2018-10-25 17:58 |
Stock Prices Are Plummeting: Can Bitcoin Exchange Traded Fund Actually Capitalize This Year?
Many financial analysts have already sounded the horns for a looming recession. In fact, JPMorgan analysts have predicted a 60% chance of a recession by 2020 which increases to 80% by 2021. This can be a blessing in disguise for Bitcoin and the crypto ecosystem as a whole.
As more investors see the writing on the wall that is an overextended U.S. stock market, the dampening volatility of cryptocurrency is looking more and more like an advantageous investment. At the very least, cryptocurrency provides a global avenue for investment that could provide investor’s refuge as the traditional market ramps up in volatility and instability.
As an increasing amount of investors see that the US stock market is overextended, the dampening volatility of cryptocurrency is looking more and more lucrative form of investment. Cryptos also gives a platform to a global avenue for investment that could give investor’s shelter when the traditional market faces heightened volatility and instability.
The rise in popularity of stablecoins is an indicator that investors are finding a path to bridge the gaps. Rather than striving to sell investors on the innovation of a coin or the price risk for a technology that has yet to develop past origin, stablecoins present a pegged value for investors that offers some level of security relative to the general crypto market. While stablecoins lack the total decentralization of a traditional cryptocurrency, they provide an open pathway for use in day to day commerce. The average adopter is at ease using the coins for actual transactions without the doubt of the price fluctuating fiercely over the course of a week or month.
The hope of a Bitcoin Exchange-Traded Fund can present an incentive for the crypto markets, especially with a looming U.S. recession. While the U.S. SEC has to settle a ruling on Bitcoin ETFs, many within the industry maintain it is only a matter of time until investors are able to trade using the product.
It is yet to be seen how Wall Street and other institutional investors capitalize on the opportunity of investing in cryptocurrency through a more regulated portal, as opposed to the mostly lawless landscape of the current crypto marketplace. Seeing the current scenario of the state of the crypto ecosystem and the traditional stock market, we can be assured that things are going to be exciting for crypto enthusiasts in the coming months.
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