Gemini , a New York-based cryptocurrency exchange, made a significant hire recently as it named Mr Robert Cornish, the to its team. Gemini President Cameron Winklevoss told CNBC in an interview about this new addition to the team. This hire underscores the long-term and positive view that Gemini has for crypto, as many investors see the 2018 performance thus far, as a sign that the crypto-world has many uncertainties.
We at Classiarius share the view that 2018 is a tough year, as it is hard to deny this fact looking at price performance. However, we have, from the start made it clear that 2018 is a pivotal year in that the ongoing heists, accelerated number of ICOs, and heavy attention by regulators are weighing heavy on Bitcoin and other leaders but this is natural and welcomed. There have been more heists and even phony ICOs recently, again adding more weight on major currencies. Now, Bitcoin is 60 percent off its December high, and it has trouble recovering above the $10,000 level – a key inflection point.
Gemini now trades ether, Bitcoin, Zcash, Litecoin coming soon, and Bitcoin Cash.
I this piece on CNBC, Winklevoss suggests that there is a natural bull-bear battle going on while Fundstrat`s Tom Lee still sees Bitcoin soaring by the end of the year. From our viewpoint, the necessary period of regulatory pressure and pain is a fact of life that investors understand and they will wait for the FSA in Japan, and the SEC in the US (as well as others), to take control of these markets, making them safe for global investors. We lean to the Tom Lee view, wait for the next rally.
More importantly there are so many new technologies that will come to market in the coming years, and we are excited to see them and even invest in them. The internet started in 1993 to 1995, and so much happened in the following decade in terms of emerging firms and techonlogies. Like the internet back in 1995, blockchain and related technologies are in their infant stages.