From the dramatic price plunge of Bitcoin $BTC▲0.39% and other digital assets to the regulatory crackdown on initial coin offerings (ICOs) and the continued trail of crypto-exchange hacks, the cryptocurrency industry put behind a very turbulent year.
But does it mean that Bitcoin is ready for a period of calm and recovery, or is it headed for rougher times? We asked cryptocurrency experts on what they think Bitcoin’s highlights will be in 2019. As it happens, like many other things in crypto-land, predictions are very difficult, and there’s little agreement on what Bitcoin will look like in the year ahead.
Forking will continue as the market matures
Bitcoin will likely stabilize throughout 2019. People will still view Bitcoin as store of value. As more people will try to do blockchain-based applications, the infighting and forking with Bitcoin Cash will hinder things until one basically emerges above the other.
We need to see faith come back in the market and people need to start believing in the technology. Only then will the currency that backs up this technology be adopted by the mass. Once that happens there will be an insurgence. It’s our responsibility to step forward and ensure we are at the forefront of innovation, breaking barriers with our technology and our services within the industry.