Even if it may sound in view of the partly dramatic price losses with the Bitcoin and other Coins not necessarily for each layman comprehensible: The enterprise GP Bullhound specialized in Investments expects GP in a new report a baldigen trend upward for crypto currencies.
Company expects drought to end
In his by no means unknown report entitled “Technology Predictions 2019” GP Bullhound is currently publishing a new trend report. According to the publisher, the evaluation was based on technological trends over several years. These data were now used for forecasting the next five years. The analysts’ assessment for 2019 is quite clear.
Blockchain significance for banks as a reason for new high-altitude flights
Despite the price slumps and various scandals within the industry about malware in mining or ICOs, the coming year will again be a better one for the crypto industry. Or as the authors of the report freely translate it into German: “The best is yet to come. One reason for the optimism, apart from the progressing regulation in several countries, is the increasing interest of many banks and financial service providers and other industries in the blockchain. Also many companies invest increasingly in crypto currencies like Ripple and Ethereum.
Crypto currencies are increasingly the basis for new financial products
In addition, it is also the development of new financial products that should pave the way for price increases in the coming months and years. As an example, the authors cite the ETFs generated on the Bitcoin. Suppliers are also currently developing comparable product ideas for other digital currencies. The fact that the age of digital banking is gradually dawning and that crypto currencies will also play a role in this will be the cornerstone of the coming successes. Payment by mobile device could not only become more secure, but also faster and more transparent through the blockchain.