Investment Saxo Bank is optimistic about the next three months and predicts a cryptocurrency recovery.

Positive expectations despite setbacks 

The Saxo Bank issued a 35-page quarterly AAEAAQAAAAAAAAimAAAAJDg4YWE5NjQxLTMyYjQtNDlkMy04NTFhLTczMWZmNjk2ZjQ2Mg - Saxo Bank Predicts Early Cryptocurrency Recoveryreport. In it, recently hired cryptanalyst Jacob Pouncey raised concerns about digital currencies in the first quarter of the fiscal year. Taking into account several factors, he believes that the next three months can be a period of a breakthrough for digital assets that can cause a bull market.

“Cryptocurrencies fell back to earth with a bang in the first months of this year, having enjoyed exponential growth in 2017. The situation remains fragile, given the outlook for increased regulation and social media advertising bans.”

“That said, we can’t rule out the possibility of a comeback”

says Jacob.

Saxo based in Copenhagen and its products include online trading in futures, funds, bonds, CFDs, stocks and even foreign currency. It usually serves more than 100 institutional and traditional financial companies around the world. The daily turnover of the bank is 12 billion US dollars, serving customers in 180 countries.

The reasons for the future growth of the cryptocurrency market

An optimistic report of the chief analyst of the crypto sector can attract the attention of circle acquires poloniex e1519700691143 300x150 - Saxo Bank Predicts Early Cryptocurrency Recoveryinstitutional investors. Jacob explains: “The market has seen several acquisitions of crypto exchanges from financial firms such as Goldman Sachs backed Circle acquiring Poloniex, Monex Group acquiring Coincheck, and Yahoo Japan buying a 40% stake in Bitarg Exchange Tokyo.” Also, crypto exchanges, such as Coinbase, were able to recruit real talents from Silicon Valley, and they are in key management positions. These steps seem to be ready to affect the surge in prices.

Jacobs concludes: “several events could serve as springboards for a cryptocurrency bull market in Q2, whether it is through fundamental drivers, or it is just a self-fulfilling prophecy. In my opinion, we will eventually see the end of the current, negative cryptocurrency cycle, as many of the weak hands have been shaken out by the bear market, and the remaining investors are on the ready to latch onto any good news after the bad start this year

many of the weak hands have been shaken out by the bear market and the remaining investors are on the ready to latch onto any good news

after the bad start this year. ”

Institutional capital can push the cryptocurrency recovery 

Many professional financial gurus expect that a light credit market will run out in the coming months as a hedge against inflation. This could mean that


These are “assets that lie outside the reach of the traditional financial system in which cryptocurrencies are a potential alternative,” Jacobs insists. “Historically, many of the blue-chip cryptocurrencies have seen price increases in the face of global uncertainty and inflow of institutional capital to the cryptocurrency market due to the increase in regulation and investor protection could lead cryptocurrencies to a positive quarter.”

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