Wall Street Journal states that Bitcoin and Crypto Assets are used only by Blockchain Developers

According to an article in the Wall Street Journal (WSJ) published on the first day of the year, cryptocurrencies and blockchain technology provides few tangible uses. The article analyzes the crude-running stalemate in 2017 and the way in which the most popular virtual currency was realized in 2018.

The article says that Bitcoin and other virtual currencies are currently used only by developers in space.

The article reads as follows:

"Bitcoin and the hundreds of other digital currencies that have popped up over the years are still largely usable only by developers."

The article goes on to say that Ethereum (ETH) offers a less intuitive way to develop applications than other non-blockchain platforms. At the same time, the report states that at the moment there are no development kits available to create applications for iOS and Android.

Although the general view that the WSJ has virtual currencies and blockchain technology seems somewhat negative, it admits that there is real interest from institutional investors in market access.

However, this report does not take into account the positive things about virtual currencies. The number of addresses is growing in many important virtual currencies. Bitcoin has registered millions of new addresses during 2018 and the trend seems to continue.

One of the most interesting things that will mark the first quarter of 2019 is linked to the launch of the Bakkt platform for institutional investors. The Intercontinental Exchange (ICE) could launch the Bakkt platform as soon as next month, allowing institutional and traditional investors to enter the market. However, the company has yet to clarify the launch date of the platform.

During 2018, several Initial Coin Offerings (ICOs) launched tokens on the market. According to a recent report published by the WSJ, hundreds of cryptographic offers have shown signs of fraudulent activity. This is why the US Securities and Exchange Commission (SEC) is currently working to have a broader control over the crypto and blockchain markets.