Analysts believe that the inability to insure the cryptocurrency market is a major hindrance in legitimising digital currencies and seeing them enter the mainstream market, according to Reuters. The uncertainty surrounding digital token regulation has led to hesitancy in adoption from leading investors and fund managers, particularly concerning increasing cyber risk awareness and the declining bitcoin value in January 2018. The digital tokens’ market is currently valued at $120bn, down from over $800bn at its peak in recent months.
Analysts believe that the inability to insure the cryptocurrency market is a major hindrance in legitimising digital currencies and seeing them enter the mainstream market, according to Reuters. The uncertainty surrounding digital token regulation has led to hesitancy in adoption from leading investors and fund managers, particularly concerning increasing cyber risk awareness and the declining bitcoin value in recent months. The digital tokens’ market is currently valued at $120bn, down from over $800bn at its peak in January 2018.