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Three industry experts have recently provided their opinions on what will be the trends in the field of cryptocurrency in 2019. Let's take a look at three recent predictions about the market and the trends that will follow the industry experts.
Equity capital raised in ICO projects
Paul Veradittakit, partner of a major investment fund in cryptocurrency, Pantera Capital, observes an emerging trend among blockchain-related companies: they raise funds by selling shares instead of issuing more digital tokens.
A group of companies that raised capital using the initial money supply structure mismanaged their treasury or realized they had not found a good use case for their token: they need more capital and to raise equity funds. – He said.
It is worth noting that Pantera Capital CEO Dan Morehead said in August 2018 that the price of Bitcoin would be "much higher than a year from now". In other words, we have about five months to see if its prediction will come true.
2019 will see the end of the background process
According to Fred Wilson, co-founder of Union Square Ventures, 2019 will be the year in which we will see the end of the background process and we will enter a new bull run.
I predict we will see some bullish runs, followed by sales pressures that take us back to testing the lows. […] I think this completion process will end in 2019 and we will slowly enter a new uptrend in a crypto. – Wilson said.
However, he also predicted that we will see a bear market in stocks, dislocations in the US leadership, a series of global economic problems and a declining economy. Wilson said cryptocurrencies will not be able to become a safe haven for any of the previous ones.
Crypto Hedge Funds "Suffer"
Twitter encrypted and notable popular character Anthony "Pomp" Pompliano, a founding member of Morgan Creek Digital, said late last year that a lot of cryptocurrency hedge funds could begin to close.
The reasons for this are the structure of the incentive tariffs and the prolonged bear market in 2018.
According to him, fund managers receive a performance fee only if the fund's net asset value is higher than any previous investment period.
He also added that:
Since then, we have seen 50-80% reductions in equity values in some funds. […] This means that these managers will not receive a performance fee in 2018, which drastically reduces the revenue of the individual operator.
What do you think of these industry forecasts? Do not hesitate to let us know in the comments below!
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