Having the Crypto Winter way past our doorstep and the price of Bitcoin getting massive ups and downs, according to our latest bitcoin news, experts believe that 2019 will be the year when the volatility of the number one crypto asset will subside after the institutional investors enter the market.
Chief investment officer of Apollo Capital Fund in Australia Henrik Andersson said:
“During the coming year we will see a gradual adoption from institutions. We have the first US university endowments investing in funds.”
According to Novogratz:
“The fact that David Swensen [Yale’s chief investment officer] put an investment into bitcoin — with his reputation on the line, his endowment on the line — tells you something. Some of the smartest people in the investing world think it’s a store of value.”
Institutional investors got delayed because of the harsh bear market and they are now expected to enter in 2019. They also got scared off from the massive downturn.
Experts argue that mainstream adoption depends on the regulatory clarity and creating better regulatory frameworks in order to stimulate the crypto industry. The United States lawmakers already proposed legislation to prevent manipulating the price of Bitcoin.
For example, the co-founder of Circle, Jeremy Allaire noted:
‘’We have been very active with the Congress, with policymakers.’’
The Congress is taking bold steps for crypto regulation and boosting the blockchain technology in order to become the driver of the economic growth of the country.
In Europe, legislators are also pushing hard for blockchain adoption. Some are even considering issuing their own digital currencies.
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