It was less than two years ago when the overall cryptocurrency market was seen as dubious and obscure. The primary reason for it was the anonymous nature of its participants and the long list of vaporware projects created to boom and bust.
Slowly but surely, recognized institutions including BlackRock, Fidelity, MassMutual, JP Morgan, and Ruffer Investment, to name but a few, started recognizing Bitcoin and other assets as investable products. What is more, an entire country in the face of El Salvador has formally recognized Bitcoin as legal tender on par with the US dollar.
At the same time, the volatile nature of cryptocurrencies has attracted many speculators – retail investors who flock to the next meme-inspired coin in hopes of becoming overnight millionaires. And while the latter fail more often than they succeed, both groups of investors are essential for the creation of what seems to be a perfectly legitimate market with involvement from all sides.
However, effective partici
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