If you have been using cryptocurrencies so long, you are probably aware of the present challenges of this virtual currency.
The high volatility is one problem that most cryptocurrency users are facing. Albeit companies are doing blockchain press releases to assure crypto users that the digital economy is far from collapsing, however, there is no guarantee that cryptocurrencies will stay secure in the years to come.
The unpredictability of cryptocurrency and the virtual economy is some of the reasons why you must keep yourself updated with the latest trends in this industry. Being in the know about the digital economy is your cushion to prevent a horrendous fall. There are reliable sources on the web like Entrepreneurship in a Box that will guide you in your journey towards success in the digital economy.
The Entrepreneurship in a Box is an informative website that guides beginners and pros in cryptocurrency. This source offers tips on how to tackle the challenges of virtual currency. Furthermore, it provides the latest news and trends in the digital market.
The future of cryptocurrency is unpredictable. Experts say changes are about to come in this industry this 2019. Here are the top cryptocurrency predictions that you have to watch out.
#1 Augmenting Blockchain Implementation
It appears that some small businesses still do not implement blockchain technology. However, with the buzz of blockchain in cryptocurrency and digital market, no doubt, this technology will significantly rise in 2019.
According to a report, the PricewaterhouseCoopers (PwC) will double its budget for blockchain spending. The survey also says that customers spend big money on blockchain initiatives because of the function and security this technology offers.
Another company that will continue to use blockchain and cryptocurrency is InvestingHaven. The company is expecting the sudden growth of opportunities for crypto investors due to the rise of blockchain technology.
#2 The Fall of Bitcoin?
Bitcoin is the most popular cryptocurrency in the globe. However, in the past years, several cryptocurrencies started to appear in the digital market. Examples of booming cryptocurrencies in the market are Ethereum, Stellar Lumens, and Ripple.
Bitcoin has been the leading cryptocurrency indicator since 2008. Unfortunately, the Bitcoin return rate is gradually slowing down according to surveys. It is expected that Bitcoin won’t likely to deliver the 10-fold return it does in the past seven years.
The Bitcoin forecast remains unsteady. Thus, make sure to get updates about Bitcoin to avoid a painful crash.
#3 The Beginning of Institutional Money
The Fortune revealed that Bakkt, a cryptocurrency investment platform for institutional money will enter the market after the SEC approval. This change is the start of cryptocurrencies appearing on The Nasdaq in 2019. Moreover, another effect of this development is the changing of cryptocurrencies interest from retail to institutional.
This altering change is a challenge for the crypto industry and investors. It can build new opportunities and at the same time issues.
However, this future remains unseen and who knows, maybe unexpected situations may occur in 2019 that will change everything for this industry.
Would you like to learn more about the crypto market with latest updates? For more info on this industry, check it out here at Entrepreneurship in a Box.