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Research Firm Fundstrat Expects Cryptocurrency Prices to be Higher in 2019

Liang CHE

Summary: According to cointelegraph.com, Fundstrat Global Advisors, a New York-based research firm, announced its outlook for the 2019 cryptocurrency market on Friday, February 8. Analysts say incremental improvements in the cryptocurrency market will support cryptocurrency prices. At a macro level, the report listed the expected lower US dollar as the first reason for the rebound in ...

According to cointelegraph.com, Fundstrat Global Advisors, a New York-based research firm, announced its outlook for the 2019 cryptocurrency market on Friday, February 8. Analysts say incremental improvements in the cryptocurrency market will support cryptocurrency prices. At a macro level, the report listed the expected lower US dollar as the first reason for the rebound in bitcoin (BTC) prices. Fundstrat analysts also believe that emerging market equities will outperform US stocks and bonds, creating a friendly environment for encryption. The outlook further indicates that due to the development of hosted solutions and over-the-counter (OTC) transactions, the much-anticipated institutional investment will also increase in 2019, which will help the recovery of encryption prices.