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RE: Fidelity Investments entering cryptocurrency market in 2019
Yeah it's the only possible reason I see we MIGHT not get a bear market in 2019. However these institutions move slowly. If people think this will move the market up quickly, they might get disappointed, and the market moves ever lower.
Hi
I understand what your saying, that things may move slowly in 2019. Do you think large purchases by these companies could create FOMO leading to smaller buyers entering the market also?
At some point in time yes. We might even see a run up towards the end of Feb because some people expect the EFT to come through and think this will be the trigger for a bull run. But that's a BIG if. It might not get approved. Or the impact will be minimal in the beginning. This could crush expectations and push everything down even more. Of course there is also a chance that it could turn out well. I personally do not expect a big bullrun.