The co-founder of TriVest Wealth and HNW Private Client & Family Office CIO, Martin Pelletier explains that although the crypto fans state that the crypto charts have been going relatively upwards as of now, the entire year of 2018 was nothing short of a disaster for the cryptos. The entire market was no doubt a victim of devaluation this year as the trends went south unlike any previous chart behaviour with the cryptos. The trends hopefully came to a halt currently as analysts and enthusiasts are seeing light at the ned of the tunnel. Martin states that a financial massacre of this sort was seen back in 1901. During the time of the recent financial mishap, there was nothing for people to functionally resort to except from solid cash. BLockPublisher got to be the middle party as we successfully extracted remarks from the man himself over the very discussion under consideration.
We got to witness that worst financial year since 1901. An estimated of 93% of asset class returns were negative in 2018. The last resort for people was to turn to cash. Though the charts were highly unlikely to ever occur, this has marked us new statistics to evaluate a similar situation in the future.
The last year has not only been good to the cryptos but the fiats have also faced a pressure of similar extents. Martin has opened up a very striking case as we have turned back to the situation the financial assets were in, in 1901. Whether we trace a similar path to another destruction is yet to determined as analysts have been constantly working out a predictable trend which the financial assets follow.
The worst crisis had people buying into more crypto but the prices did not go up as there were not much buyers supposedly. The lower prices kept the owner from selling their share as they rightly guessed that their financial assets are worth way more.
Fund Mgr. Capital Innovations, Michael Underhill, had some remarks over the discussion focusing over the fleeing investors who are always out for hunting their suitings.
What is interesting is the number of investors fleeing public markets seeking private market alternatives. Structures as well as physical/real assets will be more of a focus moving forward as a hedge.
