Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Articles about Cryptocurrency => Topic started by: PRIBO247 on December 10, 2018, 09:27:28 PM
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The cryptocurrency scene is an ever-evolving one, that is
consistently unveiling itself as a pillar upon which global
socioeconomic structures will be built upon. For a technology
that is still in its infancy, cryptocurrency has received massive
adaptation since 2009, when the world’s largest
cryptocurrency (Bitcoin) was incepted.
Ever since then, the cryptocurrency space has been exploding
in leaps and bounds. 2018 has definitely awed traders in more
ways than one, however, as a new year approaches, traders
are awaiting yet another extensive adrenaline rush as they
anticipate a 2019 that erases the reign of the ongoing bearish
trends.
High Expectations for 2019
The new year is certain to nurture a handful of events and more
importantly launch and nurture most of the highly anticipated
features that have been established in 2018. The rise of
institutional investors was highly pronounced this year.
With the likes of Bakkt moving into the cryptocurrency space, it
is certain that an increment in trading price and volume will
surface in the coming months. With over $100,000 worth of
cryptocurrency having been bought by institutional investors in
2018 according to reports from Bloomberg, a fresh bullish
downpour is soon to take the cryptocurrency wheel until the
close of 2019.
In fact, the upsurge in the rise of these institutional investors
has been confirmed by Hunter Horsley, the CEO of the world’s
first cryptocurrency index fund Bitwise.
The CEO revealed that around 20% of his clients have doubled
their cryptocurrency investments. Despite the bearish trends in
motion, these investors are holding firm to the growth of the
market.
Horsley went to disclose that the blood stains in the
cryptocurrency market may have forced individual traders to
cash out, but as for institutional investors, this is yet another
opportunity to attain digital assets in their many numbers
while awaiting a bullish outpour in 2019.
Source : https://zycrypto.com