In this blog, we curate relevant and remarkable content related to blockchain, cryptocurrency and the digital economy. This timely piece by David Goodboy, StreetAuthority published on Nasdaq talks about the 5 bullish cryptocurrency happenings for the month of May. Read on.
“The current smackdown in the cryptocurrency markets has many investors questioning the wisdom of holding through the selling.
I, however, remain a crypto bull in the major currencies. Here’s why:
Nasdaq Embraces Cryptocurrency
The market just took a vast but underappreciated step toward the legitimization of cryptocurrency. The Nasdaq stock exchange stated that it is open to becoming a cryptocurrency exchange. An established and respected financial marketplace, such as the Nasdaq, embracing cryptocurrency is another bullish step in making the burgeoning blockchain world mainstream.
While roadblocks, such as an accepted regulation framework, remain a stumbling block for the mainstreaming of crypto, Nasdaq’s openness to the market is a definite first step.”