Anycoin Direct: "We will not experience the crypto crash of 2018 again"

MASTERS COMPANY Anycoin Direct is a Dutch cryptocurrency service that has focused on the European market since 2013. At M the company explains how crypto has developed over the years and whether we can look positively at the future of crypto.Text: Patrick Stoffer & Anycoin Direct2021 has been an important year for crypto. Many coins have made technological progress and flourished in market value. In addition, major institutions have started investing in various crypto and financial companies such as PayPal make it possible to pay with Bitcoin. But the industry is still in its infancy and is constantly evolving. It is difficult to predict where things will go in the long term. However, Anycoin Direct gives a cautious expectation in this article.

Before we look ahead, let's go back in time. In 2009, the very first cryptocurrency was developed, namely Bitcoin. Since then, things have gone fast in the crypto world. In 2017, the entire sector increased by hundreds of percent in market value. But in 2018 there was an entire market crash and most cryptocurrencies fell in value by up to 99%.

In 2021, many cryptos have recovered from the 2018 crash and Bitcoin has reached an all-time high of over €50.000. But will cryptocurrencies experience another crash like 2018? That doesn't seem plausible.

The hype in 2017 mainly came from individual investors rushing to invest in crypto. This time the situation is different, because slowly but surely (financial) organizations are embracing cryptos. In addition, there is large-scale promotion of Bitcoin and investing in Bitcoin at institutional companies. This includes companies such as JP Morgan, PayPal and Square.

Many large companies do not just stop at (supporting) Bitcoin. More and more institutions are starting to allocate part of their investment portfolio to Bitcoins. This slowly contributes to the gradual stabilization of the currency and the crypto market. Additionally, it acts as motivation for individual investors to HODL their cryptos and continue trading.

Naturally, the crypto market is more volatile than the usual stock market. Both the potential profits and risks are higher. That is why you should always do good research before you start investing in one of these currencies. Nevertheless, the entire crypto market is making significant strides, in terms of technology, security and user-friendliness. This is why they at Anycoin Direct see the future of crypto as bright.

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