Crypto predictors had a rough year in 2018, but to be fair, no one could have guessed the outcome on that one. All signs point to full adoption and future growth for cryptocurrency but the big question is “when?” Well, with the market rebounding, and positivity at a new high, some of the top minds in the industry are calling for a BTC price of $200,000 coming soon. So if you want to stay ahead of the bull run, here’s how to make money.
EXPERTS REMAIN POSITIVE BOUT BITCOIN GROWTH
Just a quick search on Google will yield you numerous results regarding expert analysis on Bitcoin growth. Take CEO of Yield Coin Samuel Leach for example. Recently, Leach stated that “The inherent volatility of the cryptocurrency means that it is difficult to predict…However, the outcome of upcoming events will go a significant way to determine the price.” What events is he referring to exactly? For one, the Intercontinental Exchange is planning to launch Bakkt, a federally regulated market that will seamlessly enable financial institutions and consumers to buy, store and sell their crypto assets. But it doesn’t end there.
BITCOIN ADOPTION IS JUST STARTING; HERE’S HOW TO MAKE MONEY
Aside from the aforementioned news regarding the Intercontinental exchange, there’s more to consider. Crypto exchange ErisX recently raised over $27 million from Fidelity Investments and Nasdaq. Both plan to launch crypto derivatives in the top half of 2019. With these major financial institutions involved (and more to come), the price of Bitcoin will only mature and appreciate as a direct result. So even though you may see the price of bitcoin drop 8% here or rise 10% there, keep in mind that we are still the early stages of massive adoption. So truly, the best time to get involved is right now.
USE CRYPTO LENDING SITES TO CAPITALIZE ON BITCOIN BULL RUN
Don’t hit the panic button yet and throw all your money into crypto before the inevitable bull run comes. However, it would be wise to start planning now. If you have starting capital already, then now is the time to start researching which cryptocurrencies you’d like to invest in. Whether it’s Bitcoin, Ethereum or one of the hundreds of altcoins, it’s important to find out how to build your portfolio for maximum efficiency.
Short on cash because you’ve already invested it into crypto and don’t want to sell? That’s not a problem either. With crypto lending sites like YouHodler, you can easily use your crypto as collateral to get a cash loan in minutes. You can then use this cash loan to buy even more crypto, setting yourself up for the next market rise. By the time you’ve paid off your loan and received your crypto back, you’re sitting on some nice profits. There are several ways to use crypto lending platforms to your benefit in both bullish and bearish markets so that’s certainly an option you should consider.
Other than that, just keep calm and get ready because all signs point to 2019 being a great year for crypto enthusiasts.