Expectations at the end of 2017 and in autumn 2018 could not be more different. While crypto investors sent their Bitcoins and Ether Bitcoin Evolution at the end of 2017 to dubious ICO sites blindly in anticipation of an increase in the number of ICO pages, today the launch of regulated stock exchanges and financial products is eagerly awaited.
Bitcoin Evolution as a promise of salvation
The numerous scams and stock market hacks as well as the lack of ICO success stories have driven the hunted crypto investors into the arms of the traditional financial sector. It’s better to have the Bitcoin on the bank than the new Hyperupaupa Dupa Coin on their own hardware wallet. Instead The Bitcoin Evolution is a fake trading system of following the narrative of decentralization and the inherent promise of „Cut out the Middleman“, the re-centralization of the crypto market is forced. This may bring tears to the eyes of the crypto-idealist or anarchist – centralized, decentralized, shit-raising. Companies and financial service providers have become aware of this: Only very few crypto investors are concerned with their own control and financial autonomy.
Regulation as a promise of salvation
The big question these days is: How do I get approval from the authorities, whether BaFin or SEC, to get a crypto exchange, a fund or an ICO approved? The blockchain companies can hardly be reproached for this. With the exception of the decentralised stock exchanges, they simply have no choice. Authorities and investors are asking for regulated offers.
The trend is towards nationally regulated crypto-financial products. Whether it’s a Stuttgart stock exchange that wants to offer a crypto trading app with its subsidiary Sowa Labs this autumn, or the other futures contract platforms for Bitcoin futures on the other side of the Atlantic. The stamps „regulated“ and „Made in Germany“ are the best marketing. Accordingly, it would come as no surprise if Stiftung Warentest discovered the crypto sector for itself in the coming months.
More savings bank please!
While LBS Bausparkasse has rockers gangs in its commercials, crypto financial service providers are eager for a Sparkasse Biedermeier image. To stick to the example of the crypto app of the Stuttgart Stock Exchange, this shows itself in the same simplicity:
Only four of the countless crypto currencies can be traded. The private key remains with the exchange. There are no different order types. On the other hand, there is the certainty of knowing that your coins are safe https://www.onlinebetrug.net/en/ with an institution over 150 years old – convenient and user-friendly.
The confidence problem in the crypto market makes boring but trustworthy offers disproportionately attractive. The crypto economy has forgotten its customers‘ needs due to innovation. The crash is now followed by uncertainty. Consequently, it is precisely this uncertainty that now promises the best business.
It is realism and pragmatism that is entering the crypto mainstream. Contrary to some opinion, this should not be seen as a step backwards, but rather as a correction of the unrealistic expectations that peaked at the end of 2017. The regulated and centrally organised crypto offerings mark much more an intermediate step towards increasingly decentralised offerings in the long term. However, decentralized structures need more time to develop than centralized ones. In the meantime, more and more money will find its way into the crypto market through the hands of fund companies and established financial institutions. This will not be hindered by the further development and progress of the crypto economy. Quite the opposite: the interest in further developing the crypto economy in the native-decentralised sense will be spread over even more shoulders and will be able to inspire even more curious people. What the support wheels of a children’s bicycle are are the regulated financial institutions for the crypto sector – a useful aid for the beginning.