The influential investment Bank Saxo has released a 35-page indicative forecast for the second quarter of 2018. In it, the cryptanalyst Jacob Ponce (Jacob Pouncey) noted the risks faced by companies in the first quarter of this year with respect to digital assets. Given several factors, he believes that the next three months could be a breakthrough for digital assets that could trigger a bullish market.
In its forecast, Poncy notes that " cryptocurrencies have returned to earth in the first months of this year, after a sharp increase at the end of 2017. The situation remains fragile, given the prospects for increased regulation and bans on social media advertising. However, we cannot exclude the possibility of their return."
Poncy also notes that"there were several large acquisitions of crypto-exchange by financial companies, such as Goldman Sachs, which is an investor in Circle, which bought the Poloniex exchange, as well as the Monex Group, which bought Coincheck and Yahoo Japan." In addition, cryptocurrencies such as Coinbase have been able to hire talented professionals from Silicon valley, and they are in key leadership positions.
Poncy concludes: "several events can serve as springboards for the crypto-currency 'bullish' market in the second quarter through fundamental driving forces [...]..]. In my opinion, we will eventually see the end of the cryptocurrency fall."
Many Finance gurus expect the easy credit market to dry up a bit in the coming months as part of hedging against inflation. This may mean that traditional stocks will become less attractive and the search for "uncorrelated assets"will begin.
These are " assets that lie beyond the reach of a traditional financial system in which cryptocurrencies are a potential alternative," Poncy insists. "Historically, many prestigious cryptocurrencies have grown in conditions of global uncertainty and [...] the inflow of institutional capital to the cryptocurrency market due to increased regulation and protection of investors may lead cryptocurrencies to a positive trend in the second quarter of this year."
In December last year, Saxo Bank did an awesome bitcoin forecast for 2019. Then analysts of the Bank predicted that in 2018 it is expected to increase the value of bitcoin to 60,000 dollars, after which it will collapse to the fundamental "cost of manufacturing" a coin of 1,000 dollars in 2019.
Do not regret for me merit
In its forecast, Poncy notes that " cryptocurrencies have returned to earth in the first months of this year, after a sharp increase at the end of 2017. The situation remains fragile, given the prospects for increased regulation and bans on social media advertising. However, we cannot exclude the possibility of their return."
Poncy also notes that"there were several large acquisitions of crypto-exchange by financial companies, such as Goldman Sachs, which is an investor in Circle, which bought the Poloniex exchange, as well as the Monex Group, which bought Coincheck and Yahoo Japan." In addition, cryptocurrencies such as Coinbase have been able to hire talented professionals from Silicon valley, and they are in key leadership positions.
Poncy concludes: "several events can serve as springboards for the crypto-currency 'bullish' market in the second quarter through fundamental driving forces [...]..]. In my opinion, we will eventually see the end of the cryptocurrency fall."
Many Finance gurus expect the easy credit market to dry up a bit in the coming months as part of hedging against inflation. This may mean that traditional stocks will become less attractive and the search for "uncorrelated assets"will begin.
These are " assets that lie beyond the reach of a traditional financial system in which cryptocurrencies are a potential alternative," Poncy insists. "Historically, many prestigious cryptocurrencies have grown in conditions of global uncertainty and [...] the inflow of institutional capital to the cryptocurrency market due to increased regulation and protection of investors may lead cryptocurrencies to a positive trend in the second quarter of this year."
In December last year, Saxo Bank did an awesome bitcoin forecast for 2019. Then analysts of the Bank predicted that in 2018 it is expected to increase the value of bitcoin to 60,000 dollars, after which it will collapse to the fundamental "cost of manufacturing" a coin of 1,000 dollars in 2019.
Do not regret for me merit
OP it would be better if you inserted the link of this article. It is hard to give comment like these because I would look stupid if your posts are not accurate or misleading. But let say that your post is correct; I would say that all of these are only one of the possibilities of BTC. We should take these as guide for investment and trading never rely on single source make a habit of comparing the chart.
These graphs and conclusions were made by a lot of analysts and came to the same conclusion on this I published it here