Its interesting to note that it looks like cryptocurrencies may very well achieve the status of “mainstream investments” with the indexes’ launching in 2021.This has also been noted with large firms such as JP Morgan, who has been showing a new view towards Bitcoin, shifting to a bullish view in the medium and long-term.
Other large firms such as PAYPAL have been taking significant steps to adopt cryptocurrencies within their portfolio, as they announced in October. During an earnings call held on November 2, 2020, PayPal’s CEO Dan Schulman revealed plans such as increased crypto-asset purchasing limits.