The increased interest of institutional investors, acceptance by more and more companies and payment systems, as well as the renewed belief that they could be a safe haven for capital in times of crisis, have once again brought optimism to the world of cryptocurrencies. Bitcoin is being marketed these days at prices very close to the highest level ever, and the rise in prices has been recorded by almost all other leading cryptocurrencies.
An additional optimism for cryptocurrency investors may now be given by the announcement of the American company S&P Dow Jones Indices. They are known for their stock indices, which have been reflecting the sentiment and movements of the capital market for decades, and soon those who follow the movements in the cryptocurrency market will be included in their portfolio of stock indices.
The crypto arrives on Wall Street
The calculations will include the prices of more than 550 active cryptocurrencies, and the company hopes that their indices will provide investors with better data on price movements, but also open this market to many new investors interested in cryptocurrencies. They decided on this move because they believe that now is the right time to do so - digital assets are becoming an increasingly important part of investors' assets, so it is necessary to have independent, reliable and easy to understand indicators, according to S&P Dow Jones Indices.
The newly announced era is fantastic for us who collect and trade currencies. Some predictions I really like especially about the dizzying growth of cryptocurrencies