💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Experts Share: What Are the Main Crypto Conclusions of 2019

Published 01/06/2020, 01:35 PM
Updated 01/06/2020, 03:21 PM
Experts Share: What Are the Main Crypto Conclusions of 2019

I think the year of 2019 was a year of big hopes for wider adoption and some disappointments. The Libra debacle was one of the big events that, in my view, influenced the market quite a bit. While the reaction of the hardcore crypto community to Libra was mostly negative (Libra is not really a cryptocurrency), there was hope that bringing 1B people to blockchain-based currency will increase awareness and adoption. But this did not work out.

So, in my mind, the biggest milestone is that crypto made inroads into the mainstream media and awareness, and the setback is that this did not lead to wide adoption (yet).

  • That crypto found its way onto the “top 10” topics of many politicians and central bankers.
  • Of blockchain turbulence in China, which ended on a positive note in late October — but which created waves moving out across the rest of the world.
  • Of increasing legal constraints which have transformed offerings (ICOs) into an option only for those with very well-funded legal and regulatory compliance teams. Still perhaps cheaper than initial public offerings (IPOs) — but the gap is closing.
  • That business leaders began to recognize hype as being “hype”; to understand that the benefits from blockchain, while very real, have limits, some of which are linked to the “tolerance of change” within their own organizations; and to see that the implementation of blockchain technology, for example, for traceability, can be complex.
  • That blockchain developers also began to realize the importance of barriers to implementation created by the complexity of supply chains and organizational culture.
  • Continue Reading on Coin Telegraph

    Latest comments

    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2024 - Fusion Media Limited. All Rights Reserved.