Too Long; Didn't Read
A comprehensive index of the stock market can be used as an indicator for the health of the market and overall trajectory. With over 3,000 cryptocurrency assets on the market in a fast-growing sphere, the greater crypto community would benefit from a more comprehensive index like the S&P 500. A comprehensive crypto index could further the case for mass adoption by enticing more cautious institutional investors, such as endowments and pension funds, to invest in digital assets. The impact of a comprehensive index is hard to measure, but it would mark another milestone in the maturation of an ever-evolving industry.