*Don’t get your hopes up regarding “accurate” crypto predictions for 2019 – for a couple of reasons.
First, crypto is a nascent industry and everything is changing so rapidly that no one, not even the most respected traders and influencers have been able to predict what will happen.
In 2017, respective of predictions for 2018, almost everyone, including mainstream FINTECH experts, recklessly thought that Bitcoin would continue to soar to unprecedented heights. Well it did, but it slumped too – and they didn’t see that coming!
One major business publication, Forbes, even reported that over the next five years Bitcoin would surpass the $100,000 mark. Making predictions for FIVE years in advance is a “safe” play, but a clear indication that no one wants to commit – because they can’t.
The reality is that unless you’re @RichardBranson or @ElonMusk, no one remembers what you predicted five years ago, or cares, but if you can tell us what you think will happen tomorrow, you’ll have our undivided attention!
Michael Novogratz of CNBC Fast Money predicted that Bitcoin would “easily” reach $40,000 by the end of 2018. Yikes, even heavy hitters like @Novogratz are at a loss.
Did you think Bitcoin would now hover at $3K after its meteoric rise earlier in the year?
Riding the Bitcoin Pump & Dump Cycle is a challenge, but it pays off for smart players.
People make predictions mostly because they want you to believe they are experts and smarter or more connected than you. A few do truly want to share information to help you, but they are rare in a competitive crypto market where inside knowledge is the unspoken truth.
So, instead of making specific crypto coin or company predictions that we all know are little more than boastful “guesses” I’d like to take it to a higher level and look at the business ramifications that crypto trading will have on our worlds.
Let’s start here: Predicting that Bitcoin is a BUBBLE is a little premature when you consider crypto hasn’t even gone mainstream, at least not yet. Today, in the grand scheme of finance, Bitcoin is still relatively small, and if it is a bubble, at this size it is highly unlikely it will POP and disappear like Fan Bingbang! but it could fizzle out like an open can of Coke going flat. When one door closes, another opens, and in this case, if Bitcoin does flatten, an even more powerful coin or concept will quickly push it aside and take its place; maybe Ethereum, Neo, Litecoin, Ripple, or others – it’s anyone’s guess? Who do you think could push its way into Bitcoin’s coveted top spot?
Crypto Trading, in general will grow in 2019 to become a more common, STABLE, and respected industry.
It’s an easy prediction to make because real businesses that are already experimenting with cryptocurrencies and blockchain are finally starting to understand the concept and how to apply it to their real-world business models. Every week we learn something new about HOW these new economic and finance tools have real-world applications in the health, finance, gaming, art, and retail sectors, plus much more. Each time one of these industries has even a small success, the real-world value and acceptance of cryptocurrencies increases.
In 2019 China will not only remain one of the leaders in crypto and blockchain development, it is possible that Chinese crypto networks will surpass the world in creating opportunities for global crypto traders. It is estimated that in the next few years China will produce 200 more billionaires. It’s a historic number and could soon surpass even the USA.
China has a solid reputation, for over two thousand years, for also producing some of the world’s best mathematicians.
In order to look forward into 2019, let’s step back in history for a moment; Here’s an excerpt from one of my earlier articles about Trading BOTS, “The cornerstone for the FINTECH industry is mathematics – applied mathematics. The first decimal numeration system with place value concept was designed by the Chinese in 1200 BCE. It spawned a paradigm shift that thrust all core world societies forward. Over the course of several centuries pre-BCE, the old-world Asian Trade Empire became the perfect storm to inspire Chinese business leaders to quickly develop sophisticated new mathematical formulas to meet the challenging demands of commerce. In the two millennia since, nothing, as well as everything, has changed. Asians still have considerable influence in the worlds of applied mathematics and commerce, except now, algorithms aren’t calculated on an abacus, they are power driven at light speed through decentralized blockchain super-computing open ledger networks, which ironically are also designed, built and managed by Asians. It is a trend that has stretched out over thousands of years.”
Decimal Numeration System- China
Asian Trade Empire
The USA is China’s largest trading partner, so let’s look at some numbers;
- China has 260 BILLIONAIRES with a total wealth of $1.1 TRILLION.
- Hong Kong has 79 billionaires with a total wealth at $291 BILLION.
- India has 90 billionaires with a total wealth of $206 BILLION.
- UK has 106 Billionaires with a total wealth of $295 BILLION.
- Russia has 119 billionaires with a total wealth of $384 BILLION.
- USA has 585 billionaires with a total wealth of $1.466 TRILLION
China predicts they will produce 200
MORE billionaires in the next few years.
You do the math.
Billionaire Profile … from WEALTH-X “A standout trend in 2017 was the surge in Asia’s billionaire class, led predominantly by China and Hong Kong, although healthy gains were also recorded in India. This propelled the total billionaire population in Asia to 784 individuals, rising above that of North America (727) for the first time. Dynamic wealth creation was supported by improved emerging-market growth, more resilient currency movements against the US dollar, higher infrastructure spending, booming prices and robust demand from an expanding middle class. Across the Asia-Pacific region as a whole, the billionaire population expanded by 29%, with its combined wealth rising by a staggering 48%, a huge turnaround following modest falls in 2016. In China alone, the level of billionaire wealth swelled by 61% to $1.1trn, raising the country’s share of global billionaire wealth from 9% to 12%.”
We’ll have more predictions in the next few months … what do YOU think about 2019?
Author Maurice Cardinal is a Blockchain Development Advisor and a Crypto Content Specialist at CoinSeason Capital Inc. Maurice has helped develop successful blockchain strategies and ICO campaigns for the news, gaming, healthcare, and cloud computing industries, and has researched, written, and advised about blockchain and cryptocurrency strategies for several years. Maurice is also the author of Leverage Olympic Momentum an early adopter business bible about disruptive marketing and growth hacking. He is also the Editor of CryptoFiatBlog.com