Gabor Gurbacs, the digital asset strategist and director at VanEck/MVIS spoke about the year how cryptocurrencies and the companies that revolve around digital assets will evolve in the year 2019 with Jill Malandrino at Nasdaq Trade Talks.
Gabor Gurbacs said that he expects 2019 to be slow and steady for cryptocurrencies in terms of the progress. He said that he was monitoring three areas in cryptocurrencies which were Market structure development, Merger and Acquisition, and a few big-picture developments.
“From the market structure development, I would expect the market structure to become more robust and developed in 2019 and paying particular attention to custody, surveillance program, and developments in crypto 2.0 products such as ‘Futures contracts’ and ‘ETF’”
He continued that investors would not accept “cutting corners” in digital asset sector and that the investors expect large custodians to come into the market. Moreover, he said that most of the investors want to invest conveniently just like they do in the traditional markets.
Moving to his next point, Mergers and Acquisition [M&A], Gurbacs said that he was looking closely at the M&A for the year 2019 where cryptocurrency companies will come together for what he calls “mergers of equals” to achieve a single goal and maybe raise capital together.
Furthermore, Gurbacs said:
“For our audience, the acquisition front will see a number of financial services companies and large tech companies to acquire digital asset companies to increase their offerings. Overall the IPO channel will widen and in 2019 we may see a potential large IPO.”
He said that digital assets would die if they fail as payment methods, but he continued that the improvements that these digital assets have done to the traditional markets looked promising so far.