Finance Monthly May 2019 Edition

Over the past few years, the market has seen the rise and fall of the grandfather of all cryptocurrencies – Bitcoin. Now, in its slump, investors argue whether Bitcoin will see the same heights that it once did. Although there are groups on both sides – with some claiming that Bitcoin’s day is over, while others argue a rise in price is imminent – the truth is far more complex. Bitcoin can rise again, but it requires a shift in the crypto industry to happen, says George Zarya, CEO of BEQUANT. Institutional buy-in Fundamentally, the retail aspect of cryptocurrency investment has been a huge driver for the market. Small groups of consumers have willingly put money into a wide range of digital assets with Bitcoin being one of the first examples of this. While this has led to huge growth in the market, there now needs to be an equal amount of attention from large financial institutions in order to take the crypto market to the next stage. This has already begun to occur, with research from the Global Blockchain Business Council (GBBC) showing that up to 41% of institutional investors believe they will be entering the Initial Coin Offering MAKE BITCOIN GREAT AGAIN? George Zarya, CEO of BEQUANT 22 www.finance-monthly.com ASK THE EXPERT - BITCOIN