It’s unlikely that crypto markets will show an upswing this year, after the extreme fall that they have witnessed from the highs of 2017. However, as the industry evolves from a crowdsourced, crowdfunded model to a more private investor one, the returns should kick in.
That’s the view of Bobby Bhatia, CEO and Founder of TrakInvest, a social trading platform for equities and cryptocurrencies. In an interview with Coin Rivet, he says:“Besides the returns, the industry itself is likely to develop stronger regulations and laws that will make it much safer for investors to participate.”
Demand for developers that can build applications on blockchain is likely to rise, creating a need for education and courses in this technology, Bhatia believes. Those with IT and tech backgrounds are likely to be in much higher demand.
“Unstable governments and currencies across the world have seen more of the local population buying cryptocurrencies as they seem a much safer bet than the government-backed currency. This leads to a use case of the token being accepted as a mode of payment and currency in those regions,” he says. “Overall, the headwinds for crypto are strong with many markets and populations already accepting cryptocurrency and the underlying technology.”
Don’t miss the full interview with Bhatia, landing on Coin Rivet tomorrow morning.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.