their peak in January 2018. Meanwhile, regulatory uncertainty also continues to haunt.
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