CoinList CEO: Quiet Year For Crypto In 2019 Will Lead To Innovation (cointelegraph.com)
Here’s the best tl;dr summary we could make of cointelegraph’s covereage of the thoughts of CoinList CEO Andy Bromberg:
Cryptocurrency markets in 2019 are “Going to be quiet for a little bit” while firms focus on building the crypto space, the CEO of CoinList Andy Bromberg told Yahoo Finance on Jan. 31.
Following record highs at the end of 2017, cryptocurrency markets in 2018 were mostly bearish.
Major coins took large losses and at the end of the year, Bitcoin was down by 74 percent while both Ethereum and Ripple fell by 84 percent.
The first month of 2019 has also seen major losses among top cryptocurrencies.
Those same coins, BTC, ETH and XRP, are all down 9.5 percent, 22 percent, and 15.5 percent on their monthly charts, respectively.
“[In 2019] it feels like people are focused on building… I think the market is going to be quiet for a little bit, while people focus on actually creating things.
It feels like a little bit of a Mesopotamia, ‘cradle of civilization’ moment, where everyone has the ingredients they need, needs to focus in and start to build out those empires, and create what the future is going to look like, and that’s what this year is going to be about.
Original article reduced by: 56%
Read the full article here.
Related story: VanEck & Bitcoin ETF Hopefuls Refile Application To U.S. SEC (newsbtc.com)
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