For these reasons, BITCOIN will flourish in 2019

It expected that the digital currency market would see significant benefits next year, especially after the continued fluctuations in 2018

Recently, interest in digital currencies has increased again, and according to Google’s indices, most people now wonder whether the current situation will lead to a devaluation of the digital currencies especially since if we compare the graphs from 2018 with 2014, we can compare the situation with what it was four years ago

However, the important thing is that many governments are regulating the digital currency sector, and major financial institutions have announced plans to release encryption-related products and integrate blockchain into their current business model. In September, the global banking giant UBS Group AG, Santander, Deutsche Bank, Bank of New York Mellon Corporation, and others adopted the blockchain technology, which is supposed to be used in the execution of KFH transactions

According to BitCOIN analysis, many large institutions are preparing to enter the digital currency market in 2019. These events can dramatically change the situation in the industry and the price of the homeowner will rise again, as predicted by renowned experts such as Fundstrat Chairman Tom Lee, Jeff Spcher and billionaire Mike Novogratz

BAKKT – a platform for institutional investors

The operator of the New York Intercontinental Exchange (ICE) is also preparing to launch Bakkt, a platform for institutional investors. It will be the first producer to have Futures contracts. The plan was that the platform would begin operating on December 12, 2018, but postponed to January 24, 2019, due to the large flow of customers

Extraordinary investments

Fidelity Investments Holdings, which manages $ 2.1 trillion in assets, is launching its own investment platform to launch products to store large volumes of institutional investors interested in the industry

According to Fidelity’s chairman, the situation in the industry can change for the better

BITCOIN ETF

The Securities and Exchange Commission (SEC) is also considering a request for the Bitcoin ETF

According to many experts, this a very important event for the digital currency market, as Wall Street investor and financial adviser Rick Edelman believes that the market situation will change after approval of ETFs

One of the biggest stock markets in the world, Nasdaq is poised to launch Futures contracts with VanEck. The new product, to launched in the first quarter of 2019, will focus on the spot price of the Betcocken from many exchanges, other than CME and CBOE, which use information from four single platforms respectively

After the opening of futures on the Chicago Stock Exchange in December 2017, the value of the first digital currency reached $ 20,000, and in January 2018, the market value of the industry exceeded $ 830 billion

Services of large banks

Many major banks, such as Goldman Sachs, Morgan Stanley, Citigroup and others, are preparing to launch futures, derivatives, or simply provide their customers access to digital currencies

Organization and infrastructure

Experts agree that digital currencies need serious regulation and require infrastructure

In 2017, legislators from different countries studied the issue of digital currency regulation and discussed the issue at the intergovernmental level at the G20 summit

Countries such as Estonia have achieved great success in solving the issue of digital currency regulation, in addition to using blockchain to protect access to personal data of citizens

BITCOIN ETF

blockchain

Digital currencies

BAKKT

 Platform for institutional investors

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