In the past years, cryptocurrency had its fair share of highs and lows. Despite the volatility, there are still many believers that this non-fiat currency will be the future, especially bitcoin. This 2019, it is expected to be bigger. Watch out for some cryptocurrency trends, including those that are briefly mentioned below.
The Rise of Cryptocurrency ATM
The next time you type “bitcoin ATM near me” in your preferred search engine, it is no longer surprising that you will actually find one that you can easily access. While there is still a long way to go, it is obvious that the number of cryptocurrency ATMs is growing. Aside from the increase in demand, this can also be attributed to the fact that it is a cost-effective and space-efficient business idea. It can provide generous supplemental income to an existing business where the ATM can be installed, such as a restaurant or a gas station.
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Presence of New Privacy Protocols
It is expected that 2019 will be the most private year for the cryptocurrency market. In the past years, blockchain surveillance has been one of the factors that caused many people to be hesitant, worrying that anonymity will no longer be how it used to be. There are now privacy protocols that will bring back the trust of people on crypto, especially when it comes to facilitating anonymous transactions. Privacy technologies are on the rise.
Entry of More Institutional Investors
By now, you should already know that bitcoin is not a myth. If you are still an unbeliever, it is time to do more research and see what others have to say. One thing that can change your mind is the fact that even institutional investors are joining the bandwagon. This year, it is expected that there will be more of them joining the crypto craze. In one report from Bloomberg, it has been reiterated that hedge funds and other institutional investors have purchased more than $100,000 worth of cryptocurrency through private transactions. There is no sign of slowing down this 2019.
Increased Demand for Security Tokens
Security tokens have not gained much traction in the past because of the lack of regulatory frameworks. It is expected that 2019 is finally going to be the year when the demand will increase, and the regulations will be clearer. These tokens are backed by dividends from companies, which is why they are favored by many crypto investors. In the past years, we have seen the popularity of Initial Coin Offerings or ICOs. If experts are to be believed, however, ICOs are dead. The focus will shift to security tokens and it will take off once a better regulatory framework is in place.
As shown from the 2019 trends noted above, cryptocurrency is here to stay. It might have suffered from serious blows in the past, but there is no denying that the future looks bright.
