There were 352 press releases posted in the last 24 hours and 429,077 in the last 365 days.

Fund Manager Forecasts Trillion-Dollar Crypto Market Cap in 2018

Matt Hougan: “You will be compensated with high potential returns for taking those risks now".

Everybody wants to find the next big thing.

I wouldn’t be surprised if we ended the year with a cumulated market cap of over $1 trillion.”
— Matt Hougan
HONG KONG, CHINA, March 7, 2018 /EINPresswire.com/ -- Independent fund managers play a big role in determining the fate of ICOs like Bitcoiin B2G’s current offering. See www.bitcoiin.com, currently in its pre-initial coin offering (ICO) sales phase, for details of its current pre-ICO sales program, which offers Bitcoiin B2G at a pre-launch price of $5.00 per token. Knowledgeable players, though, are looking to the cryptocurrency market as a whole, for tools to forecast what will happen with well-funded ICOs. Everybody wants to find the next big thing.

“The pathway [for aggregate market cap] to $1 trillion eventually is fairly certain,” says Matt Hougan, VP/R&D for fund manager Bitwide Asset Management in San Francisco. “How we get there is going to be volatility and uncomfortable. I think we’ll get there pretty soon, though. I wouldn’t be surprised if we ended the year with a cumulated market cap of over $1 trillion.” Hougan’s observations were made in an interview with Bloomberg.

To the naysayers, who could never imagine bitcoin competing with gold or functioning in payments/ money transfer, he politely suggests they’re shortsighted and forgetting that “tech increases at an exponential rate,” reports Bloomberg.

Hougan identified four areas of risk for cryptocurrency players:

• Regulatory
• Technological
• Network Scaling
• Bad Actors

All these obstacles are undeniable. But Hougan cautioned against over-cautiousness: “You will be compensated with high potential returns for taking those risks now,” he said, pointing to three-to-10 years ahead when cryptocurrencies will be a “more established asset class,” at which time volatility will be more akin to what’s normal in the equity and bond markets, with higher upside potential.

“Crypto’s primary use right now is as a store of value,” says Hougan. “But the future is in payment systems.”

A Unique Opportunity: Cryptocurrency enthusiasts, depositors and adventurers have seldom had such a chance to participate in the exhilarating launch of an integrated cryptocurrency ecosystem, with built-in controls, strong management and explosive upside growth potential.

Bitcoiin B2G announces the second generation of cryptocurrency. Catch the wave, on Sirius XM Radio.

Contact Email Address: john@bitcoiin.com

Supporting Link: https://bitcoiin.com

Click Here To Sign Up.

John Williams
Bitcoiin.com
.
email us here

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.