What Was Bitcoin’s Most Important Event in 2018? Bear Market, 10th Anniversary, Bakkt and More…

The year 2018 was not without major events and milestones, the good, the bad, and the ugly. First, the leading cryptocurrency Bitcoin started the year with $15,000 in trading. Since then, the leading cryptocurrency has lost 75 percent of its value, with Bitcoin trading below $4,000 at the time of writing. Some altcoins, such as ChainCoin, lost up to 99 percent in 2018. Therefore, the bear market was one of the biggest events of the year.

Global finance giants are pouring into the crypto sector

There are experts and analysts who prefer to look at more positive events throughout the year. The parent companies of some of these continue to be involved in the blockchain and cryptocurrency industry. From US giants like the Richline Group of Bank of America and Berkshire Hathaway to global powerhouses like Samsung and Tencent, they all continue to invest in this new and revolutionary industry. Fidelity, one of the largest asset managers with $2.5 trillion in assets under management, announced earlier this year that it will offer crypto custody and storage services. This is a service that will complement the work done by companies like Coinbase and launch earlier this year.

Here are the expert and analyst opinions on the biggest event of 2018

Well, the biggest event of 2018 what was it? Some experts have recently shared their views on this issue.

This year’s bloody bear market is the undisputed leader!

Whether you’re a Bitcoin maximalist or altcoin trader, there’s no denying that the 2018 bear market has challenged us all. not. People were quick to point out that there were similar crashes, but this one was a little different. Initially, Bitcoin dropped from $20,000 to $4,000 and trashed $260 billion in the process. The percentage drop may be similar to previous crashes, but the undisputed leader this year in terms of falling market cap.

Bitcoin Dad and Tone Vays: “Killer bear market, lots of blood shed!”

Famous cryptocurrency analyst Tone Vays recently stated:

In my opinion, the biggest event in 2018 is the declining price of all crypto asset markets, not just Bitcoin. I think it is. To me, this is significantly different from what happened in 2014 or 2015.. This time, I believe the altcoin bubble will not return. I think that will be the big difference. I think the most critical event is the fact that the altcoin bubble is. I don’t expect altcoins to come back.

Bitcoin Dad agreed with one of the most famous crypto traders, Tone Vays, but was more positive about the price drop. According to Bitcoin Dad, there was a ‘healthy correction’ in the market despite hurting many traders.

Bad projects hindered the progress of the entire industry, according to Jimmy Song

Jimmy Song, price drop He said that thanks to this, the market saved him from ‘bad money’. Song is a Bitcoin educator who runs Programming Blockchain, a company that trains students in blockchain development. He previously worked with Paxos and Bitcoin wallet provider Armory Technologies. Jimmy Song believes that crappy projects are hindering the progress of the entire industry.

At the time of writing, the leading cryptocurrency is trading at $3,814, down 0.78 percent.. Bitcoin currently has a market cap of $66.6 billion. The leading cryptocurrency manages a 24-hour trading volume of $4.8 billion. Currently, the BitMEX Exchange dominates Bitcoin trading by 19 percent.

According to the Bitcoin educator, the biggest event of 2018 is “10. Anniversary”

Bear market aside, 2018 was the year the crypto king hit a decade since Nakamoto introduced us to Bitcoin. Bitcoin hit the 10th of October at a time when the outlook was at its most bleak.. entered the year. Jimmy Song said this about his biggest event of 2018:

10. I think the anniversary is important.. There were some things about Bitcoin that I thought people sometimes underestimated. It’s great to have a proven presence over time, and more people will come to the market because of it.

Paul Veradittakit: “The important thing is that we’re basically going to launch Bakkt. was to announce it.”

Paul Veradittakit believes Bakkt is the biggest event of the year. Paul is a partner at Pantera Capital, a crypto VC firm that has invested in over 70 crypto startups. These initiatives are; Includes Abra, Bitstamp, Earn, Ripple, Shapeshift, 0x and OmiseGo. Regarding Bitcoin and the market, Paul Veradittakit said:

I think an important event was basically announcing the launch of Bakkt. I think this is important because if we want to see prices go up, I believe institutions will be a big part of that.