Top 5 Uncertainties In Cryptocurrency As 2019 Approaches

Fear, uncertainty, doubt rule the markets as crypto matures: what do we see as the five top unanswered questions as we approach 2019? There’s a ton of speculation going around the markets as we head into the new year. Many analysts including myself see a new round of bullish momentum starting around January 2019. Some analysts believe the bottom may end even earlier, while others see the bearish momentum to continue longer, bringing Bitcoin’s (BITCOMP) price down to as low as $1,500. There are definitely many uncertainties in the crypto market that keep the crowd guessing. Today we’re looking at the top five topics that are casting doubt over the cryptocurrency industry.

1- Bitcoin ETFs

One of the most exciting events crypto investors are looking forward to, is the approval of a Bitcoin ETF by the SEC. Many anticipated it as a major catalyst for the return of a bull market in case it happens in January 2019. But there is a good chance that we won’t see a Bitcoin fund anytime soon. Just last week, Jay Clayton, Chairman of the Securities and Exchange Commission, told the audience at CoinDesk’s Consensus event that crypto investors should “Get their act together,” because investors who trade ETFs expect that its underlying commodity “makes sense and is free from the risk of manipulation.” Jay rightfully believes that this is “an issue that needs to be addressed” before he feels comfortable approving a Bitcoin ETF.  These harsh remarks have made many market participants doubt we’ll see an approval of a Bitcoin fund any time soon.

2- SEC investigations of ICOs 

Talking about the SEC, the second unanswered question in the crypto world revolves around SEC investigations of ICOs. While the industry as a whole can benefit from more ICO regulations, we still don’t know what the SEC has up its sleeves next. Which ICOs are they going after? How many? How soon?

3- Security Token Offerings

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Disclaimer: Don’t forget to complete your risk management due-diligence before developing your investment strategy.

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Dan Jackson 11 months ago Member's comment

The biggest question is will there ever be a bitcoin ETF!