When it comes to the crypto markets, “you ain’t seen nothing yet” this is according to David Zeiler, crypto enthusiast and associate editor of Money Morning.
After a year-long crypto winter, a lot of commentators and crypto predictors foresee a total crypto decline, irrelevance at best, death at the worst. These pronouncements are a little premature according to David Zeiler though. According to David, much will happen in 2019 to prove that murmurs about a crypto death are a mistake. According to him, the developments set to happen this year will prove that cryptos are no fad and are here to stay.
David went ahead to give some predictions of the crypto market in 2019, they are as follows
Crypto will be accepted more as an asset class
According to David, NASDAQ and ICE’s expected foray into the crypto scene is a pretty huge deal. He sees it as a powerful endorsement of crypto-currencies. According to him, if these two giant financial entities did not believe in crypto and were convinced that cryptos were a passing fad; they wouldn’t even consider dipping a toe in the crypto waters. Clearly, both NASDAQ and ICE believe cryptos are here to stay which is a positive indication for crypto enthusiasts.
The rise of top crypto custodians
According to David, 2019 will be the year that will see the relentless rise of top name trusted financial institutions with the ability and willingness to hold and store crypto securely. This in his view will help draw in a lot more investors
The Blockchain—more than just a buzzword
The blockchain is key since it’s the foundation in which all cryptos are built. David remarked that 2018 was great for crypto since crypto developments soldiered on despite the falling prices. This in his view gave developers in the space-time to work without all the price noises as was the case in 2017. He also expects the extinctions of “superfluous” Altcoins in 2019.