Assets

Based on the current quagmire of geopolitical conditions, the entire globe could see another big recession within the next nine months, especially if the trade war is prolonged, expert economists reveal. Both the Bitcoin, cryptocurrency and traditional markets could be affected.

Japan is suspicious about cryptocurrency-based exchange-traded funds (ETFs) due to price volatility. According to the remarks from the upper house of the National Diet that happened recently, the country’s monetary watchdog Japanese Financial Service Agency (FSA) expressed a watchful stance towards ETFs.

The whole blockchain and crypto market has seen gains in the prices of digital assets, especially Bitcoin, the oldest and leading cryptocurrency by market capitalization. On May 12, Bitcoin (BTC/USD) traded above the $7500 price level, which is its record high price since August 3, 2019 (around nine months). Several crypto analysts anticipate BTC to skyrocket and hit $10,000 before this month ends.

The original cryptocurrency Bitcoin (BTC) – digitally mined and Gold – mined from the ground, are two different lucrative investments, which share a great deal in common and most people massively invest to generate profits.  However, precious metals and digital currencies are different assets and serve different drives in an investor’s portfolio, and it is very important to know these differences. They also possess some small similarities.

The U.S Securities and Exchange Commission (SEC) released a “Framework for ‘Investment Contract’ Analysis of Digital Assets” on Wednesday April 3 to enable all market entities to determine whether or not a crypto (digital asset) is considered an investment contract, and if so, a security.

IBM Corp., one of the leading technology providers for creating crypto, revealed that two bullish U.S. banks are gauging the benefits of following JPMorgan’s position in issuing a stablecoin. JPMorgan is the biggest U.S. bank in terms of assets, it moves over $5 trillion in wholesale payment daily. The move by IBM threatens Ripple in one way or another.

In these days 5G has become a hot topic in the global hi-tech industry. Mobile Internet has become an irresistible trend. We will be able to communicate with people and machines around the world anytime and anywhere. However, in the crypto assets world, the reality is that most people can only use PC-based wallet. You have to sit down to open the computer and operate step by step, while the cryptocurrency market may have undergone huge fluctuations, which seriously affect the user’s experience and benefit.

On CNBC’s Fast Money, Brian Kelly, CEO of BKCM, mentioned three vital factors which could push Bitcoin back to its former (2017) highs and see a complete recovery in the future.

2019 may become the year that will see the revival of the global cryptocurrency market and a new wave of interest towards digital assets. This is what experts from ICOBox believe based upon their review of the current crypto industry situation.