Crypto in 2024 Reaches $3 Trillion Market Cap, Embraced by 72% of Retail Investors
It is no secret that crypto took time before being taken
seriously as an asset class. In the years following Bitcoin’s launch, many did
not fully understand its underlying technology and viewed the idea of digital
currency skeptically or as unrealistic.
Since then, crypto has gradually developed into an asset
class of its own, with approximately 20,000 unique cryptocurrencies and the combined market capitalization is over $3 trillion this year.
Concurrently, investing in crypto has become fairly
normalized thanks to its maturation, which now includes significant interest
from financial
institutions.
Retail Investors Embrace Crypto
The post-election crypto rally has revived FOMO (fear of
missing out) among outsiders. Unlike past hype cycles, both institutional and
retail investors are approaching digital assets
with greater caution and a balanced appetite for risk.
A survey conducted by EY-Parthenon revealed that 54 per cent
of institutional and 64 per cent of retail investors
plan to increase their crypto allocations. Furthermore, the same survey
reported that 72 per cent of retail investors view digital assets as a core
part of their overall wealth strategy.
Early adopters and crypto natives have long championed Bitcoin and Ethereum as
financial game-changers. While they may accept greater institutional
involvement, they view retail investors as key to achieving mainstream
adoption.
#Bitcoin and #ether have topped all-time highs again as the cryptocurrency market is now worth more than ever — with over $3 trillion in total market capitalization. pic.twitter.com/XstWSvzSJM
— CoinDesk (@CoinDesk) November 8, 2021
Barriers to Crypto Adoption Persist
Yet, the progress faces significant barriers, even with
Bitcoin reaching an all-time high. Most new users struggle with onboarding,
navigating complex interfaces, and managing private keys. The lack of
accessible, unbiased educational resources further discourages participation.
Crypto lacks mainstream finance support systems, such as
banks or consultants. Though institutions are entering the space, their
services come at a premium, underscoring the need for Web3 solutions to simplify
onboarding for retail investors.
Crypto Investment Made Easier
GT Protocol has developed a crypto investment platform that
uses a generative AI chatbot to streamline processes for users unfamiliar with
the technology. The platform enables interaction with centralized exchanges, DeFi, and NFTs within a
non-custodial environment via conversational or text-to-speech AI interfaces.
Users can access trading information, check token prices,
and manage assets, including purchasing, swapping, and staking, through simple
chatbot commands. Advanced algorithmic trading tools guide users in portfolio
management and investment decisions.
AI-Driven Platform for Crypto Investment
By addressing the growing complexity of crypto investing, GT
Protocol’s platform simplifies access for new and experienced users alike. Its AI-driven capabilities
analyze data and execute transactions across multiple exchanges and protocols.
Revenue is generated only when users earn profits, offering an alternative to
subscription-based models.
As crypto changes to mirror traditional financial systems,
solutions like GT Protocol aim to make investing accessible and intuitive.
These platforms address technical and informational barriers, enhancing
confidence in portfolio management for retail investors.
This article was written by Ariel Shapira at www.financemagnates.com.