Yesterday, the investment bank Saxo Bank published an analytical document in which it gave a complete overview of global markets at the beginning of the second quarter of 2018. The document predicts a new rise in the crypto market in the near future.
Danish analysts believe that the biggest financial experiment in history is nearing its end, with central banks replacing politicians as decision makers. Their policies dictate the need to maintain good sentiment in the markets, but with side effects detrimental to the market economy.
SaxoStrats believe that the consequences of misuse of money, potential trade wars and the emergence of monopolies in the tech sector are helping to define a cycle like no other. But this cycle is coming to an end. And the next one will not be a simple continuation of the past.
Analyzing the cryptocurrency market, analysts talk about the possibility of starting a new development cycle for this sector. After hitting an all-time high in December last year, digital currencies fell to their lows in the first quarter of this year. In general, the cryptocurrency has lost more than 50% of its capitalization. These were difficult times in the history of Bitcoin.
Aggressive regulatory policies and a ban on cryptocurrency advertising on social networks are not helping to stabilize the situation at the moment. But Jacob Pouncey, a cryptocurrency analyst at Saxo Bank, believes that there is a chance that the market will return to its previous state.
Pouncey notes that a future market decline is possible if the trend of selling large volumes of cryptocurrencies by whales continues and pressure from regulators increases. However, today there is enough reason to talk about the huge potential of the crypto business.
This will happen if the stock exchanges see a significant influx of funds into independent assets or assets that lie beyond the reach of the traditional financial system, in which cryptocurrency is a potential alternative.
Historically, many cryptocurrencies have seen prices rise amid global uncertainty and risk-related events such as Brexit, the election of President Trump and North Korean missile tests.
An influx of institutional capital into the digital market, backed by adequate regulation and investor protections, could lead to a revival of this sector of the economy and the start of a new positive period as early as the third quarter of this year..
As a result, weak investors will leave the market, and those who remain will wait for a new positive cycle of development of the crypto industry.
According to https://www.home.saxo
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