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

MASTERS COMPANY Anycoin Direct is a Dutch cryptocurrency service, which has been targeting the European market since 2013. To MASTERS, the company tells how crypto has developed over the years and whether we can look positively to the future of crypto.Text: Patrick Stoffer & Anycoin Direct2021 has been an important year for crypto. Many coins made technological progress and flourished regarding market value. In addition, major institutions started investing in various crypto and financial companies such as PayPal are making it possible to pay with Bitcoin. But the industry is still in its infancy and is constantly evolving. It is difficult to predict where it will go in the long run. Still, Anycoin Direct provides a cautious forecast in this article.

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

Anno 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 the one in 2018? That seems unlikely.

The hype in 2017 came mainly from individual investors rushing to invest in crypto. This time the situation is different, as slowly but surely (financial) organizations are embracing crypto. In addition, Bitcoin and investing Bitcoin are being widely promoted by institutional companies. Think of companies like JP Morgan, PayPal and Square.

Many large companies are not just sticking to (under)backing Bitcoin. More and more institutions are beginning to devote part of their investment portfolio to Bitcoins. This is slowly contributing to the gradual stabilization of the currency and the crypto market. In addition, it acts as motivation for individual investors to HODL their crypto currencies and continue to trade.

Obviously, the crypto market is more volatile than the usual stock market. Both the potential gains, and risks are higher. Therefore, you should always do proper research before you start investing in any of these currencies. Nonetheless, the entire crypto market is making great strides, in terms of both technology, security and usability. For this reason, they at Anycoin Direct see the future of crypto as bright.

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