Thursday, 13 December 2018

Will the Crypto markets surge again until the end of December? Why or why not?

Oh, it’s very, very likely. Just look at all the things that happened last month. There is simply so much positive news pressure.
On August 16th, there might be a ETF decision by CBOE by the SEC. Bitcoin ETF Decision will NOT be on August 10 - Crypto Disrupt

If this decision turns out positive we can look at possible instant new bull run that goes from $8,000 to $60,000 until November, considering the last bull run went from $2,700 to $20,000 within 3 months as well. Complete Bitcoin Price History Chart + Related Events (2009 - 2018)

This, accompanied by the following 4 factors makes for an extremely strong setting for the next bull run.


1: Real-world traction

Since 2 months ago, we now have the first blockchain technologies that have real world traction

BAT with its Brave Browser have 2.1 million users after only 2 months
DENT now has over 2 million users sharing, buying, and selling mobile data around the world. It is on track to replace m pesa as it's really gaining steam in Africa. Truly an under the radar kind of crypto. The app is on iOS and Android.
GET Protocol - A working ticketing protocol built on the Ethereum blockchain. Has ticketed over 50,000 tickets in the Netherlands so far using its application GUTS Tickets, already has over 1 Million Tickets lined up to be sold on the protocol by the end of next year. Famous artists and comedians like Zaz, Jochem Myjer, Guus Meeuwis & Youp Van 't Hek onboard, using the Ethereum mainnet in Q3 of this year.


2: Index funds

More and more companies are now offering crypto index funds, such as C20 where institutional investors or simply families can diversify their assets into crypto. Example: Coinbase is launching its own cryptocurrency index fund and already has a $20B client!! Coinbase Acquires a $20B Customer for the Institutional Brokerage Service.


3: Governments

Korea has just announced yesterday that it will invest $230M into blockchain technology Korea to invest 230 Billion Won on Blockchain Technology • r/CryptoCurrency


4: Insitutional investors


1. World’s largest asset manager BlackRock who is currently managing $6.3 Trillion might start investing in the Cryptocurrency Markets soon :
https://www.fnlondon.com/art

2. Billionaire Steven Cohen is investing in Crypto:
https://btcmanager.com/billionaire

3. CIA saying Cryptocurrency Markets are becoming more trustworthy :
https://www.forbes.com/sites/yay...

4. One of South Africa's biggest financial firms is adding Bitcoin and Ethereum to its trading platform:

https://news.bitcoin.com/sa-purp...

5. India will most likely regulate Crypto instead of outright banning it:

https://www.ccn.com/indias-centr...

6. Even Bloomberg is pumping Crypto: https:

//www.bloomberg.com/news/a...

7. Institutional investors can very soon invest into crypto. This can come quite soon, probably in 3 months, since Nasdaq, the largest U.S. stock exchange and Stuttgarter Börse the largest European stock exchanges, both with a $100B (!) daily volume will offer cryptocurrencies soon. Nasdaq , Stuttgarter Börse. That is 10 times more than the current crypto daily volume of $10B, of which 90% if suspected to be wash trading, so it’s probably actually only $1B of trading volume in crypto. I think it would be reasonable to say that being listed on platforms with $200B daily volume could probably increase daily crypto volume from $1B to $3B and the total market cap of cryptocurrencies from $300M to $1T within the next 3 months.


Conclusion

As you can see, there will be a lot, a lot of money, interest and exposure coming into crypto and the next couple of months will be very exciting. It seems like were are now out of the wood works and can go back to sustainable growth.


By Marius Kramer
source: quora.com 
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