predictions crypto 2019
now i’m no expert (with my predictions) but this is looking like a trend reversal to me. Historically, bitcoin “crashes” have always had a bloody, deep, and scary spike down before resuming the next bull run, and we haven’t really seen that yet...but who knows? Not even Honey Badger knows what it’s gonna’ eat next! So for now i’m going with it being DOOBIE TIME !!!
- ONCE THE PRICE OF BITCOIN BOTTOMS, EXPECT A SLOW RECOVERY OR STAGNATION, COUPLED WITH CONSOLIDATION
Bitcoin has been the biggest asset bubble in history; and history tells us that after a collapse in an asset bubble recovery is slow, if not anaemic. Expect a collapse and consolidation throughout the market – miners, tokens and coins.
- CRYPTO ETFs WILL NOT BE APPROVED IN 2019, DUE TO UNRESOLVED MARKET PROBLEMS
Many see regulatory approval of Crypto ETFs as a potential game changer given it will provide institutions access to a regulated product. But with the U.S. Securities and Exchange Commission (SEC) still having major concerns around crypto exchange manipulation, fraud and digital custody risks, don't expect this to happen anytime soon!
- SECURITY TOKEN EXCHANGES WILL EMERGE AND EVENTUALLY SUPERSEDE TRADITIONAL CRYPTO EXCHANGES
Arguably, no security token exchange is yet institutional grade or liquid enough, to support scale, but expect this market to mature in 2019. Security Token Offerings (STO) will eventually become the go to fundraising option for blockchain projects which means Security Token exchanges should supersede traditional utility token exchanges. Read more about the token market here.
- ICOs WILL DIE A SLOW DEATH
Earlier this year, I published a paper on why many initial coin offerings are a waste of time. Indeed, reportedly more than half of ICOs from 2017 have already failed. I now expect this market to come close to near-death as demand shifts to regulated Security Token offerings (STO). ICO demand will be limited to a smaller section of the retail market.
- TIER 1 INSTITUTIONS WILL BEGIN TO EXPLORE THE TOKENISATION OF ASSETS
Expect more institutions to get involved in pilots trying to tokenise everything from bonds, equities, and investment funds. Expect to see the entry of big name financial institutions beyond Fidelity, NASDAQ and the Swiss Stock Exchange.
- INSURANCE OF DIGITAL ASSETS WILL INCREASE IN SCOPE AND SCALE
There will be increasing insurance coverage of crypto exchanges and digital custodians for cold storage. Lloyds of London announced their intent to do this back in August, and I expect more mainstream players to follow suit in 2019.
- CRYPTO CFDs IN THE RETAIL MARKET WILL BE BANNED
The UK taskforce on Crypto Assets (FCA, BoE and HM Treasury) have already given a strong indication that they will ban these products in 2019 or severely restrict their use to protect investors.
