2018 Was the Reality Check. 2019 Starts the Crypto Comeback

If 2017 was the year of irrational exuberance, 2018 became the year of reality checks when the market sputtered and crashed. I predict that this year will see a return back to first principles as we rethink many of our assumptions about how this is all supposed to go down. The truth is, we just don’t know yet. I also believe that 2019 will see the return of bitcoin dominance, although it may take a major world market downturn to spur it on.

As the global markets deflate, that will also bring down the price of bitcoin and keep them low because the deflation will cause investors to move out of perceived risky investments into more stable investments, and bitcoin is currently still considered a very risky investment. But when governments begin to do helicopter drops of freshly printed money to try to recover their failing economies, that’s when bitcoin will begin to be seen as something more akin to gold.

Pep PhaxayComment