by bitcoinist 01/05/2019
A new year means more speculative cryptocurrency predictions. Many predictions last year didn’t envisage the enormous bear market that characterized the year, with Bitcoin dropping more than 80 percent. Weiss Ratings has published its outlook for Bitcoin and other cryptocurrencies in 2019. Increased Adoption and New ATH for Bitcoin According to Weiss Ratings, 2019 will herald increased adoption for Bitcoin. The international rating agency expects more people to consider the top-ranked cryptocurrency as a store of
Bitcoin futures are trading below the cryptocurrency's spot price, signaling market participants have a bearish outlook on bitcoin over the coming months.
If bitcoin breaks above a key moving average, it could be considered a sign a bearish-to-bullish trend change has begun.
Russian economist, Vladislav Ginko, says Russia is looking to invest $10 billion in Bitcoin as the State Duma has put cryptocurrency legislation high on the agenda for 2019. Rumored $10 Billion Bitcoin Investment Ginko, an economist with ties to the Kremlin, says the Russian government will convert some of its USD reserves into Bitcoin, a move that could start as early as February. Last week, Bitcoinist first reported on the government’s rumored plans to ditch the Dollar