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2019 to be the year of Bitcoin: A.T. Kearney report




By & nbspSwati Kishore

According to a report by American Global Management Consulting, AT Kearney, Bitcoin is set to regain its market share in 2019.

Which is the tradition of some major banks and consulting firms, AT Kearney has stated in its annual forecast for 201[ads1]9 that Bitcoin and other cryptographic curves are now "crashing" and not dead.

Interestingly, Bitcoin celebrated its tenth birthday this year among massive losses against its all-time height it had reached in December 2017. According to the report, A.T. Kearney believes that the world's groundbreaking crypto competition will begin its new journey in 2019 by consolidating after the losses in the crisis in 2018.

The report elaborates,

"Bitcoin will lead to consolidation and maturation of the cryptocurrency market. "

Particularly Anthony Pompliano, co-founder Digital Assets at Morgan Creek and Tony Vyas, have both said they foresee that Bitcoin falls to $ 1300 levels. Contrary to many such forecasts made by analysts who have claimed that Bitcoin has not yet completed the downturn, the report by A.T. Kearney comes as a welcome surprise.

The trails experienced by Bitcoin in 2018 experienced a reversal to reach the level of USD 4230 this week before undergoing another correction. Altcoins has been underlined by even more volatility with cryptographic curves such as Bitcoin Cash and Ethereum, which experience errors.

According to A.T. The Kearney report, 2019, will again be the year of Bitcoin. The report illustrated,

"By the end of 2019, Bitcoin will recover almost two-thirds of the crypto market value, as altcoins lose their luster due to increasing risk aversion among crypto-investors."

With the Bitcoin network hashrate surging again after seeing a downward trend for almost four months now, the predictions made by AT Kearney can only be on their way to come true.

Swati Kishore

Swati has a great interest in new technologies and she loves to write about them. She loves trance and is also interested in life's philosophy.



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