There is significant room for growth in the cryptocurrency universe. Recent data suggest a small amount of American investors own any digital currencies and, after bitcoin, the numbers of crypto ownership dwindle.
In recent days, some market observers have opined that bitcoin’s bear market is close to completion while others have speculated that the digital currency will eventually become the world’s dominant currency.
“Before crypto-assets can transform financial activity in a meaningful and lasting way, they must earn the confidence and support of consumers and authorities,” said Lagarde. “An important initial step will be to reach a consensus within the global regulatory community on the role crypto-assets should play. Because crypto-assets know no boundaries, international cooperation will be essential.”
For more information on the cryptocurrency market, visit our Bitcoin category.