The global adoption of crypto could reach the hyper-inflexion point pretty soon: A report by Wells Fargo
The research division of Wells Fargo Wealth and Investment Management, Wells Fargo Investment Institute, has recently published a report pointing out the potential of crypto coins similar to the investment made in the early days of the internet. The investment strategy team also suggested that it is not too late to invest in cryptocurrency because the field is still relatively young.
Furthermore, the banking giant also suggested that the industry is following a similar path like in the 1990s when the internet started to popularise. At that period of time, people were still confused about the internet as a technology and how it was going to benefit them. But the rising number of crypto enthusiasts, traders and investors suggest that people are embracing crypto more openly than anticipated. A study by crypto.com suggests that between January 2021 to June 2021, the number of crypto users more than doubled (from 100 million to 221 million).