What is the difference between two years?
In 2017, US banking giant JP Morgan released the sector as innocent of fraud. Last month it announced it was launching its own "digital token."
The news sent more than a shiver of anticipation across the fintech sector and after the announcement - aptly or not, made on Valentine’s Day - the prices of core cryptocurrencies rose. Bitcoin, the original and the largest crypto, is still the bellwether on the market, climbing more than 10% in less than a week.
Of course, Bitcoin has fallen again. And, while it is clear that this Wall Street titanium is not about launching its own “cryptocurrency” - it is actually a blockchain-based payment network that is private, controlled and heavily owned, so everything a "true" cryptocurrency is not - JP Morgan's involvement, in any pretense, in this ongoing development, is still not ignored.
Thus the most expected major institutional linkage has finally come to the digital asset sector
Oskar Fletcher, an investment partner of London-based company All Blue Capital, thinks it has, no matter what JP Morgan may or may not be planning.
All Blue Capital manages a portfolio of funds and companies with over $ 15 billion in combined annual revenue and describes itself as a leading global and leading Blockchain investment company and one of the largest owners of cryptocurrency institutions.
As a result, Fletcher maintains an experienced eye on the institutional market and says the key factors preventing traditional financial heavyweights from entering the sector are, for the most part, fixed.
“The sector experienced extreme volatility in 2018,” Fletcher told the Asia Times, “because the industry is filled with mismanagement of critical infrastructure implementations… ultimately, merged and prohibited institutional participation . ”
However, Crucial Fletcher said key issues - regulation, insured and secure storage, and price volatility - would solve and increase institutions and also mentioned how the tech backbone of the sector, the broader industry blockchain, will make real progress in terms of innovation in 2018.
Fletcher noted that institutions such as IBM, American Express and even NASA have begun implementing the blockchain in their operations as a clear signal to the market that tech is now ready for mass adoption.
The combination of these factors now allows institutional market entry and, says Fletcher, will bring "large-scale buyers and the deep balance of the balances that go with it." And this, he says, is a major price driver for the market.
"We think that this more infrastructure develops then so the value of one of the major assets, Bitcoin, will inevitably grow."
This is a view supported by Arthur Breitman, co-founder of the Tezos blockchain network.
Bitcoin, says Breitman, has the value of being "first." This, he says, gives it a strong brand recognition and, nevertheless, provides stability. “When people think of this space, most people still think of Bitcoin. This is the default. And it does it most strictly. “
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