We have received a few emails of late asking us of our opinions on the current market.
We have decided to outline a few macro points and to remind everyone that even during the .COM crash of the early 2000’s, the Nasdaq index corrected 80% from its ATH of 4800 to 820.
It currently sits at 6600.
Due to the technological advancements we have now compared to back then, for example being able to buy and sell at the click of a button on your phone rather than picking up the telephone and calling your broker, everything is moving at a much faster rate. We therefore believe this market can recover in a matter of months instead of years.
Another driving factor will be, in addition to Binance and Bittrex both announcing plans to introduce fiat on-ramps Bitfinex has now also joined the party and announced they too will be introducing fiat on ramps for not only USD but for JPY amd GBP.
Despite price dropping, the amount of interest and use cases in blockchain and cryptocurrencies is ever increasing, and we feel in regards to institutional money coming into this space, it is inevitable and more a question of when, not if.