The year 2018 has seen many stasis in the cryptocurrency market. This does not mean that there can not be any improvement in prices. Cryptocurrencies have lost most of their value during the first forty days of the year. But after the recent fall, many investors have returned to the cryptocurrency market.
The overall cryptocurrency market collapsed in 2018. Because of this, 10 major cryptocurrencies have lost more than 80% of their value between January and September. This decline was fueled by security breaches and hacks, spiking fees and the snap of a highly speculative bubble. In September, the New York Attorney General's Office published a report stating that the exchanges of cryptographers were at risk of market manipulation.
ATKearney global corporate policy council reported that in 2019 the encrypted market will consolidate. Furthermore, Bitcoin will recover about two thirds of the cryptocurrency market capitalization. This was previously useful in the growth of altcoins.
The Council also considers that the regulators of various markets can soften their position towards the sector while working to improve market transparency. The council also wrote in the report that the UK parliament, which wants to end the savage cryptography markets, will pursue regulations that stifle criminal activity and thereby reduce price volatility. It also seeks to make the United Kingdom a hub for the cryptocurrency market.
At the same time, it also notes that the US Securities & Exchange Commission will re-heat the funds exchanged with Bitcoin Exchange. It also works with the United States Commodities Futures Trading Commission to improve market transparency.
Ironically, for cryptocurrencies to see a third decade, the only viable way forward entails acceptance by the international financial system. Knowledge of this, recently trained Blockchain Association can begin to pressure American politicians to improve the image of cryptocurrencies in 2019.
What are your thoughts about ATKearney's predictions? Share your opinions on ours chirping and Facebook pages.
Was this post helpful?
Let us know if you liked the post. This is the only way we can improve.