Bernstein Predicts Cryptos Will Be Fully Legalized in Five Years
According to projections from Bernstein, the cryptocurrency market is expected to become legal in most countries around the world within the next five years.
It is estimated that the industry will generate a revenue of $650 billion in the upcoming years.
Experts emphasize the significant impact of legalization in the United States, where there is currently no regulatory framework for crypto businesses.
As a result, companies operating in the digital asset market may need to seek out more favorable countries to continue their operations.
The legalization of exchange-traded crypto funds (ETFs) for Bitcoin is highly anticipated and will have a major impact.
This will provide institutional investors with a valuable tool for entering the cryptocurrency market, if it becomes available in the American market.
It is expected that the legalization of crypto ETFs will occur in 2024. According to Bernstein, this year is crucial for the industry and will play a determining role in its future, as stated in a research report.
