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Bitcoin (BTC), Cryptocurrency-While cryptographic markets see a slight price reversal to complete the last week of December, with the bitcoin approaching $ 3,700 after reaching a relatively previous low in the week, industry forecast forecasts for 2019 continue to ruin investors.
Last week, like reported by EWN, the multi-billion dollar investor Mike Novogratz complained about the state of the cryptocurrency markets in 2018, arguing in a conference call that,
"It was a horrible bear market in token.There are a lot of reasons to be depressed."
However, Novogratz qualified his statement with some positive buzz, reminding investors that currency prices may be falling, but adoption and general acceptance of crypto and blockchain have increased throughout the year. ;year. Despite its encrypted investment company Galaxy Digital Holdings recorded over $ 130 million in losses in the 2018 bear cycle, Novogratz remains confident in the cryptocurrency that runs until 2019 and beyond,
"Basically I think you will see a great adaptation in 2019, 2020. Many articles in the digital world, e-gaming space, are low-value objects so I think people will be more comfortable in participating in the blockchain. that area ".
While Novogratz, a longtime bull and Bitcoin advocate for cryptocurrency, remains hopeful for a market recovery next year, traditional financial windows have one more reason to be cynical. At the end of the year, the review-based review for the 2019 forecast, the Bloomberg column of opinions reached an agreement with the encrypted investors by publishing other FUDs that have become an integral part of traditional publications.
Round the top of the list for "excellent 2018 forecast", the piece of opinion from Barry Ritholtz lambasts Bitcoin and the litany of assumptions that were made at the beginning of the year in the middle of a bull run,
"The specter of predictions ranged from the sublime to the negligent criminal to the completely insane." It went so badly that a website was created to track all the Bitcoin prophecies. "
The article continues to call Tom Lee of Fundstrat and the aforementioned Mike Novogratz for their forecasts throughout the year,
"Tomstrasse's 2018 forecast for $ 25,000 Bitcoin Fundstrat was reduced last month to $ 15,000 by the end of the year. (The cryptocurrency was recently traded at around $ 3,650.) As silly as it sounds, it seems to be was modest compared to the rest of the asylum Michael Novogratz predicted that "$ 40,000 was possible by the end of 2018."
While Bitcoin continues to trade near a relative low for the year, with digital assets slipping from around $ 20,000 to December 2017 to $ 3600 as written, schadenfreude for BTC and cryptocurrency in general is growing. From a combination of FOMO and "I've told you", traditional financial analysts are lining up to throw stones at the cryptocurrency number one from market capitalization, despite the fact that it has not been possible to predict such a rise for the currency just a year ago.
Investors, still at the mercy of the bear cycle losses in 2018, have little to elicit because we enter the last month of the year. However, they managed to overcome the Bitcoin hate storm and BTC's claims "to be dead", which led to the creation of websites that monitor the obituaries for the currency. Time will tell if the current series of predictions for the disappearance of Bitcoin will be added to the heap.
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