While cryptocurrencies have fallen from the end of 2017 by more than 50 percent this year, market analysts are positive about the asset class in 2018 and a steady increase in volume and decrease in its market volatility.
“Irrational” Market Last Year
Analysts believe that this could happen due to more interest by governments in regulating cryptocurrencies, which could draw more institutional investors in a market currently dominated by retail investors.
According to , the market capitalization of cryptocurrencies reached a low of $261.6 billion in the first week of April 2018, showing a decrease of about 57 percent since the beginning of the year.
A cryptocurrency fund manager from , Adrian Lai, believes that last year’s crypto market was somewhat “irrational” due to a lack of regulatory mechanism and institutional investment.
“Regulators are not banning the development of cryptocurrencies, but are trying to better regulate the market, which should help the industry mature,” Lai.
Meanwhile, chairman of the US Securities and Exchange Commission (), Jay Clayton, said on April 5, 2018, that the crackdown by new regulatory bodies aims at cleaning out fraud in the industry to protect retail investors.
Clayton added that Distributed ledger technology has “incredible promise for the financial industry.”
Increasing Regulations a Positive Sign
South Korea, a country which has rather been reluctant towards the cryptocurrency market for some time, has also softened its stance recently. The Finance Minister of South Korea has hinted that the government will support “normal” crypto trading.
2017 also saw Japanese authorities recognize as legal tender, and also made it official that cryptocurrency exchanges must register with the government to be operational.
Further, Lai added that he had observed increased interest from institutions such as private banks and asset managers in cryptocurrency investment.
“If the regulatory stance gets clearer, large funds will be more assured and willing to commit significant capital.”
Surveys and Criticisms
A conducted by Huobi, a China-based digital currency exchange, concluded that 78 percent of respondents hold the opinion that the market value of cryptocurrencies will shoot up in the coming three months. In the long run, the respondents seem rather bullish on the market growth.
In a different survey by Hong Kong company Finder, officials from 13 global fintech firms showed optimism in the future growth of cryptocurrencies.
However, not everybody believes that cryptocurrencies will fare well this year.
A global economist for , Vicky Redwood, holds the opinion that the would fall further this year. Redwood explained that “it is simply not a credible long-run alternative to conventional currencies.”
The post appeared first on .
DALLAS, TX – Richard Jacobs (organizer of the bitcoin, Ethereum, and Blockchain Super Conference, which took place in Dallas in February) is hosting a new conference in September. He’s bringing together more than a hundred respected players from blockchain, artificial intelligence, 3D printing, virtual reality, and other future tech spaces – so they can show you how “smart money” is already buying its way into the future tech gold rush, and how smaller private investors can get in early too.
Confirmed keynote speakers include:
Tim Draper, the billionaire venture capitalist and bitcoin “hodler” – amongst other things, he’s going to reveal why he has NOT sold his bitcoin position, and is, in fact, still building it up.
Randi Zuckerberg, CEO of Zuckerberg Media – before the word “social media” barely existed, she played an important role in transforming Facebook from a startup into one of the world’s most valuable companies; at the Future Tech Expo, she’s going to talk about how she’s now inspiring the next generation of kids to embrace the technologies of the future.
Lyn Ulbricht – her son Ross Ulbricht was the creator of the Silk Road online market place; he is now serving a double life sentence plus 40 years on top, with no prospect of parole, in a maximum-security prison; Lyn now leads the campaign to not only free him, but also change the law so that future tech entrepreneurs are protected from politically-motivated charges.
And several others that are
The Future Tech Expo 2018 takes place on September 14-16, in Dallas, TX.
Registration is now open – and although the regular ticket price is $897, attendees who have reserved their spot before March 30 get a special “April Early Bird” price of $597 plus a complimentary conference T-shirt and CD compilation of the most insightful Future Tech Podcast episodes.
Those who are interested in attending are encouraged to join the free notification list:
“April Early Bird” tickets can be purchased here:
Press Contact
Richard Jacobs
organizer@bftexpo.com
(888) 448-4590
About the Future Tech Expo
The “blockchain revolution” is no longer just about blockchain anymore. In 2018-19 and beyond, blockchain tech is converging with quantum computing, artificial intelligence, cybersecurity, and other emerging technologies – and driving what economists call the “Fourth Industrial Revolution.”
The Future Tech Expo is the only conference that gives attendees the full picture on how “smart money” is betting on the fourth industrial revolution. That’s because it is bringing together more than 100 of the most respected developers, entrepreneurs, venture capitalists, and “smart money” investors from all the most important emerging technology fields – not just blockchain tech.
This three-day conference will be held at the Dallas Convention Center, close to Dallas/Fort Worth International Airport, in September. We are expecting more than 2,000 attendees, 100 headline speakers, and 150 exhibitors – with talks from founders, developers, and early-stage investors in blockchain, quantum computing, artificial intelligence, virtual and augmented reality, cybersecurity, and other emerging technologies that are set to disrupt almost every sector of the global economy.
More information is available at:
This is a paid press release. BTCManager does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. BTCManager is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
The post appeared first on .
