- By Pierre-Alexandre
January 16th, 2019
Gaborc Gurbacs is the digital asset strategist/director at VanEck/MVIS. During a #Tradetalk session on Nasdaq tv, Gaborc explains why he expects the crypto market to get more structured in 2019, in particular from mergers and acquisitions.
Crypto 2.0 products are now paving the way to the next steps of the cryptocurrency economy, with new services such as futures contracts and crypto ETF. The digital asset market is becoming most robust and developed, with a particular attention to new custody and surveillance program.
Gaborc explains that most of the investors want to invest conveniently in a system they are used to. They are seeking for a solution that makes it easier to invest. According to Gaborc, crypto companies will merge and raise capital together.
Financial services companies will acquire crypto companies to increase their offering, and we could see the first IPO with a filing that could probably come from Asia.
Gabor gives his big picture: "it starts with payments". Digital assets need to succeed with digital asset payments at the front. Gaborc gives the example that Mastercard just announced they will drop the card from their logo to better embrace the transition toward digital assets.
Gaborc also recommends to follow some sovereign nations that are moving toward national cryptocurrencies, such as Russia, Venezuela and Canada.
#Cryptocurrency is looking at slow & steady progress in 2019:— Nasdaq (@Nasdaq) January 16, 2019
◻ Improved robustness of #crypto markets
◻ Advances in surveillance
◻ Developments in #crypto 2.0 products
- @vaneck_us @MVISIndices @gaborgurbacs & @JillMalandrino on #TradeTalks: https://t.co/1mS0XFr7Od