“Stairway to Heaven or Highway to Hell in 2018?”

2017 was a stellar year for cryptocurrencies, with the total market cap of the assetclass surging by more than 30x from $17B at the beginning of 2017 to roughly $600B at the end of the year. A majority of the rise in valuation can be attributed to a proliferation of tokens created by the ICO frenzy, where the total capital raised from ICOs in 2017 ended at $3.7B versus a scanty $96M in 2016. One of the key milestones in 2017 was that Bitcoin started testing the waters of mainstream adoption as investors inevitably started realizing the inarguable benefits of cryptocurrencies and the launch of CME and CBOEfutures, in addition to the FOMO created by the ever-rising price of bitcoin. To put this into context, Coinbase surpassed Charles Schwab, a leading onlineplatform for traditionalasset classes, in terms of the userbase.

Enter 2018. Unlike in 2017, we expectbitcoin to have a steadier growth in 2018 as the impending deluge of institutional capital and the launch futures contracts in Dec-2017 are going to increase the liquidity and curtail the volatility to some extent. We also envision a tapered down ICO activity as compared to 2017 given the growing scepticism expressed by global regulators, which could lead to tighter regulations around ICOs.

Below are the key themes for 2018.

“Stairway to Heaven or Highway to Hell in 2018?”
“Stairway to Heaven or Highway to Hell in 2018?”

Happy Hodl’ing!

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