Fundstrat’s 2019 Crypto Outlook Expects Crypto Prices To Make An Recover

by | Feb 11, 2019 | Cryptocurrency, Cryptocurrency News

Fundstrat | Crypto Outlook | 2019 | Crypto Prices

Fundstrat Global Advisors, a New York-based research company has released their 2019’s crypto outlook on Friday, Feb. 8. The report suggests some incremental improvements required for the market in order to support higher prices for cryptocurrencies.

Fundstrat’s co-founder and pro-crypto Wall Street analyst, Tom Lee, shared the report on his Twitter account. He further posted an introduction to the study and infographics that trace key market tendencies from 2017 to now. Lee’s tweet states.

“We see 9 incremental improvements in the landscape that ultimately support higher prices,” 

The introductory chapter’s preview shared by Lee illustrates a brief assessment of 2018. According to Fundstrat, the said assessment has brought a lot of disappointment.

The Negativity around the ecosystem

The analysts add that the negative headwinds, such as the initial coin offering (ICO) post-hangover, adverse regulatory developments, and excessive exuberance have shadowed some of the crypto’s achievements, including the launch of the Lightning Network and wallet growth.

The report further asserts that the situation is slowly starting to change in 2019. While it is still too early to talk about mass adoption, cryptocurrency prices might make a visible recovery:

“Is 2019 the mainstream breakout year? Nope. But that is not necessary for crypto prices to eventually bottom in 2019, and by the end of 2019, we expect prices to be staging a visible recovery.”

2019’s Outlook

The report points out the expected weakening of the United States dollar, will be one of the first reason behind Bitcoin (BTC) price recovery. The analysts also assert that the emerging market equities will outperform U.S. stocks and bonds, which in turn, create a crypto friendly environment.

Furthermore, the level of participation from the institutional investments will also see an increase by 2019, majorly due to the entry of custody solutions and over-the-counter (OTC) trading. This much-awaited event will contribute to the crypto price recovery. Fundstrat also mentions Binance’s recent decision to support credit card crypto purchases and that it will stimulate the overall interest in the ecosystem.

Coincidentally, the reports’ release was alongside the market recovery that started Friday, Feb. 8. Bitcoin managed to break the $3,600 price point and stayed afloat for three days in a row, at the time of the writing. As for other currencies, they observed double-digit gains on that day.

Read more: H&M’s Distributors Starts Accepting Cryptocurrency Worldwide

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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