Wells Fargo: Cryptocurrencies have entered a 'hyper-adoption phase'

time:2022-02-13 07:30 source:Internet

This week, Wells Fargo’s investment arm released a special report titled “Understanding Cryptocurrencies.” The report seeks to answer the question of whether it is “too early or too late” to invest in cryptocurrencies, stating that cryptocurrencies have entered a “hyper-adopting phase.” "We believe that cryptocurrencies are viable investments right now, although they are still in the early stages of investment evolution," the Wells Fargo team explained. "We currently recommend a professionally managed private placement as the investment space is still in the early stages of investment evolution," the Wells Fargo team explained. Gradually mature stage.” The research team continued: “We believe that cryptocurrencies are in the 'early but not too early' investment stage, which is why we emphasize investor education. Our view is mainly derived from the global cryptocurrency adoption rate, It has accelerated rapidly from a lower base.” They noted: “Cryptocurrencies have followed a similar adoption pattern to other new advanced technologies such as the internet.”

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