PwC Hong Kong Crypto Leader Praises About the “Exciting Things” Expected to Happen in 2019
Experts from all over the world have been commenting on the key role that institutional players have in the crypto world. Some of them have even said that these investors will be the redeeming quality to cryptocurrency as more of them enter the ecosystem. Henri Arslanian, the leader for PricewaterhouseCoopers (PwC) in Hong Kong has taken the prediction a step further, saying that there will be many of these investors coming into the industry during 2019, based on a Bloomberg interview on December 24th.
Arslanian was asked about what the next year in crypto is expected to look like during the interview. He responded by explaining that
“there’s a lot of exciting things that the crypto ecosystem is looking forward to in 2019.”
He also believes that the regulations in the U.S. and their progress will play a prominent role in creating a crypto economy that is vastly different than 2018.
Another expectation that Arslanian expressed was that “many more big banks” will be entering the crypto industry, either with their own options, or through partnerships and investments in existing companies. By doing so, the industry will see “institutional level expertise,” which he sees as a necessary part of the industry.
PwC offers consulting and auditing services amongst an international network of companies. Founded in 1849 and considered one of the “Big Four” accounting companies, the Hong Kong office has been allowing their advisory services to be paid in Bitcoin since the end of 2017.
Now, with all of Arslanian’s statements on what the year will bring, some major institutions have already chimed in. For instance, Nasdaq has already announced their intention to bring Bitcoin futures to the first six months of 2019. Another operator, the Intercontinental Exchange (ICE), is working to launch their Bakkt platform, which is presently planned for January 24th, 2019, as long as there are no more delays.
Additional reports reveal that several Wall Street players are taking a different path, waiting to get involved in cryptocurrency as they wait for the market to be revived.