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Most of the crypto-infrastructure-building activity that took place in 2017 was unknown to most, but we started to see the fruits of those labors in 2018 and can expect quite a bit more in 2019. Although crypto markets underperformed in 2018, the pace of underlying development activity has accelerated dramatically. This is true both with regards to underlying technology and market infrastructure.
On the exchange and asset management front, the NYSE, CME, and CBOE, Fidelity, and Goldman Sachs. Among VCs, Andreessen Horowitz, Union Square Ventures, Craft Ventures, Tiger Global, Sequoia, and many others invested in picks-and-shovels crypto companies. Among traditional Wall Street trading firms, DRW, Jump Trading, Susquehanna International Group, and others began making markets programmatically, offering OTC trading, and arbitraging.
Expect rising prices late 2019 and definitely 2020 before the Bitcoin halvening happens.
because it cant get any worse?