Just last year, the Bank of America Securities came out with a report that stated traditional wisdom of investing 60% of your portfolio in stocks and 40% in bonds is dead.
In early 2021, the global market for stocks was $95 trillion and for bonds it was $105 trillion, as opposed to the $1 trillion value of the global cryptocurrency market, representing just about 0.50% of the global market portfolio.
It can be observed that there was an 8% increase over the past year in the belief amongst advisors that crypto has very high potential results.
In February, Bitwise launched the first DeFi crypto index fund with other asset managers following suit.
“With Bitcoin, you know many of the hangups that many investors have.
“Defi is taking the disruptive blockchain technology, it has use cases, and offers financial services like brokerage, loans, trading.
The total value locked in Ethereum-based DeFi platforms was sitting at $47.65 billion, according to DeFi Pulse.
Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice.