Saxo Bank: 2018 to be “make-or-break year” for crypto asset market
By Trend
2018 will be a make-or-break year for the burgeoning crypto asset market, Jacob Pouncey, Saxo Bank’s cryptocurrency analyst, told Trend Jan. 19.
The optimists are looking for the market cap to top $1 trillion while pessimists foresee increased regulation and even the outright banning of cryptocurrencies as monetary authorities decide that the space is out of control, he said.
“If the crypto space is to see a new leader; Ethereum seems to be one of the assets with real-world utility that goes beyond its standard function,” he added. “It is now processing over 1.25 million transactions/day and tens of billions of dollars in volume.”
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