Reports Show Cryptocurrency Market Value Exceeds $3 Trillion
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Reports revealed that crypto took years before people began to take it seriously as an investment. After Bitcoin was introduced, many did not understand its technology and thought digital currency was unrealistic or risky.
Over time, crypto has become a recognized type of investment, with about 20,000 cryptocurrencies. Reports also revealed that the total market value of all cryptocurrencies has passed $3 trillion this year.
Experts Report Growing Interest In Crypto Despite Challenges For New Users
Experts revealed that investing in crypto has become more common as the market has matured. Financial institutions have shown interest, which has encouraged others to consider it.
A post-election rise in crypto prices renewed fears of missing out. However, investors are now approaching crypto with more care, balancing risks and rewards.
A survey by EY-Parthenon revealed that 54% of financial institutions and 64% of regular investors plan to invest more in crypto. It also stated that 72% of individual investors see crypto as an important part of their financial plans.
Early supporters of Bitcoin and Ethereum, who have long said these are groundbreaking tools, believe regular investors are vital for crypto to become widely accepted.
Despite progress, barriers remain, according to reports. Even with Bitcoin reaching new highs, new users often struggle with starting. They find systems complex and managing private keys difficult. The lack of clear and simple educational materials discourages many from joining.
AI-Powered Platforms Aims To Simplify Crypto Investing For New Users
Reports also revealed that crypto lacks support systems like those found in traditional finance, such as banks or advisors. While some companies offer help, their services can be costly. This highlights a need for easier ways for people to enter the crypto market.
GT Protocol has developed a platform to help with this issue. The platform uses an AI chatbot to guide users through crypto investing. According to reports, it allows people to interact with exchanges, DeFi, and NFTs through simple text or voice commands.
Users can check token prices, trade, and manage assets like buying, swapping, or staking cryptocurrencies. The chatbot also helps with investment choices, using advanced tools to guide portfolio decisions.
The platform is designed to simplify crypto investing for both new and experienced users. It uses AI to analyze data and carry out trades across different exchanges. Unlike subscription-based services, GT Protocol only earns money when users see profits.
Experts stated that as crypto evolves to look more like traditional finance, platforms like GT Protocol can help remove barriers. These solutions are said to provide users with confidence and simpler tools, encouraging more people to invest in digital assets.
