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Bitcoin, the currency of the "peoples", should regain its dominant position on the market in cryptocurrency markets by the end of 2019. In terms of market capitalization, that is to say.
This is according to an A.T. recently published. Kearney Report. "By the end of 2019, Bitcoin will recover almost two-thirds of the crypto-market capitalization as overcoins lose their brilliance due to increasing risk aversion among cryptocurrency investors," the report said. & nbsp; "More generally, financial regulators will soften their position towards the sector."
Then there is the growing complexity of altcoins. "Our prediction that Bitcoin will regain dominance is supported by the growing complexity of the altcoin, more recently demonstrated by the" hash war "that occurred in the Bitcoin Cash ecosystem," explains Courtney Rickert McCaffrey, manager of thought leadership in & nbsp; AT Kearney Global Business Policy Council. "Further" forks "and the continued lack of consensus among developers on a future path will further widen the gap between Bitcoin as the most accessible and widely recognized cryptocurrency and the altcoin community".
This does not mean that all the altcoins will go away. "Some survive and grow into explosive companies, which have real products and generate real and substantial revenues. altcoin will follow the same pattern, "Steve Russo, Executive VP Eclypses." Those that are extravagant and devoid of real value will vaporize, while the real ones will not only survive, but prosper in time. "
Bitcoin had a bad year in 2018. The digital currency lost 73% of its value, dragging down the entire cryptocurrency market.
Bitcoin Price YTDKoyfin
There are many reasons for this. Like the proliferation of altcoins, & nbsp; which has expanded the "horizontal" supply of cryptocurrencies.
Then there is the lack of transparency in Initial Coin Offerings (ICOs). & Nbsp; He turned the cryptocurrency markets into a modern "wild west", scaring investors.
And there are persistently low adoption rates. Despite the buzz generated by social media, the adoption of Bitcoin has grown slowly, as evidenced by & nbsp; a & nbsp;recent& nbsp; Gallup poll.
This means that Bitcoin remains an exotic currency for "innovators" and "first adapters", but to reach the "mass majority". This is when a new product crosses the "turning point", according to marketers.
But there is one more reason for the decline in Bitcoin's value in 2018 & nbsp; – & nbsp; – increase in interest rates. They have chilled speculation on all markets.
However, things may change around 2019. A softer regulatory position could pave the way for the long-awaited launch of Bitcoin Exchange Traded Funds (ETF) & nbsp; and & nbsp; could allow a wider participation of investors and give a boost to the digital currency.
This is "ironic", according to A.T. Kearney Report. "Ironically, for the cryptocurrencies of seeing a third decade, the only viable way forward implies this acceptance on the part of the international financial system that Bitcoin has tried to defeat once."
Meanwhile, a pause in interest rate hikes could bring investors back to the Bitcoin market.
This is what the Bitcoin bulls need after a gloomy 2018.
[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don’t own any Bitcoin.]">
Bitcoin, the currency of the "peoples", should regain its dominant position on the market in cryptocurrency markets by the end of 2019. In terms of market capitalization, that is to say.
This is according to an A.T. recently published. Kearney Report. "By the end of 2019, Bitcoin will recover almost two-thirds of the crypto-market capitalization as overcoins lose their brilliance due to increasing risk aversion among cryptocurrency investors," the report said. "More generally, financial regulators will ease their position towards the sector".
Then there is the growing complexity of altcoins. "Our prediction that Bitcoin will regain dominance is supported by the growing complexity of the altcoins, most recently demonstrated by the" hash war "that occurred in the Bitcoin Cash ecosystem," says Courtney Rickert McCaffrey, head of thought leadership in AT Kearney Global Business Policy Council. "Further" forks "and the continued lack of consensus among developers on a future path will further widen the gap between Bitcoin as the most accessible and widely recognized cryptocurrency and the altcoin community".
This does not mean that all the altcoins will go away. "Some survive and grow into explosive companies, which have real products and generate real and substantial revenues. altcoin will follow the same pattern, "Steve Russo, Executive VP Eclypses." Those that are extravagant and devoid of real value will vaporize, while the real ones will not only survive, but prosper in time. "
Bitcoin had a bad year in 2018. The digital currency lost 73% of its value, dragging down the entire cryptocurrency market.
There are many reasons for this. Like the proliferation of altcoins, which has expanded the "horizontal" supply of cryptocurrencies.
Then there is the lack of transparency in Initial Coin Offerings (ICOs). He turned the cryptocurrency markets into a modern "wild west", scaring investors.
And there are persistently low adoption rates. Despite the buzz generated by social media, the adoption of Bitcoin has grown slowly, as evidenced by a recent Gallup poll.
This means that Bitcoin remains an exotic currency for "innovators" and "first adapters", but to reach the "mass majority". This is when a new product crosses the "turning point", according to marketers.
But there is one more reason for the decline in Bitcoin's value in 2018 – the increase in interest rates. They have chilled speculation on all markets.
However, things may change around 2019. A softer regulatory position could pave the way for the long-awaited launch of the Bitcoin Exchange Traded Funds (ETF) and could allow investors to participate more widely and boost the digital currency.
This is "ironic", according to A.T. Kearney Report. "Ironically, for the cryptocurrencies of seeing a third decade, the only viable way forward implies this acceptance on the part of the international financial system that Bitcoin has tried to defeat once."
Meanwhile, a pause in interest rate hikes could bring investors back to the Bitcoin market.
This is what the Bitcoin bulls need after a gloomy 2018.
[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don’t own any Bitcoin.]