The cryptocurrency-focused strategist discussed crypto regulation, Ethereum, and Cardano in a conversation with the Business Insider last week. Sharing her ideas, Arnott noted that the blockchain has numerous possible technological applications that may pique the interest of institutional investors in particular. Arnott confirmed: Writing about Ethereum on her site, Arnott revealed:
Diversified index fund
Moreover, she proceeded to express her thoughts on institutional cryptocurrency adoption. Additionally, the strategist expressed that since the Securities and Exchange Commission (SEC) in the United States has yet to approve any crypto exchange-traded-fund (ETF), it makes it “very difficult for mainstream investors to gain exposure to cryptocurrencies.” In order for Cardano to become a mainstream cryptocurrency, joining the ranks of Bitcoin and Ethereum among a diversified crypto index fund in the industry, Arnott expanded:
ADA up enormously YTD
Despite the recent setback, which saw the overall crypto market valuation half from its peak in May, ADA is still up over 600% since the beginning of the year. Moreover, MSN Money labels Cardano as the asset to hold. Trader, Tezcan Gecgil stated: The MSN Money analyst continued:
Hoskinson fires back at naysayers
Meanwhile, Charles Hoskinson, the founder of Cardano, has turned to Twitter once more to silence his detractors. In response to a critic, the billionaire mathematician promised two “fun” months as the top proof-of-stake project nears the introduction of smart contacts. Although development timeframes are uncertain, the path for the Alonzo hard fork, which is supposed to release smart contracts, is straightforward. Cardano has successfully launched both Alonzo Blue Alonzo White hard forks; following the “Purple” phase, the complete implementation of smart contracts is planned for early September. Read more cryptocurrency news. [coinbase]
