New York-based research company Fundstrat Global Advisors has released its crypto outlook for 2019 and found that this year could be ‘incremental’ to cryptocurrencies.
According to the company’s February 8 outlook document, 2019 will see incremental improvements that will purportedly support higher prices for cryptocurrencies.
“We see 9 incremental improvements in the landscape that ultimately support higher prices,” he said about the study.
The study traces key market tendencies from 2017 to now alongside a brief assessment of 2018. The report found that 2018 felt more like a “morning after sobering,” referring to the incredible growth the entire industry saw in 2017.
However, while Fundstrat still believes it is too early to talk about mass adoption, its analysts expect that the situation will slowly start to change. The report says that the weakening of the U.S. dollar is the first reason behind Bitcoin’s price recovery.
Analysts also expect that emerging market equities will outperform U.S. stocks and bonds, which will create a friendly environment for cryptocurrencies in general.