CEO Andy Bromberg of digital asset companies platform CoinList is predicting a constructive but quiet 2019 for cryptocurrencies.
Reflecting on what has been and what he feels is coming, Bromberg suggests that construction will become a central focus of many companies over the year. Although he suggests that 2019 is “going to be quiet for a little bit” after a bearish 2018, the intent will be on creation rather than trade.
With Bitcoin (BTC) down by 74% and both Ethereum (ETH) and Ripple (XRP) falling by 84%, most traders and investors would like to forget 2018 and look forward to a more promising 2019. Bromberg takes a philosophical view of recent events arguing:
“[In 2019] it feels like people are focused on building… I think the market is going to be quiet for a little bit, while people focus on actually creating things. It feels like a little bit of a Mesopotamia, ‘cradle of civilization’ moment, where everyone has the ingredients they need, needs to focus in and start to build out those empires, and create what the future is going to look like, and that’s what this year is going to be about.”
He recently echoed these sentiments to the Wall Street Journal, suggesting that crypto products really need to be turned into usable commodities and for most that would be the challenge for the future, to exploit the technology and make it practical and useful. He also said that one positive development has been that there was now significantly less hype surrounding the cryptocurrency space after some of the well-publicized ICO failures of 2018.
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