- A portfolio strategist thinks ADA, ETH, BTC could become mainstream cryptos.
- She also stressed that we will see other cryptos become more mainstream.
According to a portfolio expert, Cardano would become mainstream crypto alongside Bitcoin and Ether. The strategist for Morningstar, an American financial services company, said that the 3 cryptos could form a “big three” of mainstream cryptos.
Amy Arnott, a crypto-focused portfolio strategist, gave her views on crypto regulation in an interview last week. She stressed that many cryptos are not cash-generating, so it is hard to define a suitable price for them. More so, she also talked about Ethereum. Amy Arnott stated,
The fact that Ether is used as a utility should provide some sort of price floor, but I’m not sure what that should be. A lot of people talk about a network effect where these currencies become more valuable as they are used more, and there are more interdependencies and connections.
After talking about Ether, she also elaborated that Cardano (ADA) is promising crypto. Besides, she added that Cardano is similar to Ethereum protocol with a lot of potential technical uses.
In addition, the strategist opined that “The interesting thing that’s happened over the past year or so is that institutional investors have been far more willing to adopt cryptocurrencies and look at them as an investment asset.”
Moreover, she noted that as that trend continues, we will see other cryptos become more mainstream.