CoinList CEO Says 2019 Will Be A Quiet Year For Cryptocurrencies but Innovation will Continue
In an interview with Yahoo Finance, Andy Bromberg said that 2019 is going to be quiet even though companies will be developing the crypto space.
Bromberg is the CEO & Co-founder of CoinList. Prior to CoinList, Andy was the CEO and Co-founder of Sidewire. Before that, he co-founded the Stanford Bitcoin Group while studying Mathematics and Computer Science there.
“We had this first wave of massive hype around ICOs in 2017, early 2018, and then a little bit of a pullback. And now in 2019, it feels like people are focused on building… I think the market is going to be quiet for a little bit, while people focus on actually creating things. It feels like a little bit of a Mesopotamia, ‘cradle of civilization’ moment, where everyone has the ingredients they need, needs to focus in and start to build out those empires, and create what the future is going to look like, and that’s what this year is going to be about,” Bromberg says.
Although we are very far from that reality today. Regulations have been a major hurdle, however, despite that, there has been a level of decentralization that has taken place. He adds:
“Before token sales, if you were talking about early-stage equity investments in startups—which is what these are most analogous to—those were restricted to an incredibly small set of people: the top-tier venture firms and angels, usually in Silicon Valley or New York, and those people were the only people that could invest in those early-stage rounds… Now what we’ve seen is the token sale paradigm has created a social change where hundreds or thousands of people from around the world can invest in these offerings.”
CoinList, as a company, is the perfect example of this. One might think that a company that depends on ICOs will be in trouble. However, they have listed 5 ICOs; Filecoin, Blockstack, Props, Origin, and TrustToken.
All these are available for accredited investors only and haven’t launched their token yet.