Bitcoin will bottom out in 2019, followed by new bullrun. Forecast of the investor
Source:
Known venture capitalist and co-founder of world-renowned Fund Union Square Ventures Fred Wilson has shared the blog with his predictions about the stock market for the year 2019. First, the expert discussed the macroeconomic developments, including news from the fed, a trade war between China and America and the tumult of the stock market. He then talked about BTC and other assets based on the blockchain.
In response to the words of co-founder and founder team of ConsenSys blockchain , Wilson noted that there is now an emerging asset class moves to its bottom. According to him, the most profound ones are large, flexible and durable cryptotoken. To them includes Bitcoin, Ethereum and other coins.
He also noted that the declining trend may extend over a large part of 2019. And before we live to see another bullrun, there will be another big sale. It can cause more time to test the annual low at $ 3150. However, despite the predictions of many analysts and enthusiasts, the price is unlikely to go below.
thethe fulfillment of the promises in 2017 will spur growth of the crypts in 2019
The Main catalysts of Bitcoin prices in 2019, the investor believes that the implementation of promises to the community of 2017. Some of the big launches scheduled for this month. Wilson in the first place expecting any progress of major projects by type Algorand and Filecoin, ICO, which has attracted more than $ 200 million. While Fred does not preclude growth in the number of break-ins and Scam, although he makes it a trivial matter for any developing technology and industry.
Today, Bitcoin is trading at $ 3,860, while Ethereum has exceeded $ 150. Market capitalization is the equivalent of 131 billion. More data to search for .
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