Forbes: block chain and encryption currency 4 Predictions for the second half of 2019
2019 is an important node on the block chain development history. The first half of encryption money market bottomed out, the market continues to turn for the better, JP Morgan Chase, Facebook and other large financial and technology companies have been pouring into. More and more organizations try to cut payments, securities and other financial services through block chain, and actively develop related technologies and applications. With the financial, technology giants have admission, chain block and encrypt currency once again demonstrated a positive development.
How the second half of 2019 will be developed? "Forbes" around the block chain and encryption articles in the latest monetary development in the second half to make four points forecast. Which includes both speculate on the block chain "killer application" and stable currency, but also bold judgments on regulatory policy.
1. The US economy will end the bull market, investors' interest in the assets of the large-scale encryption upgrade
Currently, the US economy is experiencing the longest bull market in history. But nothing is eternal, this economic situation coming to an end. Once this occurs, block chain will attract the attention of the investment, and trying to find the next great project or product.
The face of "unsustainable debt dynamics," International Monetary Fund (IMF) expressed his views on the US economic expansion: a bear market coming, the only question is when.
In the case of the market will eventually adjust and encryption assets will become the legal tender of the most attractive alternatives. Due to unregulated, encryption assets in the most vulnerable to economic turmoil experienced hedge. When the depreciation of other currencies, people may turn to block chain to protect their savings, and the transfer of funds abroad, which in turn enhance the impact of the technology in the broader economic difficulties.
2. A stable currency will be more and more popular
Stable currency encryption currency industry into a new stage. This new token can be encrypted with any trading assets, to enhance confidence in the unpredictable financial markets.
Assets linked to short, stable value of the dollar and other currencies can be with the real world. Encryption Exchange Gemini founder Winklevoss brothers believe that a stable currency represents the future of encryption of money because it allows retail investors / retailer to more easily accept encrypted payments.
Compared to other encryption assets, the government is more likely to accept a stable currency. Ultimately, stable currency or currency will replace the traditional method, but it will be long before implementation.
3. The block chain "killer application" does not appear
Since the advent of chain blocks, investors and market participants we have been talking about "killer app" bearer of this new technology. However, such application has not yet been born.
Block chain may extend to many areas of technology, and has a wide range of features, which can be limited to that particular field killer application. Bitcoin almost become a killer application of this technology, but it fell in late 2017 collapse altar.
In view of this, the block chain assets and encryption should be further forward. There is block chain is not to improve any single experience, but to explore how to improve the performance and potential of technology. The world does not need a killer application because the block chain is the killer technology, it is a lot of strong industry, the founder of the rules of the game to provide technical support.
4. US regulators will continue to maintain a "wait and see"
During the Internet revolution, innovation and investment in the United States at the forefront. Most of the major market participants either to live in the United States, or to obtain good results in the United States. While many other countries are contributing to the rise of the block chain technology, but the United States will maintain its position as a leader in technological development, and to promote the "non-interference attitude" it happen conditions from the regulatory agencies .
US lawmakers will continue to maintain a "wait and see attitude" because the cost of making the wrong decision is still high. No one knows for sure block chain will be going next, and no one wants to be a party that hinder its development. Although regulators will continue to fight against attempts to engage in fraudulent activities encryption company, but at least in the next few years, legitimate companies in this field is expected to get plenty of space for development.
Some predict this will be the first of this year, while others forecast in the next few years will become a reality. Block chain revolution has only just begun.