Bitcoin Evangelist Charlie Shrem Predicts Crypto Market Will Surge in the New Year
2018 was not the best of year for the cryptocurrencies and the blockchain technology. In fact, it was a catastrophic year for the industry. From the dismal performance of the biggest cryptocurrency, the Bitcoin (BTC) to the rapidly tumbling price of many altcoins, the prospects of the crypto ecosystem looked bleak going into the new year.
However, expert predictions and analysis at the tail end of 2018 indicated that there could be a resurgence of the entire market with Bitcoin’s price predicted to pick up again.
Interestingly, the start of 2019 seemed to be bringing a glimmer of optimism for the market, with pioneers and ardent believers of the crypto sphere claiming that 2019 may bring a turnaround for the industry.
Recently, there were positive news hinting at a possible massive adoption from the global community; especially the healthcare industry where the solutions provided by blockchain technology can help prolong patients’ lives.
For cryptocurrency, there is also greater hope, at least compared to 2018. Popular Bitcoin enthusiast, Charlie Shrem believes that 2019 offers a lot of prospect for bitcoin and other cryptos.
In a recent chat on “Crypto Trader”, a program anchored by OnChain Capital founder, Ran NeuNer on CNBC Africa’s, Shrem expressed his confidence and optimism about the resurgence of the cryptocurrency. Shrem insisted that there is a great deal of hope for the crypto industry.
Shrem hopes to see a “lot of phoenixes rising from the ashes.” Meanwhile, Shrem’s remarks suggest that in 2019, cryptocurrency startups and altcoins may die off, while innovative digital assets will be supported, thus leading the charge in the market in the forthcoming months.
Shrem’s hope may not be unconnected with Kyle Samani’s scathing challenge on existing blockchain platforms including Ethereum. Samani, who is managing partner of Multicoin Capital, insisted that a number of blockchain platforms that receive huge funds and indicate high potentials including digital asset-backed Dfinity and Cosmos, could outsmart big cryptocurrencies in 2019.
Added to the optimistic voices of Charlie Shrem and Samani about cryptocurrency market, is that of Union Square co-founder Fred Wilson. Wilson is feeling quite enthusiastic and posits that the realization of a handful of crypto projects in 2017 has the capacity to push crypto market to a bullish point come 2019.
Some of such projects include the fulfillment of Filecoin, and Algorand as well as incredibly innovative big blockchain projects like the “blockchain 3.0”. These are clear indicators and foundations upon which many of cryptocurrencies and crypto projects will sail.
No doubt, many have questioned whether these big cryptocurrencies will still be relevant in coming years, with an array of naysayers even doubting the continuous existence of the entire crypto sector. However, in spite of the prevalent loss of funds and investments by many, Shrem is not giving up on the possibility of a bullish market.
This not surprising seeing the market is bound to experience the incoming of institutional investors, through custodial services. So, intending investors looking to get into the crypto market will need to keep their eyes and ears open for possible bullish trends.