VanEck tells Nasdaq that 2019 will be a Good year for Bitcoin

VanEck tells Nasdaq that 2019 will be a good year for Bitcoin A recent tweet from Nasdaq laid out the positive developments coming to the cryptocurrency space. While the market has remained stagnant after several harsh crashes, many investors are perhaps waiting on the periphery for a true bottom to form as BTC drops to the $1500 range. But with Baakt on the way, NASDAQ is still as confident as ever in the future of cryptocurrency. “#Cryptocurrency is looking at slow & steady progress in 2019: ◻ Improved robustness of #crypto markets ◻ Advances in surveillance ◻ Developments in #crypto 2.0 products - @vaneck_us @MVISIndices @gaborgurbacs & @JillMalandrino on #TradeTalks: http://spr.ly/6014E3dIC” Gabor Gurbacs, the chief digital asset strategist at VanEck thinks investors need to be more knowledgeable and comfortable with the world of cryptocurrency in order to usher in the next major bull run. “Investors do not accept cut-corners in the digital asset market structure. They expect a lot of custodians to come to the market,” explained Gurbac. “They expect their assets to be safe which means non-nefarious activities should be toned down by an increase in surveillance. And frankly, most of the investors want to invest in assets conveniently – with the systems they already understand.” Another problem that has cropped up since the stark crypto crashes of 2018 is that startups have been struggling to raise capital. Gurbacs thinks as the cryptocurrency space becomes more available and accessible in 2019 that this process will become simpler and startups will find it much easier to raise money. “The goal they are going after is going to be easier to achieve. So they will find some ways to merge or raise capital together with mainstream financiers. The acquisition front will see some financial services companies and large tech firms to acquire digital assets of crypto companies to increase their offerings.” The sentiment from VanEck that crypto is currently too complicated makes sense. Most investors are confused by digital assets and the process of buying and trading. But as the space grows and matures, the public’s comfort and understanding will follow.

A recent tweet from Nasdaq laid out the positive developments coming to the cryptocurrency space. While the market has remained stagnant after several harsh crashes, many investors are perhaps waiting on the periphery for a true bottom to form as BTC drops to the $1500 range. But with Bakkt on the way, NASDAQ is still as confident as ever in the future of cryptocurrency.

https://platform.twitter.com/widgets.jsGabor Gurbacs, the chief digital asset strategist at VanEck thinks investors need to be more knowledgeable and comfortable with the world of cryptocurrency in order to usher in the next major bull run.

“Investors do not accept cut-corners in the digital asset market structure. They expect a lot of custodians to come to the market,” explained Gurbac. “They expect their assets to be safe which means non-nefarious activities should be toned down by an increase in surveillance. And frankly, most of the investors want to invest in assets conveniently – with the systems they already understand.”

Another problem that has cropped up since the stark crypto crashes of 2018 is that startups have been struggling to raise capital. Gurbacs thinks as the cryptocurrency space becomes more available and accessible in 2019 that this process will become simpler and startups will find it much easier to raise money.

“The goal they are going after is going to be easier to achieve. So they will find some ways to merge or raise capital together with mainstream financiers. The acquisition front will see some financial services companies and large tech firms to acquire digital assets of crypto companies to increase their offerings.”

The sentiment from VanEck that crypto is currently too complicated makes sense. Most investors are confused by digital assets and the process of buying and trading. But as the space grows and matures, the public’s comfort and understanding will follow.

The post VanEck tells Nasdaq that 2019 will be a Good year for Bitcoin appeared first on ZyCrypto.

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