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The venture capital investor Fred Wilson suggested that the cryptocurrency will not be a safe haven in 2019 in a "weakened" economy, according to a post published on January 1st.
Wilson is a venture capitalist and American entrepreneur, allegedly supporting companies like Twitter, Tumblr, Zynga and Etsy. He is also a co-founder of New York's venture capital firm, Union Square Ventures, and one of the first digital currency investors.
In the blog post titled "What will happen in 2019", Wilson suggests that a series of events including a bearish stock market, a "weakening" economy and some major problems with the global economy will make investors cautious towards the sector start. Wilson does not see cryptocurrencies as a safe haven, although he notes that "there will be signs of life in the crypt in 2019".
As for the impetus to the next bullish phase, Wilson lists a number of "promises" made in 2017. Among them, he notes the Filecoin mining software project of Protocol Labs, the payment plan based on Algorand blockchain, and apparently a number of "next gen" smart contract platforms that can compete with Ethereum (ETH).
According to Wilson, the stablecoins will see significant progress and consumer adoption this year, along with non-fungible tokens, cryptogaming and revenue and spending opportunities. Wilson also states:
"The area that worries me most are actions taken by misguided regulators that will target high quality projects and damage them, and we will continue to see all kinds of failures, from scams, hacks, failed projects, and loss. investment will be an obstacle for the sector ".
In addition, Wilson believes that Donald Trump will be indicted and removed from the White House by the end of 2019 following the report by Robert Mueller – the sixth director of the Federal Bureau of Investigation (FBI) – which exposes a presumed history of illegality President Trump and his election campaign.
In 2017, Wilson said that average investors should hold between three and five percent of their assets in cryptocurrency. He added that he himself had encrypted investments equal to about five percent of his portfolio.
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