Predictions of price in any market are not always accurate. This is especially true for emerging markets like cryptocurrencies. It can be difficult to predict the prices of these emerging markets. Although Bitcoin (BTC), was forecast to see a correction in 2018, very few people expected it to lose more than 80% in 2018. Let’s see what stock is in 2019 Weiss Ratings has just released.
Although BTC fell from its 2017 high, the fundamentals of crypto in 2018 were excellent. While the adoption rate was high, some institutional investors such as the Citigroup and Morgan Stanley showed interest. Bakkt and Nasdaq both planned to launch crypto-derivatives in order to attract other institutional giants. Many countries have established regulatory frameworks that protect investors and open their doors to crypto.
– The digital gold
Weiss draws inferences based on their trend cycle model and their crypto coin rating system, which rate the assets in terms technology, risk, reward and adoption.
First, Bitcoin will be digital gold. BTC is the most valuable digital store of value because it can be stored at no cost, can be transferred easily, and it can’t be confiscated or seized by any government. Weiss believes that BTC will rebound stronger than it was in 2015.
Some believe the token is heading towards death. However, Weiss claims that the bear has not only cleared the market of newbie traders and weak hands. BTC will rise to new highs in 2019 thanks to those who believe in its long-term advantages and are still a part of the community.
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