Just like any other significant financial market in this globe, the crypto industry has a lot of predictions and prophets of all colours. The year 2018 started with Bitcoin (BTC) trading around $15,000 which made several investors optimistic about the future of cryptocurrencies. Various forewarnings related to BTC didn’t come to pass by the end of 2018, although the majority successfully proved somewhat naturalistic. Let’s take a drive to some of them.Predictions Which Went Wrong Mike Novogratz: Institutions to Dive Into Cryptocurrency
The former Goldman Sachs partner & founder of Galaxy Digital, Mike Novogratz, was somewhat correct in the predictions he made this year. In mid-December, 2018, following the heavy market plunge called ‘crypto winter,’ he revealed that the price of BTC wouldn’t dive more, remaining around $3,000 and $6,000, which is 100% correct.
However, his positivity about institutional actors penetrating the cryptoasset sector was apparently untimely. “I think the first quarter or the second quarter of 2019 if the institutions begin coming in, we will put in new highs,” Novogratz revealed in October. According to a recent report by coinidol, the dream of the Wall Street about cryptoasset is currently oblivion, since the value of cryptos has declined. The insiders told coinidol that the financial bulls like Goldman Sachs, Citigroup and Morgan Stanley retreated their plans until the demand is high again.George Friedman: DLT will Become Disused
In June 2018, the geopolitical analyst at Geopolitical Futures, an online publication, George Friedman, revealed in an interview that distributed ledger technology (DLT) would one day at one time become disused and obsolete, noting that the nascent technology is just another craze.
Although George ...