Correction of bitcoin in 2018 will not repeat the scenario four years ago due to significant changes in the structure of the market. This assumption is expressed by the crypto analyst and investor Willie Woo, writes NewsBTC.
In 2014, bitcoin has undergone the deepest recession in history — after losing 90% of the value of the cryptocurrency has long remained on the low price items.
Willie Wu noted that the then correction of aggravated burglary and bankruptcy cryptocurrency exchange Mt.Gox. At that time, the platform handles up to 90% of bitcoin transactions, while not having adequate security systems. It is therefore not surprising that the collapse of the exchange led to “stagnation” of the first cryptocurrencies.
At the moment, according to the expert, the leading cryptocurrency companies offer more solutions for the security and comfort of institutional investors in the market.
In particular, recently the Vice-President of Coinbase’s Adam white has published a list of basic principles, which are the company’s services for institutional investors. According to him, the new products will bring Coinbase to an open financial system.
“In General, bitcoin in 2018 much healthier of bitcoin 2014,” said Willie Wu.
ForkLog previously reported that, according to an analyst with wall street and co-founder of Fundstrat Global Advisors Tom Lee, correlation between bitcoin and developing markets, indicating the possibility of explosive growth.
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