Opinions can be divided about 2018. From an investor’s point of view, at least, it was not a good year: Bitcoin’s share price fell by more than 80 percent since its all-time high in December 2017, the bursting of the ICO bubble and repressive action by stock market regulators against token sales. On the flip side of the coin, the past year, however, held some delicacies in store. Fidelity, one of the largest investment companies on the planet, announced its intention to immerse itself in the world of crypto currencies. Furthermore, the accreditation of the first Bitcoin ETP in Switzerland is a sign of progressive acceptance.
2019 is preparing to build on this development. Beyond all course prognoses here are the five large chances for crypto in 2019.
Bitcoin ETF and the news spy
In 2017 it was the news spy, in 2018 it wasn’t, but in 2019 the first accredited Bitcoin ETF, the VanEck SolidX Bitcoin ETF, could finally be launched. Once again, the deadline for the news spy decision by the US Securities and Exchange Commission (SEC) cannot be postponed. At the end of February it will be time to keep your fingers crossed for SEC approval. If the stock exchange supervisory authority approves the financial product, it would be a bang. Because then, according to the narrative, Bitcoin gains the legitimacy of a secure and regulated financial product.
This would then call on institutional investors whose capital is just waiting to send the Bitcoin share price on its lunar journey. At least the Galaxy Capital CEO Mike Novogratz claims and coined the term pair “institutional FOMO” in this context.
The chances for a permission on the part of the SEC are not bad. After all, there are already regulated Bitcoin derivatives such as the Bitcoin futures contracts on the Chicago options exchange CBOE – and these work perfectly.
Bitcoin lighting network
The inclined Bitcoin maximist likes to project his hopes for a penetration of the crypto currency no. 1 onto the development of the Lightning Network. All attacks on the supposedly inadequate usability of BTC in daily use are casually parried with reference to the second-layer solution.
For some this is the obvious solution of the scaling debate, for others the development is a waste of time, one should rather concentrate on updates of the blockchain. The camps are inseparably split. This trench warfare can be illustrated by the rejection of a donation from Roger Ver by the Lightning development team OpenNode. The US company rejected a US$1.25 million donation. They wanted to improve BTC and not BCH.
Meanwhile, Lightning’s capacity is growing briskly. It was not until December 2018 that the network passed the historic 500 BTC mark.
The Lightning Network just hit 500 BTC in network capacity. The network keeps growing at a staggering pace
Start running your own node and open channels while on chain fees are low before the next bull market.
Enjoy private bitcoin transactions settled instantly ⚡️
The growth in network capacity is steady to exponential, as illustrated in the graph below:
But you have to be realistic at this point. Although Lightning will grow in 2019, we won’t see a mass adaptation this year.