Investing in Bitcoin in 2019. Part 1.

Investing in Bitcoin in 2019. Part 1.

What is the cryptocurrency market preparing for?

2017 was a very successful year for crypto enthusiasts and brought significant income for holders of not only Bitcoin, but also the rest of the cryptocurrencies Ethereum, Dash, Ripple, Lightcoin.
In the fall of 2018, despite the market decline, there was a series of positive news that many missed.

Someone is building a cryptocurrency infrastructure around him, or why do significant Wall Street banks need to harness this crypto race.

1. On September 10, it became known that the development of the Crypto Custody service, which will allow storing digital money, as well as the release of Digital Asset Receipt, which will work according to the same methods that have been used with gold for the last hundred years, is in full swing, namely deposit storage will be accompanied depositary receipt.
2. After 3 days, it was announced that Morgan Stanley - launched the creation of a cryptocurrency exchange product designed for large customers of its bank.
3. The very next day, the most important news is published that the Yahoo Finance platform already provides the opportunity to trade Bitcoin, Litecoin and Ethereum currencies in some web applications.
4. On this day, there is a reminder, so to speak, that Coinbase made a huge step towards the cryptocurrency market and made a repository with all the tools so that the major player and institutional investors can easily enter the market.
5. Further, the Swedish technology and finance company Cinnober, which serves brokers, exchanges, and clearing centers around the world, was bought out, the second largest Nasdaq stock exchange.
6. Interesting US universities with tremendous finances have begun investing in cryptocurrencies. In particular, Yale University spoke about this.
7. The Winklevoss brothers, the founders of Gemini, introduced customer insurance services on their stock exchange.
8. In mid-October, we learn that Fidelity (the fourth largest financial services company with a long-term goal of promoting cryptocurrencies) is launching a cryptocurrency asset storage service.
9. On October 30, Goldman Sachh announced that it had begun developing a trading platform for digital currency.
10. Bank of America has shown its intentions to fully adapt to another market and become a crypto-bank that will allow cryptocurrency and data to be stored for its customers.
11. The US government is showing interest in accepting bitcoin as a payment of taxes. The first state to confirm this information was Ohio.

As we see, someone seriously decided to “squeeze” this young market for themselves.

And how do you see the situation on the cryptocurrency market?

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