HomeCryptoThe 5 uncertainties of the cryptocurrency market for 2019

The 5 uncertainties of the cryptocurrency market for 2019

As the new year approaches, the question arises as to what elements of uncertainty will influence and guide the cryptocurrency market in 2019.

What factors will prove decisive in an industry where some analysts think that BTC will fall below $1500 and others that will rise above $10,000?

According to Nasdaq, the most important impact factors could be the following:

 

  • ETF on Bitcoin.

 

A much-discussed topic and by now almost two years have passed since the first attempts of the Winklevoss brothers to launch ETFs on the main crypto.

The approval still has to face some obstacles: Jay Clayton, a member of the SEC board, said at the recent Coindesk Consensus that ETFs make sense if you can ensure that markets are not manipulated, this is a problem that has to be solved before such a tool can be authorized. This has turned off a lot of enthusiasm about a future approval.

 

  • SEC investigations into ICOs.

 

The Federal Financial Market Supervisory Authority has been observing the ICO sector for a long time, they even launched a fake website to show how easy it is to be deceived.

Unfortunately, beyond the investigation of the most fraudulent cases and the rather general indications on the division between security and non-security, the SEC has not yet been able to produce an ad hoc regulation on the matter.

 

  • Security Tokens.

 

The tokenization of ordinary assets is the future, but there is a lack of uniform regulation and procedure on how to proceed with this process.

Issuing ad hoc legislation can lead to an explosion in the sector.

 

  • Utility Tokens.

 

2018 was the year of utility token offerings from various platforms, such as Ethereum, Tron and others.

But not all of these projects have been completed yet and the question is how many of them will actually become operational in 2019.

 

  • How will the financial markets behave and what will the monetary policy be.

 

The crisis of the second half of 2018 shows that the myth of the neutrality of cryptocurrencies with respect to markets and monetary policy is false and there is an influence of these factors on crypto. Therefore, it is right to question the development of other markets and the future decisions of the central banks.

 

  • How will the media deal with the phenomenon of virtual currencies?

 

The attitude of the mass media can also influence the trend of cryptocurrencies.

If sentiment continues to be sceptical, this may delay the adoption and thus value growth.

Fabio Lugano
Fabio Lugano
Graduated with honors from Bocconi University, Fabio is a consultant for companies and wounded shareholders of the Banche Venete. He is also the author of "Scenari Economici", and lecturer and analyst of cryptocurrencies since 2016.
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