VC Fred Wilson: There Will Be Signs Of Life In Crypto Land 2019

Popular venture capitalist Fred Wilson believes that 2019 will be a year in which investors should be more cautious since the crypto markets won’t be a ‘’safe haven’’. We find out more about his prediction in our altcoin news of today.

Wilson believes that the US could see a replacement in the next presidential election which will affect the entire economy and the capital markets but:

 “There will be signs of life in crypto land in 2019.”

According to him, the US equity capital markets are on shaky ground. The markets are experiencing higher rates which are showing that the economy could be weaker in 2019. He also expects the S&P 500 to drop massively and for the interest rate hikes to be transferred to the consumer and business lending:

 “When it gets more expensive to borrow, marginal projects don’t get funded. And what happens at the margin has a much larger impact on the economy than most people understand.”

On the other hand with Brexit happening, the European businesses will also be on the defensive line and the trading tensions between China and the US will still remain a question mark.

Wilson expects that 2019 will still be a ‘’solid year’’ for the tech companies and for all the startups because we are striving for an ‘’information economy rather than an industrial one.’’

He said:

 “I think we are in the process of finding the bottom on the large, liquid, and lasting crypto-tokens. But I think that process could take much of 2019 to play out.”

According to him, in order for the crypto market to succeed there should be many new projects that will be delivered in 2019 including the projects from his own portfolio such as Filecoin, Protocol Labs and Algorand Project. He did, however, point out that the crypto is still not a ‘’safe haven from the stock market downturn.’’