[ad_1]
Just like any other significant financial market in this world, the crypto industry has a lot of predictions and prophets of all colors. The year 2018 began with Bitcoin trading (BTC) around $ 15,000, which made many investors optimistic about the future of cryptocurrencies. Several warnings related to BTC did not occur by the end of 2018, although the majority proved to be somewhat naturalistic. Let's take a ride towards some of them.
Forecasts that have gone wrong
- Mike Novogratz: Institutions to plunge into cryptocurrency
The former partner of Goldman Sachs, founder of Galaxy Digital, Mike Novogratz, was quite correct in the predictions made this year. In mid-December 2018, after the heavy market crash called "winter crypt"
he revealed that the price of BTC would not plunge more, remaining around $ 3,000 and $ 6,000, which is 100% correct.
However, its positivity to institutional actors entering the cryptoasset sector was apparently inopportune. "I think that in the first quarter or second quarter of 2019, if the institutions begin to enter, we will make new highs", revealed Novogratz in October. According to a recent
relationship of coinidol, Wall Street's dream on cryptoasset is currently oblivious, since the value of cryptos has declined. Insiders have told them that financial bulls like Goldman Sachs, Citigroup and Morgan Stanley have withdrawn their plans until the demand is high again.
- George Friedman: DLT will become disused
In June 2018, Geopolitical Futures geopolitical analyst, an online publication, George Friedman,
revealed in an interview that distributed the ledger technology (DLT) one day it would become obsolete and obsolete, noting that nascent technology is just another fashion.
Although George has never mentioned the exact period of time he intended, but today DLT is far from obsolete. It seems that the aging of the DLT this year is similar to a dystopian film of science fiction, but not to reality.
The mass adoption of blockchain technology is visible in many governments around the world, as the DLT is now being tested in various industries. Some countries like
China went out to ban the use of crypto and ICO, but they also came out to recognize the benefits of DLT and created its own blockchain technology
pilot area.
- Tom Lee: Bitcoin to hit $ 25,000
Tom Lee, the co-founder of Fundstrat Global Advisors, this time went offshore while forecasting possible BTC rates. In January, it predicted that BTC will reach $ 25k by the end of this year and has continued to repeat the same period of time during 2018. As now, its prediction seems unlikely to happen.
Recently Tom came out to apologize by saying that his position was a big mistake, first reducing the year-end level to $ 15k and later
rejecting comment on the BTC price.
However, Tom is optimistic that the fair value of Bitcoin is far higher than its current price. His only 2019 will prove if Tom is wrong or not.
Forecasts that have arrived
- Todd Gordon: Bitcoin to dive at $ 4k
Todd Gordon
expected the price of BTC will drop to $ 4000 to six months before the "winter crypt". At this moment, second
coinmarketcap, BTC is trading at $ 3.905.
Although, the second part of its forecast is still uncertain. Because BTC regains next year and exceeds the $ 10k level it is once again a matter of time.
- Joseph Lubin: a vivid future awaits
The co-founder of Ethereum (ETH),
Joseph Lubin, recently said that the minimum price is over, explaining further on another
Tweet which was dedicated to scalability:
"The sky is not falling, from my perspective the future looks very bright."
This same statement is, albeit, to be right or wrong in 2019.
- Ari Paul: Bitcoin and Bitcoin Cash (BTC) to deal with more Hard Forks
The co-founder of Block Tower, a fund of cryptocurrency, Ari Paul, has made several
predictions via Twitter at the beginning of 2018. One of these covered the BCH fixed junction in November
result to be 100% true. He said:
"Both BTC and BCH will continue to focus on hard fork and> 10% of the value of each (if held today) will reside in new expansions."
The BCH conducted a hash war and a large division for the crypt, which saw the creation of BCH ABC and BCH SV. However, BTC has not yet split and the year is almost coming to an end.
- Reggie Brown: BTC Exchange-Traded-Fund (ETF) will not happen soon
The senior managing director and head of ETF trading at Cantor Fitzgerald, Reggie Brown, is hailed as the "Godfather of the ETFs". Last month, the Godfather of ETFs
He said BTC's ETF will not be approved very soon and in fact it was right.
Brown's prediction was later endorsed by Hester Pierce, U.S. SEC commissioner, who is also himself
hailed like the "mum crypto" from the cryptocurrency ecosystem. The commissioner warned the community to avoid holding their breath while waiting for the BTC ETF.
- Chris Concannon: ICO markets will face SEC lawsuits
The president of Cboe Global Markets, Chris Concannon,
revealed in June, collective legal actions are more than likely to dilute companies behind ICO projects. He advised ICO investors to stay alive in the future regulatory framework.
Months later, Chris's words were certified by the SEC. Last month, the U.S. regulator
done the first legal sanctions against two ICOs because they did not record their token sales and this war has just begun.
[ad_2]Source link
