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On January 1, 2019, the Wall Street Journal published an article on the industry blockchain and cryptocurrency. The article states that these emerging technologies are not as useful as they appear superficially. He talked about the 2017 bull race followed by the 2018 bear run. According to the article, Bitcoin (BTC) and other cryptocurrencies are only used by blockchain developers. Part of the content was as follows:
The article states that the Ethereum blockchain offers developers a less intuitive platform than other blockchains. The current platform has no development kit for Android and iOS devices. This is difficult according to the developers.
Technology Blockchain Review by WSJ
Of course, the review of blockchain technology by the Wall Street Journal is generally negative, but still includes some good news. For one, the article noted that there was an increase in interest from institutional investors in 2018. However, it did not indicate many other positive things that are happening in the industry as the growing number of virtual currencies and new addresses.
In the first quarter of 2019, the Bakkt platform will be launched for institutional investors that will mark the beginning of a new era for cryptocurrencies. Although no launch date has been set, sources say it may already occur starting next month. There are still some rumors about the relocation of the launch in the second quarter of the year, but nothing is still certain. The only thing certain is that the launch will have a positive impact on cryptocurrencies and blockchain technology as a whole.
In 2018, many ICO tokens were launched on the market. The review of the Wall Street Journal shows that hundreds of initial coin projects launched last year were fraudulent. These companies have capitalized on the blockchain hype to rob investors of their funds. This made US regulators more active in the sector while trying to gain market control.
Bitcoin price analysis (BTC)
Honestly, 2018 has been tough for cryptocurrencies. The bearish wave that has taken control of the market has led to many problems in the industry. It's true that BTC has always been volatile, but the decline from its all-time high of nearly $ 20,000 to a minimum of $ 3183 was not expected by anyone at the start of the year. This prompted speculators looking for short-term rewards and even some true believers joined the sell-off.
For weeks now, BTC has been suspended around $ 3000 and $ 4000 levels. Some experts have said that BTC will touch $ 3,000, while others have said it could go down to $ 1,000. Even the end-of-year rally was not enough to drive the bears out of the market. After trading in green just before Christmas, BTC returned to trading in red.
