♦️The world of cryptocurrencies has undergone significant changes over the past year and a half, which may prompt more investors to reconsider their stance on this asset class, especially regarding Bitcoin, which is considered - despite its youth - as the 'grandfather' of digital currencies.
♦️What reinforces this trend is that cryptocurrencies are gaining broader acceptance from regulatory bodies and major financial institutions, after establishing their position as a financial asset that seems to be here to stay. For example, the U.S. Securities and Exchange Commission (SEC) is regulating exchange-traded funds (ETFs) for Bitcoin and Ethereum, while the cryptocurrency trading platform 'Coinbase' was listed on the 'S&P 500' index, and 'Circle', the stablecoin provider, launched its shares for public subscription.
♦️On the political front, Donald Trump's team shows clear support for cryptocurrencies, as the U.S. Department of Labor recently rescinded guidance issued in 2022 that warned 401(k) plan trustees against including digital currencies among the investment options available to plan participants.
♦️With Bitcoin currently trading at over $100,000, and the hard work by U.S. lawmakers to formulate clear regulatory laws for this sector, it becomes essential to re-ask the question: Should you have a stake in digital currencies in your investment portfolio?
