[ad_1]
With the anniversary of the most substantial Bitcoin price coming, analysts and other market experts constantly predict what the next digital asset will do. Mike Kayamori, CEO of QUOINE, believes he knows exactly the Bitcoin scheme, even if he does not see the trajectory that mimics last year's peak until the end of 2019.
Even then, rather than matching it, he believes that the price will "exceed" all previous highs, based on a Bloomberg Markets: interview in Asia today. Considering the damage caused during the crisis that affected almost all the tokens, Kayamori believes that the new momentum will not start until 2018.
As he explained, he said that "there is nothing new, no catalyst" that is happening anytime soon to be the cause of the price increase. Although many industry leaders have defined the price of $ 4000 for Bitcoin as the "technical fund", the currency has not kept that place, losing even more value. Commented,
"That said, when you look historic [patterns] and where things are going, I think the bottom is close. "
He elaborated his point by raising the pressure that the Bitcoin miners are facing, as some of them close their operations to avoid further losses compared to what they have already claimed. He said:
"If there are enough miners who fail, that [means] the balance is close When you look at how the markets outweigh, both up and down, you can probably say it's near the bottom. "
Kayamori believes that Japanese regulators are driving this price spike, expecting them to start approving new token listings and exchanges. Regulators have recently become more stringent with $ 534 million of theft at the beginning of this year with Coincheck, a Japanese stock exchange.
Kayamori also highlighted the number of trades that almost met the requirements imposed by the orders for improvement of the business of the Financial Services Agency (FSA). With this accession, it is hoped that the restricted exchanges will return to the encrypted space.
Japan's token exchanges and lists are becoming healthier than ever before. Positive impact on compliance, segregation of assets and secure storage of the cold wallet, the cryptographic ecosystem in Japan is experiencing a "consolidation" that will only lead them to more profitable and compliant services.
Japan was the "first global economic power" that took control of the cryptocurrency, and their mission to regulate the sector will end up benefiting investors and trade. They are also creating a new model to replace Initial Coin Offerings (ICOs) as a fundraising method, which will be called Security Token Offerings (STO). This could help eliminate an important crowdfunding effort that has been plagued by multiple scams over the years.
Along with all these changes in Japan's cryptography industry, the local government is also working to reduce the risk of tax evasion by users who manage to turn a profit into their encrypted transactions.
[ad_2]Source link
