Is Cryptocurrency the Future? – eToro Certainly Thinks So 1851

is cryptocurrency the future

Bitcoin Makes 20% Gains in Just 7-Days

Is Bitcoin back? Just a month ago in mid-June, Bitcoin price analysts were bracing for a slump all the way back to $5,000. However, several regulatory green lights have since seen Bitcoin bounce all the way back to near $8.000.

Is Cryptocurrency the Future After All?

Over the course of the past 14-days, the mainstream media has shifted its focus from Bitcoin mining concerns. Instead, several positive cryptocurrency narratives have started to hit headlines.

Why Will the Next Bitcoin Bull Run be Different?

Due to the changing tide of opinion around Bitcoin, Matthew Greenspan of Cyprus based brokerage eToro has suggested that the world: “might be on the cusp of the largest bitcoin bull run in history.” Moreover, why this is the case is simple.

If the SEC approves ETF options, this will make it possible for institutional investors to invest directly in Bitcoin. (As opposed to investors having to buy coins through exchanges like Coinbase.)

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Which will be the Best Altcoins to Invest in Going Forward?

Is cryptocurrency the future? As far as Bitcoin is concerned, the immediate future looks bright. However, unlike with previous bull runs, many altcoins may not get the opportunity to ride on Bitcoin’s coattails.

market dominance

At present, top market cap coins like Ethereum and Litecoin are struggling to gain momentum as Bitcoin recovers. As for why this is, there are several reasons.

  • Institutional investors will be less likely to invest in unproven coin concepts and ICOs, as consumer investors have been.
  • In 2017, only 20% of ICO investments returned a profit to investors.
  • Coins like IOTA and EOS have fomented controversy recently. – Specifically, by failing to deliver on key technological promises despite considerable upfront investment.

Will the Altcoin Market Recover?

Without a doubt, several altcoins will eventually recover if and Bitcoin does breakout. However, when choosing altcoins to invest in, investors may now want to exercise more caution when structuring their portfolios.

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