With two weeks gone, different predictions of what to expect in the crypto industry are springing up with the latest coming from The Ledger, Fortune’s TV Slot during a talk show with Cameron and Tyler Winklevoss, founders of Gemini exchange.
The first prediction is on Tether (USDT), the king of stablecoins. They believe that Tether will likely lose traction this year as there are more ambitious stablecoins like USDC and GUSD, looking to dethrone the USDT.
The next prediction is on the release of Facebook digital currency. The social network giant started a secret blockchain project last year, headed by David Marcus, former president of Paypal. As reported last month, Facebook is making a dive into the world of stablecoin as the company is preparing to release a stablecoin for its WhatsApp users in India.
Moving further, they predicted that the US Securities and Exchange Commission (SEC) will become more watchful on crypto related activities. More exchanges and celebrities will likely receive fines for not adhering to AML and promoting fake ICOs.
What happens to be the most exciting prediction is the approval of a Bitcoin ETF. The Ledger believe that 2019 is the year when the US regulators will finally approve one of the ETF applications after so many rejections. Bakkt will likely be the first to be accepted as the firm is working hard to ensure that it gains the SEC’s approval.
Concluding their predictions, the executives predicted that the 2018 crypto winter would continue this year as there will be no big bulls like that of 2017. Listing some of the factors that will affect the prices negatively, the brothers cited increasing global geopolitical tensions, economic recession, and market volatility.
Do you agree? Drop your predictions in the comment section below.