Dow Jones will index 550 cryprocurrencies in 2021. That is a good news for cryptoholders that most cryptocurrency will have positive images. The effect is the rise of price. On the other hands, will cryptoholders will remove their digital properties to Wall street players? If yes, that is a stupid ideas because cryptoasset that they hold will be their future wealth in next one or two years.
S&P Dow Jones Indices — a joint venture between S&P Global, the CME Group and News Corp — will debut cryptocurrency indexes in 2021, it has confirmed.
In a press release on Thursday, S&P DJI describes Bitcoin (BTC) and altcoins as an “emerging asset class.”
The firm will partner with Lukka, a U.S. blockchain data provider, to launch the indexes, which will cover a reported 550 cryptocurrencies.
https://cointelegraph.com/news/bitcoin-arrives-on-wall-street-s-p-dow-jones-launching-crypto-indexes-in-2021
As we know that most crypto holders are not from stock players. Cryptocurrency starts from an ideology of financial freedom, privacy and security. Now, the crypto assets have attracted big investors from big companies. Facebook with libra, paypal with crypto wallet, and now Dow Jones Indices that will list cryptocurrencies are big players. Their asset can buy more cryptocurrencies in the market.
WHY CRYPTOCURRENCY ATTRACTS MORE ATTENTION?
The rise of bitcoin has dragged up almost all altcoins price. Ethereum reach 600 USD. This is the bounce of the peak price in 2017. Covid-19 has turn investors to put their money in cryptocurrency. Cryptocurrency is risky investment but great and trusted projects will gain more profit in the future because the tech behind cryptocurrency " blockchain" becomes a sexiest girl in financial tech development. More companies plunges into blockchain development like facebook with Libra.
2021 YEAR OF CRYPTOCURRENCY
The dim of cryptocurrency is in the early 2018 and 2019. In the end of 2020 cryptocurrency is boomed by defi projects. The most affected coin is ethereum because most defi projects run on ethereum network. The core eth developers respond with the development of Ethereum 2.0. 2021 will be the year of cryptocurrency. Will you sell your cryptocurrency assets?
