FuturePerfect Ventures Founder Jalak Jobanputra Predicts Crypto Assets to Perform Better in 2019
Jalak Jobanputra, the founder of New York City Based FuturePerfects Ventures estimates that cryptocurrencies will perform much better this year compared to last year.
She also believes that 2019 is the year that cryptocurrency regulations finally come into place. This should be good news to crypto enthusiasts given the market crises experienced last year.
Cryptocurrency Regulations In The Past Year
Jalak Jobanputra, in an interview conducted with CNBC, went on record to point out that 2017 will go down in history as one of the most productive years for the cryptocurrency. This was a year that saw the market experience huge leaps in terms of cryptocurrency prices.
2017 was also the year that Bitcoin recorded a historic price run that was accompanied by various cryptocurrencies recording successive milestones in global markets. The price run recorded by Bitcoin helped pave the way for the introduction of new projects based on the decentralized approach used by the blockchain infrastructure.
However, things were bound to change a year later as things started to change in the market. 2018 was a year that saw Bitcoin prices drop by a record seventy percent. Many crypto enthusiasts believe that this was the worst year for the crypto as it went on to record its lowest prices since inception.
Jalak Jobanputra doubles up as a blockchain entrepreneur and a cryptocurrency investor. In her interview, she noted that was appreciative of how the cryptocurrency market had performed in the past two years, despite having experienced a long bear run in the last few months of 2018.
She holds the opinion that the lack of transparency associated with crypto and Bitcoin trading often makes people take up a negative perception of the market. However, she believes that people should instead approach this as a period aimed at shedding light and helping bring about clarity to the crypto universe.
Cryptocurrencies Expected To Have A Better Performance In 2019
Jalak added that introducing clarity into the cryptocurrency markets would prove to be a good thing for the entire industry. As of now, there are a number of regulatory agencies and states that have been carrying out studies on the best approach to use in regulating the cryptocurrency market.
Regulation is not the only burning issue as many states are hoping that they will at some point in the near future be able to profit from the crypto universe. Jalak, however, believes that cryptocurrencies will in the next few months prove to be a hit with many institution-based products.
She goes on to state that the Bakkt digital exchange which is currently backed by the NYSE and the ETF from the SEC will prove to be highly valuable for the cryptocurrency market. Based on her sentiments, 2019 will see the market test the various projects already in the market and those planning on launching their ICOs.
It will be interesting to see which project lasts and which ones are edged out. Jalak continued to say that this year will not be very different from last year in terms of projects that are started and shut down before they make a mark in the industry.