Popular American Businessman, and financier, Fred Wilson has shared his predictions for the New Year, and they are not all exciting.
Hi Everyone, Happy 2019.
The notable investor and financier who is also a well-known blogger published a witty post on the daring possibilities in the year 2019, in the financial and cryptocurrency sphere. According to Fred, the rapid and imminent changes looming over the United States of America would be an unwelcome catalyst to a tepid and “doozy” 2019. Not a lot of excitement. Investors would be wary more than ever, and the year does not hold a lot of positive surprises for crypto hopefuls.
Why Weiss Rankings have been preposterously bullish in their predictions especially on Bitcoin (BTC), Fred Wilson is careful of being overly exhilarated. The venture capitalist concedes there would be short bursts of bullish runs throughout the year, but that is what they would ever be: short. The overwhelming bottom of 2018 might see investors becoming a little tentative, and the lows of 2018 might gently play out throughout the year. An excerpt from Fred’s post with more than 200 responses read:
“I think we are in the process of finding the bottom on the large, liquid, and lasting crypto-tokens. But I think that process could take much of 2019 to play out. I expect we will see some bullish runs, followed by selling pressures taking us back to retest the lows. I think this bottoming out process will end sometime in 2019, and we will slowly enter a new bullish phase in crypto.”
Wilson believes 2019 would be an answer to the many promises of the buoyant 2017 and expects the year to gradually build towards a powerful ending. He also sees Ethereum reclaiming a distinctive spot in the sector of smart contracts while unveiling a host of significant improvements.
On the areas with the best chances of adoption: Wilson agrees with a number of other analysts touting stablecoins for a productive year, and also predicting a massive growth in the crypto gaming world.
What’s the Trump-Card?
Wilson unabashedly gives the reason for his seeming pessimism: the approaching changes in the leadership of the United States of America. Wilson touts current president, Donald Trump to play a big part in 2019’s overall market-architecture, predicting a weaker economy in the U.S. According to Wilson, the tensions between China and the United States would aggravate to reach a palliative concession later on.
The biggest catch? Wilson predicts Donald Trump claiming a ‘Better America’ and resigning before the year runs out.