SharesPost, which is a private capital markets research company, recently, revealed its shocking findings of the blockchain and cryptocurrency industry. The report titled “Investment Strategies for Blockchain: A $2.5 Trillion Opportunity?“ suggested that the industry could grow by 15x in the next ten years. It also indicated that the total valuation of blockchain companies could cross $2.5 trillion during this period.

The report stated that blockchain has the potential to disrupt 20 verticals with its innovative technology, apart from digital currencies. The most prominent of these industries are blockchain infrastructure, payments, identity management, healthcare, securities trading, supply chain management, social media, real estate, e-commerce, and government IT services.

The report also stated that buying cryptocurrencies “is the easiest way for consumers and investors to access Blockchain technology,” adding that the top 20 currencies hold over 95 percent of the overall market capitalization. The research also pointed out that BitMex is the biggest exchange by volume with $3.3 billion exchanged on the platform daily. It is followed by Binance and OKEx with $2.4 billion and $1.8 billion in daily trade volumes, respectively.

The report stated that:

“Investing in publicly traded companies working with Cryptocurrencies and Blockchain technology offers people a less risky way to access digital assets.”

Some of the major publicly-traded companies like Amazon, IBM, NVIDIA, Hitachi, and Intel are involved in the development of innovative blockchain-based solutions. For more conservative investors, buying the shares of these companies is a better approach.

It stated that investment in blockchain companies had increased significantly in the past 18 months. However, it also suggested that regulators could sanction companies that have falsely used blockchain in their name to boost valuations; hence, investors need to be careful where they invest.

The state of ICOs, despite multiple frauds and issues, looks promising. In 2017, traditional VC funding helped US startups raise $8 billion.

On the other hand, 500 different ICOs of blockchain startups, most of the companies which were less than one year old, raised over $5.4 billion. The figure is expected to go up to $12 billion this year.

SharesPost claimed that market volatility would continue in the next couple of years as governments work to create better regulations for ICO fundraising efforts.

SharesPost Suggests 15x Potential Growth in Crypto and Blockchain Valuation in 10 Years was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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