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In the wake of regulations, market crises and new year's vibrations, Jalak Jobanputra, founder of FuturePerfect Ventures (New York Venture Capital Fund), believes that the year 2018 was the year of regulations for criptovalute.
2018 was the year of the cryptocurrency regulations
In an interview with CNBC, Jalak Jobanputra said that in 2017 the market experienced a sharp rise in prices. During 2017, prices in the cryptography market reached the next milestone, and Bitcoin's historical price run had paved the way for numerous projects based on its decentralized mechanism. On the other hand, in 2018 the market had fallen by over 70%, in fact, the top cryptocurrency ended with its worst year.
Jalak Jobanputra is an investor and entrepreneur, and he appreciated the way the market performed in 2017 and 2018. He said, due to the lack of transparency in the Bitcoin and other cryptocurrency business, many people have taken negatively, but according to her, it was a period of clarity.
He added that clarity is a good thing for the market.
2019 will be a better year for cryptocurrencies
A handful of states and other regulatory bodies are closely analyzing the most effective way to regulate cryptocurrencies and profit from it. However, he added that the cryptocurrencies of this year will be useful with new institutional products. As a result, Jalak stressed SEC's ETF (which is still under review) and the exchange of Bakkt's digital assets supported by the New York Stock Exchange and other market players will certainly be valuable to the market.
In fact, he believed, in 2019, the market will see who will actually be standing and will last. As we have seen, there are many projects that started and ended during the year, continuing that Jalak said;
I do not think there should be a question that the cryptocurrency will be available, rather it should be who is still standing at the end of the year.
During the interrogation, who will stand up, responded by recalling the emergence of Bitcoin. This Bitcoin appears on the eve of the financial crises in 2008. It has been about 10 years so far and Bitcoin has still survived in the market. While few believed Bitcoin as a store of value, she claimed that the 2019 year will likely prove "if people flock Bitcoin and crypts as a safe haven when the market becomes" adding uncertainty and asset classes "to be seen in 2019 .
In short, he noted
If we turned around, Bitcoin is simply the longest
Crypto Market is flourishing
As a result, it seems that the nightmare of the cryptographic market of 2018 is finally over. Bitcoin is traded in green with a variation of 1.55 for 24 hours. It is valued at (print time) $ 3894,32 with total capitalization of $ 67,995,005,258. Similarly, the other cryptocurrencies follow an upward trend according to the Coinmarketcap data.
Let us know your prediction on the cryptocurrency market this year!
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2019 will be a better year for cryptocurrencies – Jalak Jobanputra
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In the wake of the regulations, the market crises and the new year's vibrations, Jalak Jobanputra, founder of FuturePerfect Ventures (New York venture capital fund), believed that the year 2018 was the year of the rules for the cryptocurrencies.
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tabassum
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Coingape
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