6:04 PM ET Thu, 4 Jan 2018 Cryptocurrencies and the blockchain technology underlying them could become a $10 trillion market, RBC Capital Markets Mitch Steves says. Included on that list: A crash in the price of bitcoin, higher inflation and the threat of North Korea. The bitcoin craze could pose a real risk to the broader market next year, Deutsche Bank warned last week, ahead of the cryptocurrency s launch on futures exchanges, scheduled to take place Sunday. Itâs true, those people actually do exist. Specifically, questions persist around regulation of the cryptocurrency and transparency in what exactly investors hold, according to Deutsche s Slok. At this juncture, as the cryptocurrency has advanced quadruple digits this year, Slok said the markets have not correctly priced in the broader impact bitcoin could potentially have.
The future of bitcoin may be one in which Big Brother controls whatâs called âthe blockchainâ and decides when and how you can buy or sell anything and everything. Again, Iâm not telling anyone not to own cryptocurrencies, but I donât own any bitcoin and I donât recommend cryptos to investors. For convenience, I will refer to all cryptocurrencies here as âbitcoin bitcoin bear market. Torsten Slok, the firm s chief international economist, sent to clients a list of significant risks to the market in 2018. The fact is I actually donât like talking about bitcoin; itâs one of my least favorite topics bitcoin bear market. Itâs impossible to open a website, listen to a podcast or watch a video in the financial space without hearing about the meteoric rise in the price of bitcoin.
If you want to speculate in some of the other lesser-known cryptocurrencies, thatâs fine, too. â But you should understand that the analysis offered applies to the other cryptos as well. These are usually called the âblockchain,â but a more descriptive term now in wide use is âdistributed ledger technology,â or DLT.Walton.. There are hundreds in total with names like ether, dash, dogecoin and blackcoin. Regards,Could the market s new darling become its next black swan event. .