Will the Crypto Market Rebound?
One of the primary challenges facing the crypto market is the lack of a clear regulatory framework. I mean, this is Step #1 for good reason -- most of the improvements below can't move forward until we have firmer laws and regulations around ownership, taxation, and trading of cryptocurrencies. Governments and regulatory bodies -- in America and around the world -- need to establish well-defined rules and guidelines for the industry to foster innovation while also ensuring consumer protection.
For cryptocurrencies to rebound, institutional investors must continue embracing digital assets. As more corporations and financial institutions invest in cryptocurrencies and incorporate them into their operations, this could create a ripple effect, ultimately boosting the entire market.
