Cryptocurrencies hit the scene as a disruptive force and a new choice for retail investors. Just about anyone old enough will express their regrets for not investing in Bitcoin early on, but up until recently, it was not considered a practical asset. Most professional advisors would steer clients away from that risk, despite how clearly wrong that advice was in hindsight, more and more mainstream investment advisors are increasingly recommending cryptocurrencies to clients.
Now we see the power of institutional investors entering the fray. Just days after Tesla and other major corporations announce multibillion dollar Bitcoin investments, the crypto that started it all is soaring to new heights. The confidence that large investors have a stake in its success has surely helped raise the value, but the real benefit these companies bring to the market is their sway with Federal regulators and policy makers.
For years, American crypto traders have felt left out of the party as Federal law and in some cases like New York, local laws, have limited the opportunities of individual investors. Now that the interests of large financial players will be aligning with retail investors, can we expect more investment opportunities afforded to American crypto investors? As of now, it's still unclear. But it is certainly more likely today than it was last week, and that bodes well for American investors.
