2019 is being believed to be THE YEAR for cryptocurrency. Multiple predictions and trends have indicated towards a great market opportunity. There are a number of websites available at the click of your button to help you get started with trading cryptocurrencies in Australia.
If you seek to invest in cryptocurrency actively and are still caught in a dilemma, this article will help you clear your mind.
Natural marketing cycles
There are multiple other reasons to be optimistic about cryptocurrencies in the coming years while we see a steep decline in their prices.
The market keeps moving through the bull/bear cycles and it is the emotions of the crowd catalyzing the movement. Keeping this in mind, cryptocurrency seems likely to witness another bull run solely based on emotions. The technological advancements are also influencing this movement.
Bitcoin halvening
The next Bitcoin halvening is planned to occur in the mid of the year 2020. Therefore, the mining rewards will be cut to half. It is important to know this because the previous 2 halvenings had resulted in new all-time highs.
Predictions also say that the scheduling of Bitcoin halvening can result in artificial inflation in as early as the year 2019. This can be an excellent opportunity for investors.
Positive Institutional Responses
With a rather dark reputation it has formed among a certain section of the society and the questions being raised about its security, it can be a tough decision to rely upon cryptocurrency.
However, the recent technologies introduced and steps taken to ensure safety and increase its reliability can be seen as the right steps towards the right direction. Government agencies from across the globe have begun to respond positively and contribute to the cryptocurrency revolution.
Cryptocurrency developments
Cryptocurrency is evolving with each year. In fact, some of the major updates are planned to be executed in the year 2019. The developers have been working hard on some impressive projects which can be seen through the latest technological advancements.
For instance, the full implementation of the lightning network is planned to be released in 2019. Some major changes are scheduled to be taken place in Ethereum to improve its scalability.
Blockchain job market
Right behind the continuing rumors, falling prices and FUD, the blockchain market is witnessing an all-time high in the developmental manpower.
Big and influential companies like IBM, Oracle, and J.P. Morgan are hiring the most blockchain developers. These developments will consequently lead to improvements in the blockchain technology, further resulting in the increasing institutional demand for cryptocurrency.
