{"id":139684,"date":"2019-01-04T09:30:13","date_gmt":"2019-01-04T14:30:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=139684"},"modified":"2019-01-04T07:52:44","modified_gmt":"2019-01-04T12:52:44","slug":"institutional-capital-to-considerably-expand-crypto-market-in-2019","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/institutional-capital-to-considerably-expand-crypto-market-in-2019\/","title":{"rendered":"Institutional capital to \u2018considerably expand\u2019 crypto market in 2019"},"content":{"rendered":"
January 4, 2019<\/div>
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By George Prior<\/strong><\/p>\n

Institutional investors \u2013 excited by greater regulatory clarity – are going to drive \u201cconsiderable expansion\u201d of the cryptocurrency market in 2019.<\/p>\n

This is the bold forecast by the CEO of one of the world\u2019s largest independent financial advisory organizations.<\/p>\n

Nigel Green, founder and chief executive of deVere Group, which launched deVere Crypto, the world\u2019s fastest crypto trading app 12 months ago, is speaking as the post-holiday crypto rally continues.<\/p>\n

Over the last 48\u00a0hours, the three biggest digital currencies Bitcoin, Ethereum and XRP have climbed 4 per cent, 12 per cent, and 3 per cent, respectively.<\/p>\n

Mr Green comments: \u201cThe bearish sentiment of the last quarter of 2018 is now, I believe, behind us.<\/p>

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\u201cWe can expect the current upswing to continue, albeit with peaks and troughs as in any financial market.\u201d<\/p>\n

He continues: \u201cIn 2019, the cryptocurrency market is set to radically evolve.\u00a0 We can expect considerable expansion of the sector largely due to inflows of institutional investors.<\/p>\n

\u201cMajor corporations, financial institutions, governments and their agencies, prestigious universities, and household-name investing legends are all going to bring their institutional capital and institutional expertise to the crypto market.<\/p>\n

\u201cThe direction of travel has already been on this path, but there is a growing sense that institutional investors are preparing to move off the sidelines in 2019.\u201d<\/p>\n

Mr Green goes on to add: \u201cThe acceleration of institutional investment is likely to be driven by greater regulatory clarity.<\/p>\n

\u201cMore and more global jurisdictions can be expected to join the likes of Malta, Hong Kong, Japan and Switzerland in becoming crypto-friendly from a regulatory and pro-business viewpoint.\u201d<\/p>\n

Whilst Bitcoin, the world\u2019s largest cryptocurrency by market capitalization, will remain dominant this year, Ethereum and XRP, due to their unique characteristics and problem-solving traits, can be expected to significantly fuel the 2019 upswing, affirms the deVere CEO.<\/p>\n

He notes: \u201cThe smart contract abilities of Ethereum are already unrivalled.\u00a0 More and more institutional investors will be making use of these capabilities this year. Also, once Ethereum can accept outside data in its smart contract protocols, its price will rocket further.<\/p>\n

\u201cWhen it comes to XRP, hundreds of financial institutions across the world are already working with it and this is a trend that is set to continue and grow in 2019.<\/p>\n

\u201cIn addition, XRP has been positioning itself to become a leading international facilitator of global remittances and inflows. \u00a0This is a massive market in the expanding emerging economies.\u201d<\/p>\n

Nigel Green concludes: \u201c2019 will be a year of accelerated maturation for the crypto sector due to institutional investment.\u201d<\/p>\n

About:<\/strong><\/em><\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By George Prior Institutional investors \u2013 excited by greater regulatory clarity – are going to drive \u201cconsiderable expansion\u201d of the cryptocurrency market in 2019. This is the bold forecast by the CEO of one of the world\u2019s largest independent financial advisory organizations. Nigel Green, founder and chief executive of deVere Group, which launched deVere Crypto, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-139684","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=139684"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139684\/revisions"}],"predecessor-version":[{"id":139685,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139684\/revisions\/139685"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=139684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=139684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=139684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}