The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

After Bitcoin Rallies 18%, Industry Insiders Weigh in on a Bull Run and Crypto’s Next Turn

by Daily Hodl Staff
December 21, 2018
in Bitcoin

Cryptocurrency investors can take a cautious sigh of relief after the crypto market valuation gained nearly $33 billion dollars in just three days, with Bitcoin rising 18% against the US dollar and topping $4,000. According to cryptocurrency trader and economist Alex Krüger, the run-up is a brief respite from the plunging price of Bitcoin and not the beginning of a new bull run – yet.

In a series of tweets, Krüger maps out why he believes the bounce is not what it appears to be.

“Crypto simply stopped falling. Nothing else has changed. No reason to expect a rabid bull run yet. May easily print new lows in the following weeks. A wide range is IMO the most likely scenario to ensue. Nothing to FOMO into.”

He expects a wide range from $5,500 – $2,500, and continued volatility in the coming weeks.

“Crypto bullish talk is increasing. Some are deriding bears looking for lower prices. Most of these bulls lost a fortune, are deeply underwater, and are actually best ignored. Crypto simply stopped falling. Nothing else has changed. No reason to expect a rabid bull run yet. May easily print new lows in the following weeks. A wide range is IMO the most likely scenario to ensue. Nothing to FOMO into.”

Cameron Chell, chairman of ICOx Innovations, adds that the bull run speculation has finally died down and has given way to a more dedicated focus on real-world applications.

Chell says,

“The crypto speculation bubble that popped in 2018 was a blessing in disguise. It caused the craze to fade into the background, which will pave the way for real-world blockchain applications to come to the fore in 2019. Next year, blockchain technology will be leveraged to tackle some of the biggest pain points across industries. I predict a lot of movement in IP rights, corporate currencies, land titles, and virtual reality registration and economies.”

Just prior to the recent BTC bounce, analysts and global market strategist Nikolaos Panigirtzoglou from JPMorgan Chase issued a note to clients on December 14 suggesting their take on institutional enthusiasm for Bitcoin investment. As reported by Bloomberg, the analysts write, “Participation by financial institutions in bitcoin trading appears to be fading. Key flow metrics [in futures markets and in average volumes] have downshifted dramatically.”

With more muted expectations around Bitcoin’s price action, insiders believe that developers will drive the tech forward, instead of speculators.

Says Josh Fraser, co-founder of Origin Protocol,

“In 2019, we will start to see real results from the serious building that got started in 2018. You will see the term ‘the decentralized web’ or ‘Web3’ much more as projects innovate off-chain, while still preserving decentralization.

Developers will also start to focus heavily on user experience, as opposed to just launching – 2018 saw the release of many DApps, but low user numbers. We expect to see a renewed focus on adoption in 2019.”

Tamir Koch, president of eMusic, says,

“Despite the market downturn, 2018 was the year where mainstream adoption of crypto began to gain steam. I believe 2019 will be a major step forward, with a huge player coming out and embracing crypto, such as a payment company accepting crypto, pushing adoption by the public into the mainstream.”

That prediction gained more steam today with ongoing reports about Facebook and a new crypto product that appears to be in the works.

Meanwhile, Jake Yocom-Piatt, co-founder of Decred, says 2018 served to filter out the pretenders in the crypto world. 

“In 2018, we saw the ICO model die, Ethereum flame out, DApps and tokens go to zero, and ERC20 projects generate insanely creative business models just to avoid regulation in a brazen grab for cash. Observing these failures reinforced our belief that the blockchain-driven future isn’t a quick fix. It will take decades, patience, and longevity to build and gain mass adoption.”

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Binance Alpha Is Changing the Web 3.0 Game
    May 16, 2025
  • NEXPACE Launches MapleStory N and NXPC Token, Charting a New Chapter for MapleStory Universe
    May 15, 2025
  • GSR Invests in Maverix Securities To Support the Launch of Regulated Digital Asset Structured Products
    May 15, 2025
  • Sportsbet.io Launches One Million USDT Giveaway To Mark Champions League Finale
    May 15, 2025
  • Whale.io Accelerating Towards TGE – Unveils ‘Wager and Earn’ Campaign and Launches WHALE Token Conversion
    May 14, 2025
  • Edgen Launches ‘AI Super App,’ Democratizing Institutional-Grade Crypto Market Intelligence
    May 14, 2025
  • BC.GAME Unveils New Logo, Strengthens Crypto Integration in iGaming Ecosystem
    May 14, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$104,976.13
$104,976.13
1.59%
Ethereum
$2,414.96
$2,414.96
2.76%
BNB
$643.00
$643.00
0.04%
Solana
$167.56
$167.56
0.26%
XRP
$2.38
$2.38
0.92%

Spotlight

  • Crypto Analyst Says 2025 Will Be the Year Bitcoin Hits Bull Market Peak, Unveils Upside Price Targets for BTC
    May 11, 2025
  • Eight Arrested in Multi-State Bank Fraud Conspiracy That Caused Over $1,500,000 in Losses: DOJ
    May 11, 2025
  • Asset Management Giant BlackRock Held Meeting With SEC To Discuss Crypto Staking, Tokenization and More
    May 11, 2025
  • Brian Armstrong Says Coinbase Considered Putting 80% of Balance Sheet to Crypto, but Decided Against It: Report
    May 11, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl