Cryptocurrency Future - Institutionalized Investor - A big hope
We have seen ups and downs in 2018. From the very beginning of this year, Crypto faces negative price movement. In January to March, Lots of negative news, Fud impacted the price of cryptos. Such negative news hugely affected crypto price. That time some people believes that Crypto is going to stop. Some news are even more dangerous and untrue like:
South Korea is going to ban Cryptocurrency exchange or Cryptocurrency. Almost month long, South korean Crypto news dominated the news portal. At last powerful government high official clarifies the issue of Crypto banning. Finally we have come to know that South Koran government has no plan to ban cryptocurrency rather they will help to develop Blockchain technology. However, SK issued some warning about Cryptocurrency related crime which is fair enough
It was believed that RBI will ban Cryptocurrency or any other digital currency. It was rumored that RBI will introduce new form of fiat Digital currency. Still, There is no concrete information about Fiat digital Currency. It is true that RBI is not insterested about Bitcoin. Recent, unofficial Banking Regulations against cryptos are much to prove it that RBI is not interested about Bitcoin
Crypto hacking was another reason people are skeptic about mass adoption. Earlier this year, Number of Cryptocurrency exchanges were hacked. Japanese Coincheck to South Korean Bithumb, Crypto exchange hacking is going on.
Moreover, Central government does not like the idea of digital currency. They fear to lose control of their fiat dominancy.
There is a huge speculation or somewhat true that cryptos can be used for money laundering or to purchase illegal drugs or funding anti-social group
Apart form these negative news, Crypto market faces harsh criticism from well-known investors, Institutions, and large corporations. At the end of the day, What we see, Even the institutional investors looks positive about cryptocurrency. They are investing in ICO.
As they have a lot of money, They are participating private pre-sale. Telegram is the prime example of this news. You may see lot of crypto projects are funded by big institutionalized investors. It is rather good news for crypto market. I hope that more and more big investors will come to the party. I am expecting a bright future of Cryptocurrency and Blockchain technology.
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