Almost all crypto-investors have been on the same boat of fluctuations and clearly feel losses during the last few months; however, some of them are hopeful that these falling trend will be transitional and fade away sooner or later.
Novogratz is one of those who own a crypto-business and has experienced all the damages resulted from an unpredictable market, though he is not as disappointed as other specialists in this field. He certainly believes that this situation can be controlled and it leads to the dramatic growth in crypto-market.
In a recent conference call, he confirmed his belief in case of total change of cryptocurrency value in the months to come despite all disinterests in investment and joining this system.
Among his measures is leveraging to sustain his former position in some crypto-companies to assure others about its future success and giving some comments to apply cryptocurrencies in the gaming industry.
He points to the United States Securities and Exchange Commission (SEC)’s decision to reject Bitcoin which causes uncertainty for the businessmen to continue and predicts a more reconciliation between cryptocurrency and SEC in the coming year.
An overall glance at the whole occurrence will give a periodic change in value especially in the case of cryptocurrency. As those with records of working with cryptocurrency have evidenced, it is again changing into blooming phase in the near future.
The current belief which is nowadays becoming popular among people can be considered just as a disguise to conceal its great potential to boost again.
On the other hand, the role of opponent organizations and institutions cannot be neglected, since they always try to make suspicion about crypto validity and capability to remain powerful in the transaction market because low fees in e-market may be a good motivator for people to be drawn more to invest in the coming years and it is against their profits.
Last but not the least is that group 20 meeting held in Buenos Aires, Argentina, has stated that regulation and legal procedure including taxation is assumed necessary for working with cryptocurrency and the members claim there will be good results in 2020 too. Although there are some who oppose this idea, there seems that the presence of some supervision on the part of the government or responsible organizations can be helpful to some extent.
Thursday, December 6, 2018 7:35:00 AM