The chief executive of a blockchain start-up has forecasted a significant surge in cryptocurrency adoption by the second half of 2019.
Olga Feldmeier, CEO of a burgeoning blockchain enterprise, made this bold prediction in the latest annual tech trends report by a global investment bank. Feldmeier stated, “Cryptocurrencies will continue to innovate beyond the well-known bitcoin and Ethereum, and we will see many more coin and payment products emerging. All that will clear the way for mass adoption, which we will see in the second half of 2019.”
The report anticipates that 2019 will be a pivotal year for cryptocurrency and blockchain, with institutional capital expected to flow into the sector for the first time. The blockchain enterprise led by Feldmeier focuses on a decentralised, community-based marketplace for tokenised alternative investments.
Feldmeier emphasised the secure nature of cryptocurrencies within the financial ecosystem, highlighting their fundamental security advantage. She noted, “However, there are still hurdles to mass adoption that need to be removed – and these are not just of a technical nature. Regulations will need to keep up on all things crypto in order to protect investors and provide more trust in these new asset classes, which is the ultimate prerequisite for broader adoption.”
Feldmeier further elaborated on the volatile nature of the crypto market, which she believes is still in its nascent stage. She remarked, “Over the mid-to-long term, cryptocurrency is a new alternative class of digital financial products that offers many benefits. And there will be offerings that are fully regulated and under a reliable legislation. That’s why I am certain they will find mass adoption – first with progressive, innovative investors, and then others who will follow in their footsteps.”
The outlook for cryptocurrencies in 2019 suggests an imminent shift towards widespread adoption, driven by innovation, regulatory advancements, and the entry of institutional investors.