Cryptocurrency adoption is increasing in 2018 while prices are dipping. It’s a counter-intuitive reaction that we are seeing here since prices should be increasing as adoption increases. Yet that’s not what happening as we start 2018. This week, as major cryptocurrency prices continue to drop or get rejected around resistance levels, we shared with our Blockchain Service Subscribers the following:
This week we want to highlight “new” initiatives in the sector. As the cryptocurrency and blockchain sector is retracing, investors should remain focused on actions that can impact the future of the sector and therefore their investments rather than noise.
ETFs, cryptocurrency funds, futures are being launched to offer investors exposure to cryptocurrencies. More and more retail investors are pressuring their financial planners/institutions to either match the returns from investing in crypto or offer them exposure to this sector. The examples of new crypto hedge funds are all over the news.
The Blockchain tech is also in focus:
Cryptocurrency Adoption and Blockchain Technology: Recent Adoption examples
Just within the last 48 hours, we saw the following announcements:
