2018 has been one of the most happening years for crypto and blockchain. A wave of startups helped bring a lot of mass public to blockchain. Developers, investors, institutions and users alike have started showing interest in the decentralized domain. As for crypto, the dramatic surges and plunges throughout the year ranged from $8K to $2K for $BTC while the market cap swung from above $300 billion to $100 billion.
A lot had been happening regarding regulations and governments and institutions dived into the crypto space. With the year being incredible for industrial growth for blockchain and adoption of Bitcoin, everyone in the crypto space has their eyes on 2019 to be the year which would boost mass adoption and help the currencies rise to new heights.
Recently, BlockPublisher got in contact with Mati Greenspan, the senior market analyst of eToro regarding his insights of the new year. He believed that 2018 was a great year for bitcoin and blockchain and 2019 would prove to be pretty much the same. The things to look forward to in 2019 would include Bakkt and the ETF, they were a hot topic of discussion in 2018 and were thought to be of the most helpful factors for triggering blockchain and crypto adoption, similarly this year, as said by Mati Greenspan,
Bakkt could likely pave the way for further adoption of bitcoin. I’m not certain that we’ll see any BTC ETF any time soon, but I don’t think it really matters.
The SEC had been speculative when it came to regulating Bitcoin and other cryptocurrencies due to the fraudulent and manipulative activities that were happening, upon asking Mati Greenspan if there would be any regulatory clarity in 2019, he replied,
Regulation is an ongoing process. So, yes we will likely see continued progress on that front in various countries.
As for the institutions and big names who run the market who wanted to dive into the space, Mati said that there wasn’t any reason why they would not want to invest into blockchain and crypto. He said,
I can’t speculate on what these companies may or not be planning but I don’t see any reason why they wouldn’t want to get involved.
As for big organizations like Facebook, Google, and Amazon, he stated,
Facebook has very publicly setup a new and mysterious blockchain initiatives department, as far as Google and Amazon, I guess we’ll have to wait and see.
With major upswings and downswings witnessed in 2018, the general public is very keen to see what 2019 brings, while the bulls are pretty hopeful to see a boost in the prices and adoption.