Financial Institutions Continue to Adopt Crypto Despite Industry Turmoil

Author

Andre Beganski, Craig Newmark Graduate School of JournalismFollow

Graduation Date

Fall 12-16-2022

Grading Professor

Greg David

Subject Concentration

Business & Economics

Degree Name

Master of Arts (MA)

Abstract

Even though this calamitous year has raised doubts about crypto's future, not a single large financial institution has backed away from their forays into digital assets. And despite a period of turmoil that’s seen the market value of all cryptocurrencies crater to under $880 billion from over $3 trillion, many sizable firms continue to view crypto as an emerging sector of finance and technology that’s rife with opportunity.

While financial firms have the potential to foster a widespread perception of cryptocurrencies as a legitimate asset class, their involvement runs counter to the intent of those who pioneered blockchain technology for a system that decentralized control. It could also dampen some of the crypto market’s defining characteristics, such as the transparency of transactions and a lack of correlation to other types of investments.

Link to capstone project: https://andrebeganski.github.io/Capstone/

Recommended Citation

Beganski, Andre, "Financial Institutions Continue to Adopt Crypto Despite Industry Turmoil" (2022). CUNY Academic Works.
https://academicworks.cuny.edu/gj_etds/579