Analysts predict that by 2030, the global cryptocurrency market will have tripled in size, reaching approximately $3 trillion (According to coin Gecko as of Nov 8th 2021) . Investors, businesses, and brands can no longer ignore the rising tide of cryptocurrency, whether they want to or not. Crypto investors had a fantastic year in 2021. Some crypto coins' prices have soared by 5,000 to 7,000 percent, providing investors with unnaturally high returns. Even bluechip cryptocurrencies like Bitcoin and Ethereum increased by 35-40% in 2021. However, not all experts believe the same thing.
"One of the biggest problems with crypto globally is its lack of regulation.
China declared all cryptocurrency transactions illegal in the country in September, effectively putting a stop to any crypto-related activities within its borders. Things are less clear in the United States. Chairman of the Federal Reserve, Jerome Powell, recently stated that he has "no intention" of banning cryptocurrency in the United States, while SEC Chairman Gary Gensler has repeatedly stated his agency's and the Commodity Futures Trading Commission's roles in policing the industry.
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