PwC: 2019 WILL BE A POSITIVE YEAR FOR CRYPTOCURRENCIES
PwS leading employee Henry Arslanyan said that in 2019, the cryptocurrency market is expected to be dominated by positive trends. Among them is the increase in the number of major players and the improvement of legislation in different countries, which will have a positive impact on the inflow of institutional investors.
According to him, in 2018, a lot of “big players entered”the cryptocurrency market: “I expect that in 2019 there will be even more of them in the crypto industry. Some will launch their own technological products, others will have a desire to become partners of blockchain projects, and others will invest in startups.”
Arslanyan noted the importance of the inflow of institutional investors, as their expertise and experience can provide the necessary impetus for the growth of the entire market. At the same time, the main obstacle to the “whales”, in the opinion of PwC specialists, was the uncertainty of the legislation in many countries, not the “bear” market.
Arslanyan says, “I think that a lot is changing at the global level. For example, in 2018, a number of countries clarified many issues in the sphere of regulation of the industry… I expect that this trend will continue in 2019 and it will create a more favorable atmosphere for investors and players.”