Bitcoin isn’t lifeless, administration consultancy AT Kearney has concluded in its 2019 predictions – the most recent supply to defy claims it’s trending to zero.
Cryptocurrencies Are ‘Post-Crash’
As a part of its annual collection of ten forecasts for the approaching yr, considerably much less ‘outrageous’ than the same custom at Saxo Bank, the corporate declared Bitcoin and altcoins to be “post-crash.”
After celebrating its tenth birthday with practically 80 % losses in opposition to all-time highs in December 2017, BTC is ready to start out its “second decade in a state of post-crash consolidation and maturation.”
“Bitcoin will lead the consolidation and maturation of the cryptocurrency market,” the predictions summarize.
The tone is upbeat and contrasts with the most recent warnings from analysts that the Bitcoin worth zerozero has not but completed falling.
2019 All About Bitcoin?
Current lows for 2018 reversed at $3130 to see BTC worth make putting positive factors over the previous week, reaching $4230 earlier than a correction acquired underway.
A extra risky image has characterised altcoin markets, with property resembling Ether (ETH) and Bitcoin Cash (BCH) seeing a lot higher fluctuations. For AT Kearney, nonetheless, 2019 will probably be one for Bitcoin.
“By the end of 2019, Bitcoin will reclaim nearly two-thirds of the crypto market capitalization as altcoins lose their luster because of growing risk aversion among cryptocurrency investors,” it continued.
Conditions might already be lining as much as make the latter prediction come true.