Crypto experts have been saying that after the bearish 2018 when the crypto market fell the hardest, 2019 will be the year of Bitcoin adoption.
There are a few reasons that have been keeping crypto just around the corner from mainstream adoption, and these include poor regulation, lack of trust from people, hacks and more.
But there are enough hints that Bitcoin is currently on the right track towards mainstream adoption.
There are enough viable catalysts that could trigger adoption rather sooner than later.
Bitcoin (BTC) adoption has been reportedly intensifying lately, and 2019 has just begun.
This is a great sign, and it comes to validate the 2018 predictions which were suggesting that we’ll probably witness mass adoption of Bitcoin and crypto this year.
JP Morgan analyst is also bullish on Bitcoin
CNBC reports that JP Morgan analyst Nikolaos Panigirtzoglou changed his mind from back in December when he made quite a bearish prediction involving Bitcoin.
Now he believes that more institutional investors will give it a go in the crypto space and this is due to the current stability of the market, according to UToday.
Panigirtzoglou said that the bubble phase seems to be behind us and this is a positive sign for potential big investors.
He agrees that mass adoption for crypto is on its way and sees the main catalyst for this, the blockchain technology which has more and more use cases in the real world.
On the other hand, he said that people have to be patient because mass adoption will not be coming overnight and he also agreed that regulatory uncertainty is the main issue for which things are not moving faster these days.
Wyoming makes moves towards mass adoption
Wyoming seems to be on its way of setting what will probably be the most critical milestone in the crypto space.
The state might set a precedent on its way to getting closer to recognizing crypto as fiat money.