Australian Study: Fintech Experts See Bitcoin Ending 2019 At $9,000
A study conducted by Finder.co.au in Australia saw experts in the financial market forecasting the year-end Bitcoin price in the $7,500 to $9,000 range.
Executives at investment firms, individual investors, and fintech experts are generally positive on the long-term trend of Bitcoin because of various short-term catalysts that may fuel the market.
In the first quarter of this year alone, ICE’s Bakkt is expected to launch a Bitcoin futures market in the U.S. and the Fidelity is said to offer cryptocurrency custody.
Two things to look out for in 2019 will be whether we will see decoupling of the cryptocurrencies, as to date they have trended in a relatively similar manner.
The second is the impact of the traditional markets on cryptocurrencies.
Will bitcoin rise if the S&P drops? On-ramp and off-ramps to purchasing cryptocurrencies will improve in 2019 with Bakkt and Fidelity Group entering the market.
Already, exchanges in major markets such as Japan and South Korea are struggling in dealing with a substantial decline in the daily trading volume of the cryptocurrency market.
Original CCN article written by Joseph Young reduced by 74%
Related story: Tencent Survey Reveals Chinese Economists Divided On Future Of Blockchain, Crypto (cointelegraph.com)
Support Our WorkWhy support us? We work 24/7 to provide simple summaries of the latest cryptocurrency news and developments from across the web. Crypto-News-TLDR relies entirely on contributions from readers to stay independent. BTC ETH XMR IOTA AION Alternatively, support us by using the following referral links: Exchange: Binance | Hardware Wallet: Ledger Browser: Brave | Free Bitcoin: Coinbase
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.