According to Cambridge Associates, a major investment management firm, it’s time to put your money into cryptocurrency. The Boston-based investment firm only advises big institutions who manage clients’ assets worth more than $300 billion.
Quoted on Bloomberg on Monday Cambridge claimed: “Despite the challenges, we believe that it is worthwhile for investors to begin exploring this area today with an eye toward the long term. Though these investments entail a high degree of risk, some may very well upend the digital world.”
The management firm advises possible investors to conduct an in-depth study on the many aspects of cryptocurrency; from investing to trading tokens.
A Nascent Market
Despite the decline in value of the cryptocurrency, Cambridge believes the industry is still in the development stages: “The dramatic declines that swept across the crypto space raised questions about the future of these assets and the blockchain technology that underpins them. In looking across the investment landscape, we see an industry that is developing, not faltering.”
Grayscale has released a report last week detailing the rush of money from financial institutions to the cryptocurrency the previous year.
Grayscale declared that: “Despite a slowdown in investment across products in the fourth quarter, we continue to see evidence that digital assets are here to stay as a new asset class. Moreover, we believe in a future where multiple digital assets survive, thrive, and complement one another in the digital economy.”