Fred Wilson, an American venture capital investor, businessman, and blogger, the co-founder of Union Square Ventures, a New York-based venture capital firm with investments in Web 2.0 companies such as Etsy, Foursquare, Kickstarter, MongoDB, Tumblr, Twitter, and Zynga, in a recent blog post, published his ideas and concerns about cryptocurrency. As per the Jan. 1st 2019 blog post, Wilson suggested that, in view of the “weakening” economy, crypto will not be a safe haven in 2019.
Wilson in his post, titled “What is going to happen in 2019,” suggests that investors will be reluctant from investing into the startups owing to a range of events, which includes a bear market in stocks, a “weakening” economy, and some major issues with the global economy. He, who even though believes that the crypto will show signs of life in 2019, says that the cryptocurrency is far from being a safe haven in 2019.
Wilson, further states that stablecoins, along with non-fungible tokens, cryptogaming, and earn and spending opportunities will see significant progress and consumer adoption in 2019. Continuing, Wilson depicts his ideas and concerns regarding actions brought by misguided regulators who will take aim at high-quality projects and harm them. The market will continue to see all sorts of failures, from scams, hacks, failed projects, and losing investments be a drag on the sector.
According to Wilson, President Donald Trump will be impeached and removed from the White House by the end of 2019. Wilson makes these claims based on the report issued by Robert Mueller — the 6th Director of the Federal Bureau of Investigation (FBI). The report alleges illegal activities carried out by President Trump and his electoral campaign.