Cryptocurrency market set to boom in 2023 detailed in new research report

I was out searching for crypto news for my followers today and this article caught my eye. The article is entitled "Cryptocurrency market set to boom in 2023 detailed in new research report". The article gives a brief overview of cryptocurrency, breaking down what it is and a brief history.

The article goes on to explain a bit about the cryptocurrency market and then advertises reports prepared by financial services companies that you can purchase to learn more.

I have taken the liberty to read through the article and some of the report previews to pull out the important pieces for my followers!

So here is a quick run down of what you need to know!

Market Boom

First of all, the reports are predicting a crypto boom in the year 2023. From what I can gather this is not exclusive to cryptocurrency. The forecasts include a rise in crypto/blockchain based services.

"The introduction of blockchain technology in order to implement more secure and flexible financial services in cryptocurrency market is expected to witness lucrative opportunity for the market."

The report also recognizes how crypto will affect the following industries.

Banking
Real Estate
Stock Market
Virtual Currency

Growth

"The factor that drive the market growth are negligible fees for transaction in cryptocurrency exchange, elimination of third parties in business deals, and less chances of fraud & identity theft. However, unawareness about the cryptocurrency among people is a restraint for the market growth."

While the report notes this barrier to entry, it still recognizes the tremendous potential for investors.

" The cryptocurrency market has grown about four times in market capitalization over the last 2 years."

This growth is definitely catching the eye of financial firms and investors

What cryptos does the report cover?

Bitcoin Project
Ethereum Foundation
Ripple
Litecoin Project
The Monero Project
Tether
Dash
Zerocoin
Electric Coin Company
Factom
Steemit Inc.

That's right, Steemit Inc. is one of the "Key Players" in the report!

If you haven't realized it yet, cryptocurrency is here to stay and will be driving growth in a variety of sectors over the coming years. Steemit inc. is also getting recognition for it's innovation.

(This post is not financial advice)

Sources

https://www.whatech.com/market-research/financial-services/288289-cryptocurrency-market-set-to-boom-in-2023-detailed-in-new-research-report

WhaTech Channel: Financial Services Market Research

Published: 15 April 2017

Submitted by Pawan Kumar WhaTech Max

News from Allied Market Research - Industry Trends

https://www.alliedmarketresearch.com/crypto-currency-market#utm_source=whatech&utm_content=whatech.com/288289

Cryptocurrency market set to boom in 2023!