In a late August Barchart article on the leading cryptocurrencies, I wrote:
Expect volatility to continue until regulators, governments, and other authorities recognize, legislate, and regulate the burgeoning asset class. Acceptance as a mainstream asset class will not occur until the debate between supporters and detractors reaches a compromise. Meanwhile, the controversy tends to increase as prices move higher, so expect the discussion about cryptos to decrease in intensity after the latest downside correction. As the market cap sits just over the $1 trillion level in mid-August 2023, the potential for significant systemic risks has declined.
