Topic: Crypto Markets Scream Positivity (Read 105 times)

The Future Is Bright for Crypto

It has not been the best start to the year for crypto enthusiasts. All the news in Q1 seemed to be dominated by FUD as financial authorities slated crypto, high profile hacks seemed to doom the industry to a future of harsh regulation, and investors felt the effects of the bear market, but this is only half the story. If you’ve been looking in the right places, there are plenty of reasons to be optimistic about crypto.

A possible Bull Market
Bitcoin is currently holding steady at around $8000, and if you look at the markets, most coins are awash with a healthy green hue. Some speculators are predicting that we will be heading into a bull market soon and with the positive sentiment regarding cryptocurrency in the media recently they might not be right. The last bull market ended in January and was always bound to bring some negativity, but it looks like we’re finally coming out of that slump.

You can find a few tips on how to prepare for a possible bull market here.

Regulations
The community is right to be suspicious of calls to regulate the space because there is always the danger that regulation could stifle innovation — especially if regulations are introduced to preserve the power of central authorities, but in many regions, this doesn’t seem to be the case at all. In Japan, the FSA has introduced regulations to ensure that exchanges are taking precautions to protect their customers. A lack of regulation means a lack of legal protection too. This would be a difficult obstacle on the road to widespread adoption of crypto so a safety net may be just what we need to encourage more people to join the community.

Swiss authorities aren’t sitting on their hands either, FINMA has introduced ICO guidelines that attempt to demystify the nature of tokens, and this could provide the groundwork for more balanced approaches toward regulation. Given the hostility shown towards crypto by the US’ SEC (Securities and Exchange Commission) and the Bank of England any attempt to understand the technology before deciding which rules govern it has to be welcomed. Europe seems to be gearing up to become the heart of the crypto world, with several nations already famous for their support of Fintech, and a largely pragmatic approach towards legislation. The EU commission has also announced a blockchain partnership involving 22 nations. The partnership may make it easier to implement regulations that work across borders making it easier for a token economy to thrive in the region.

Experts praising Blockchain technology
Recently, Christine Lagarde praised bitcoin and even crypto-critics like BoE chairman Mark Carney have been unable to dismiss the potential of the technology. There has also been news that wealthy families like Soros, Rockerfella, and Rothschild are moving into the space too. Some have suggested that these and similar stories are partially responsible for Bitcoin’s recent upswing. It may be difficult to prove what effect these developments have on the crypto sphere, but so much positivity can’t be a bad thing.

Projects
The sheer amount of projects looking into the implications of DLT should be enough to make any crypto enthusiast excited. More projects seem to emerge every day and, though they can’t all be successful, the hype is incredible. You’d be hard-pressed to find an industry in which entrepreneurs and developers are ignoring the technology. P2P transactions, car insurance, data protection, social media. CocaCola is even involved in a blockchain project aiming to end modern-day slavery. I could go on, but you get the point. It only takes one good idea to bring the technology into the mainstream and when it does the crypto space is going to explode.

Originally published at cryptodisrupt.com