The past year of 2018 was marked by an excessive decline of both the main cryptocurrency Bitcoin and the vast majority of altcoins, however the cryptocurrency forecast for 2019 implies growth of Bitcoin and other cryptocurrencies. Such an optimistic cryptocurrency forecast for 2019 is connected with the upcoming official status of the asset in the USA.
Recently, there have been signs of a sharp surge in the value of Bitcoin, and along with it other assets.
Firstly, the technology continued to develop and a breakthrough occurred in the information industry. Currently, practically the entire reading population of the planet is one way or another familiar with cryptocurrencies. And on specialized exchanges there is an increase in the number of newcomers.
The capitalization of the industry in 2018 amounts to 130 billion dollars. This is not much when compared with traditional sectors of the economy. The arrival of major investors into the industry is expected, among them banking structures and insurance companies. However, the complete lack of regulation of the business continues to scare away owners of serious funds. The steps of the governments of the USA, Switzerland, South Korea, the UAE, Singapore and a number of other countries in developing a regulatory framework will lead to the integration of the industry into the world economies.
Cryptocurrency forecast for 2019: what could strengthen bitcoin?
At the beginning of spring 2019, the full-scale launch of the Bakkt project is planned, which will allow users and institutional investors to buy, sell and store digital assets in a global ecosystem. And although the launch of the Bakkt project has already been postponed several times, the operator of the New York Stock Exchange (NYSE) and a dozen other regulated exchanges and trading platforms, the company Intercontinental Exchange (ICE), has not abandoned its plans to launch its own cryptocurrency platform. Thus, the world's main cryptocurrency will acquire not only legal but also trading status in the USA. The platform's management is carrying out preparatory work for the upcoming surge. For example, it is known about the acquisition of part of the well-known broker Rosenthal Collins Group (RCG).
Fidelity Investments holding, which manages funds exceeding 2.1 trillion dollars, will launch a platform for storing cryptocurrencies. This is more than a wallet and resembles a secure vault for digital assets to trade on several exchanges at once.
In March 2019, a response is expected from the US Securities Commission regarding the introduction of a Bitcoin index fund (Bitcoin-ETF), whose shares will trade on the exchange.
It is expected that the new instrument will be launched without any particular problems. However, there is also negative news from big business. For example, large banks have suspended developments related to digital assets. Nevertheless, they are already showing interest in the matter and considering the usefulness of cryptocurrencies in business processes.
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