Why cryptocurrency markets will unfold in the next year? Expert opinion
Source:
In an interview with the Financial Times, former Goldman Sachs partner and founder of Galaxy Digital predicted the trend reversal cryptanalytic market in the next year. According to him, to build a business in a bear market is almost impossible. Obviously, this year has been very difficult for his company, which he hopes to bring the level of Goldman Sachs Cryptoprotected.
Already in the first quarter of next year Mike predicts the transition financial institutions from investing in cryptophony to invest directly in cryptocurrencies. The FT article also quoted the founder of the consulting firm Post Oak Labs Tim Swanson, who accused the Novogratz «attempts to predict the industry, which is not able to influence».
According to Cointelegraph previously Swanson was skeptical about the company's mission Galaxy Digital, which «plans to do what many companies did unsuccessfully four years ago». In addition, the materials quoted anonymous founder of blockchain, the company that is the largest problem of the crypts lies in the lack of reliable trading banking. Perhaps Galaxy Digital will benefit from the newly established markets.
According to Novogratz, easy to treat everything with skepticism, but something is still going on and soon we will see cryptocurrency projects from large traditional financial players. Apparently, he was referring to the upcoming , which we are promised by the parent company in new York .
In addition, it is worth noting the imminent entry into the market of project on digital asset management for institutional investors .
Today the market is still not in the best condition. Niche capitalization is 124 billion dollars, the domination of Bitcoin is equivalent to 53.1 percent. More data to search for .
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