Nick: T, everyone wants to know one thing: How high are cryptos going in 2019?
Teeka: I can’t put an exact number on that. But let me tell you where the market has been and what I think will happen in 2019.
2017 was the year of individual greed. That year, we saw a massive bull market driven almost entirely by individuals. It wasn’t possible for most institutions to get into the crypto market then.
It was probably the first investment since the dot-com boom that individuals were able to get into—and profit from—before Wall Street did.
Then, 2018 was the year of individual fear… Fear, uncertainty, and doubt clouded the crypto markets.
We saw the markets pull back in a big way.
Traders feared governments would come in and shut down exchanges. We saw that in early 2018 when China announced it would shut down all exchanges in the country.