This is a well researched piece by Crypto Investor. He brings up three possible catalysts for the bitcoin (and cryptos) to “pop” in value:
1) The possibility of Bitfinex and Tether being a fraud. I’ve discussed this some in a previous video, but am going into more detail on Bitfinex here.
2) A crackdown on ICOs that leads to a slowdown in funding, leading to Ethereum and other ICO-centric platforms going for a dive and taking the other cryptocurrencies with them. We look at the stances of governments on ICOs worldwide and attempt to find the direction we are headed in.
3) The shutdown of fiat gateways, locking crypto off from the real world on an international basis. While there is obvious fear related to this right now due to China, I discuss why perhaps this is not as likely as bears think. Still, we discuss how you can keep up with this and what’s important.
[Over the long term, I see the direction as up; however, as pointed out, there are elements out there that can cause a hard market drop (such as the 20-30% pullback in September 2017 when China openly declared that they will no longer allow ICOs (Initial Coin Offerings) to take place within Chinese borders.]
**Disclaimer: As always, the information I share is not investment advice and is for informational purposes only. Before making any investment decisions involving money, always do your research and use your best judgement before you commit. Any decision you make is all on you.**
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