Cryptocurrency Investor Watch 2019: What Signals to Pay Attention to from the Bitcoin Lighthouse
Well, its safe to say that 2018 was a challenging year for the crypto sector (to say the least). However, as we move further into the new year, we should educate ourselves about the various opportunities as well as hurdles that may present themselves to us in 2019. So without any further ado, let's look at some of the key things altcoin investors should look out for this calendar year.
The Crypto Space Will Not Make A Miraculous Recovery Overnight
Even though many crypto experts have been claiming for some time that Bitcoin is primed to surge once again (in the near future), the fact that the currency has lost more than 70+% of its value over the past 8-10 months should serve as an indicator that a massive bull run may not be on the charts anytime soon.
Realistically speaking, technical market indicators still seem to suggest that the first few months of 2019 will be rough on the altcoin domain. However, once we see the release of Bitcoin futures as well as the launch of Bakkt (by the end of this month), we might once again witness a gradual upward shift in the price of various premier alt-assets.
BYE BYE Unregulated ICOs
Even though more ICOs were held in 2018 than the year before, it is quite likely that we will see more and more companies shift towards a security token based model moving forward (since regulatory pressure seems to only be increasing with each passing day).
In terms of the most successful ICOs of 2018, we can see that EOS was able to raise a whopping 2.5 billion via its year-long token sale on the Ethereum network. Similarly, Telegram too was able to make quite a splash in the market and raised a handsome 1.7 billion through its fundraiser.
Say Hello To Bitcoin ETFs
Even though the Bitcoin ETF saga has been going on for what seems like forever, 2019 seems to finally be the year when Bitcoin goes mainstream (at least from an investment standpoint). This is because Hester Peirce, the Commissioner of the US SEC, has time and again made statements that are pro crypto and support the digital asset sector as a whole.
A Unified Crypto Framework That Can Be Used Worldwide
As many of our readers may remember, the recent G20 summit saw all of its participating nations announce that they were looking to establish a unified crypto framework that would make it easier to monitor and trade digital currencies across the globe. And while progress on the issue has been slow, the fact that crypto and blockchain tech has been on the G20 agenda for quite some time now, seems to suggest that some major announcements might be coming our way later this year.
Regulated/Safer Crypto Products
The past couple of years have seen the emergence of many crypto-based financial offerings such as BTC certificates, Altcoin funds etc. However, it now appears as though more and more big-name players are trying to get in on the action and are vying to launch unique monetary offerings of their own (for example Stockholm based XBT provider AB is looking to release cryptocurrency exchange traded notes in the near future).
As the trend of converting crypto assets into unique financial products continues to gain traction across the globe, more and more market analysts expect institutional players to enter this burgeoning domain (especially since traditional stock markets across North America have been tumbling over the past few months).