Fundstrat Releases 2019 Crypto Outlook That Depicts 9 Incremental Improvements Supporting Higher Crypto Prices

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Fundstrat-Releases-2019_Crypto-Outlook-That-Depicts-9-Incremental-Improvements-Supporting-Higher-Crypto-Prices Fundstrat Releases 2019 Crypto Outlook That Depicts 9 Incremental Improvements Supporting Higher Crypto PricesFundstrat Global Advisors, a New York-based research firm, has issued its 2019 Crypto outlook last week. The researchers have depicted incremental improvements that will allegedly support higher costs for Cryptocurrencies. Co-founder of Fundstrat and Pro-crypto Wall Street analyst, Tom Lee mentioned on the study in his twitter post that they see 9 incremental improvements in the landscape that eventually support higher prices. He posted an introduction to the study and infographics that outline key market tendencies from 2017 to the present.

In the 2019 Crypto outlook, the preview of the introduction gives a brief evaluation of 2018 that according to Fundstrat, has brought a lot of disappointment. The analysts noted that negative headwinds like the initial coin offering (ICO) post-hangover, unfavorable regulatory developments, and extreme exuberance have reversed some of the crypto’s achievements, comprising the introduction of the Lightning Network and wallet growth. Accordingly, the year was more like a morning after sobering, the report added. However, the situation will gradually start to change this year. The New York-based research firm considered that it is still too early to talk about mass adoption, but also cited that Cryptocurrencies prices will likely see a visible recovery. At a macro level, the expected weakening of the U.S. dollar named, by the report, as the first reason behind Bitcoin price recovery. The analysts also deemed that rising market equities will outperform U.S. stocks and bonds that creating a friendly environment for crypto. In addition, the outlook noted much expected institutional investments will also raise this year, due to the developments in custody solutions and over-the-counter (OTC) trading, contributing to the crypto price recovery.

Furthermore, Fundstrat stated that the overall interest in crypto might be accelerated by Binance’s recent decision to support credit card crypto purchases, along with the rumors that key players like Bitfury and Bitmain might consider conducting initial public offerings (IPO).