Cryptocurrencies are now in the mainstream conversation for various digital currencies similar to Ethereum and Bitcoin have pushed its value. Thus, it is effortlessly outpacing gains of various assets. Numerous investors become more interested with Bitcoin which makes it as among the hottest topics in 2017. The public has gone crazy and shook the financial industry in accommodating with growing demand of accessing and trading cryptocurrency.
Knowledge and Experience to Better Handle Cryptocurrency
Likewise with real estate industry that has led to financial crisis back in 2008, investors and several other industries still lack of information and knowledge of the assets that they’re pursuing.
Risks Involved in Cryptocurrency
Cryptocurrency is also inseparable to supporting technology, web-enabled network and financial instruments. With this being said, similar to other known investments, there are risks associated with cryptocurrency as well.
The market for cryptocurrency is requiring financial risk management in an effort to avoid asset bubbles and at the same time, to manage liquidity. The market is also requiring technology risk management to be able to protect private keys effectively and also, to sustain cybersecurity. Cryptocurrency markets are requiring risk management along with emerging financial markets similar to undefined protocols, uncertain legal status and also custody best practices.