Where will Crypto be in 2019(and adoption rates for the same)
The future for crypto currencies is an uncertain one. We can’t ever tell what the future will hold for crypto, but we can at least guess where the crypto industry might lie in a years time, in 5 years time and in a decades time.First, will come the adoption of blockchain technologies. This will inspire institutional investment that will open up a gold mine, values will rise and for a year or so, crypto currency will be worth a lot of money. This doesn’t mean that crypto currency will become a dead investment, but we do think that eventually, the major adoptable
In the next few years crypto currencies will become a gold mine and we will see high value sustained for quite some time, the bigger picture though is far greater than this. 2019 and beyond will be the era for adoption. Currencies will no longer prove to be good investments, because their value will stabilize. This in turn however could open up a new market for investable althorns, splitting the markets in two – the adopted mainstream crypts and the future investments perhaps kick starting the whole cycle all over again. For investors who are still critical, there are a few events taking place that set crypto up for long-term growth and help highlight where the industry will be by the end of the year.
Crypto currency is still a major trend in 2018. In just two years, the digital currency market went from being worth under $20 billion to over $500 billion. For investors who are still critical, there are a few events taking place that set crypto up for long-term growth and help highlight where the industry will be by the end of the year.
Acceptance of Crypto currency
Despite being uneasy about digital currencies themselves, many governments are running full tilt at block chain.
In China, President Xi Jinxing praised block chain technology as a “breakthrough.” China is now considering blockchain technology as one of its priorities alongside AI, the Internet of Things, artificial intelligence, and mobile communication. In other Asian countries, block chain is also picking up momentum. South Korea is using block chain technology to track packages, and in neighboring Japan, massive gaming company Gumi launched a $30 million global block chain investment fund.
Block chain and Crypto 2019
Based on increased adoption, more tools, and a general increase in interest, it looks like block chain technology is gearing up to end 2018 strong. Here at Wealth Daily, we believe the following events are likely on the horizon:
1. Security tokens will become more common in the United States, with companies opting to use initial coin offerings while submitting to regulation. To date, Initial Coin Offering are still faster and more cost effective than many traditional venture capital methods. Security tokens present a unique opportunity for investors and could allow them to partake in early stage companies.
2. More tokens will come onto the fiat-to-crypto exchanges. This seems less like speculation and more like a game of waiting.
3. More block chain adoption and development will likely take place in the corporate space. This will increase block chain awareness and further industry growth and the use of block chain based tokens.
Statistics for adoption rates in 2019
In a recent Bit coin price prediction, Pantera Capital clarified their stance as one of the many ventures who believe in the future success of the crypto currency. According to them, the digital asset has enormous potential to reach $67,500 in 2019. Dan Morehead, the CEO of the investment firm who rightfully made a similar price prediction in 2013 projected that the adoption rate of the crypto currency will increase sooner or later, which will act as a catalyst for the price surge. Morehead likely today’s Bitcoin to Microsoft in 2013, when investors were skeptical to purchase its shares.
The Bit coin price has struggled to bounce back after falling off a near $20,000 to hover around the $6000-$7000 price zone.
The Pantera CEO advised investors to consider the big picture when planning on crypto currency investments. According to him, it is always important to invest in more than one asset to avoid a repetition of the huge miss out that happened in the 1990s. In the 90s, many people invested in Yahoo and missed out when Facebook, Amazon, and Google broke out. He stated emphatically that Bitcoin will end the year with $21,000 and reach $67,500 in 2019. The possible rise in price would partly be attributed to the launching of Bitcoin future trading by CME and CBOE which will cause many institutions to adopt the digital asset. The cryptocurrency has already shown consistency by recording 165 percent growth rate for the past six years. No, it’s like buying gold in 1000 B.C., 99% of the financial wealth has yet to address Bitcoin. When they do, Bitcoin is either going to be worth zero or $5,000″ he said.
This will also make it more favorable for institutional adoption which will, in turn, lead to a surge in price. A number of experts have also predicted that Bitcoin would possibly bounce back and trade above $20,000 by the end of the year. One of them is Tom Lee, Co-founder of Fundstrat Global who predicted that Bitcoin will trade around $25,000 by the end of the year.