{"id":227691,"date":"2021-04-15T19:50:00","date_gmt":"2021-04-15T16:50:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-for-the-long-term-whats-the-outlook\/"},"modified":"2021-04-15T19:50:00","modified_gmt":"2021-04-15T16:50:00","slug":"crypto-for-the-long-term-whats-the-outlook","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-for-the-long-term-whats-the-outlook\/","title":{"rendered":"#\n  Crypto for the long term: what\u2019s the outlook?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23d28c4d3ba\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23d28c4d3ba\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-for-the-long-term-whats-the-outlook\/#It_hasnt_proven_itself_as_an_actual_currency_yet_but_its_still_in_what_one_expert_calls_the_%E2%80%98innovator_stage\" >It hasn\u2019t proven itself as an actual currency yet, but it\u2019s still in what one expert calls the \u2018innovator\u2019 stage<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-for-the-long-term-whats-the-outlook\/#Andrea_Riquier\" >Andrea Riquier<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Crypto for the long term: what\u2019s the outlook?<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"It_hasnt_proven_itself_as_an_actual_currency_yet_but_its_still_in_what_one_expert_calls_the_%E2%80%98innovator_stage\"><\/span>\n  It hasn\u2019t proven itself as an actual currency yet, but it\u2019s still in what one expert calls the \u2018innovator\u2019 stage<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div class=\"cx--next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000233772\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       As cryptocurrencies take a big step into adulthood this week with the trading debut of broker Coinbase on Nasdaq, it may be time to consider their long-term outlook. A pair of financial-markets experts weighed in on that question at the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/events.marketwatch.com\/crypto\/home\" class=\"icon none\">MarketWatch-Barron\u2019s event<\/a> Investing In Crypto, held Wednesday.<\/p>\n<p> Katie Stockton, a market technician and founder of Fairlead Strategies, noted that technical analysis shows a trend that\u2019s \u201cclearly higher\u201d for the price of Bitcoin<br \/>\n        BTCUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/31322028\/realtime\" class=\"positive\">+0.54%<\/bg-quote><span>.<\/span><br \/>\n       In hindsight, we can see that the lows in 2018 and 2020 served as a massive double bottom, she noted.<\/p>\n<div class=\"paywall\">\n       After taking out its 2017 high, Bitcoin jumped above $34,000, and \u201chasn\u2019t looked back since then,\u201d Stockton said. New all-time highs are a good thing in the long term, she said, and the minor breakout is a good thing, short-term, suggesting a measured move up to just over $69,000. However, the loss of upside momentum means the uptrend should become more gradual.<\/p>\n<p>Bryan Routledge, a professor of finance at the Tepper School of Business of Carnegie Mellon University, noted that cryptocurrencies have several use cases. Most importantly, they represent an investment in a new <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, and one that has important implications for the economy in the future. \u00a0<\/p>\n<p>That\u2019s h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened before \u2014 think of the dot-com bubble of two decades ago, Routledge said. But now, investing in the new technology has <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly not involved investing in a new company but buying a new asset.<\/p>\n<p>In the analogy to the dot-com era, there are lots of failed companies, he noted. As of now, one of the use cases often discussed for cryptos \u2014 as literal currencies \u2014 hasn\u2019t really come to pass yet.<\/p>\n<p><strong>See also:<\/strong> This new ETF gets you access to the backbone of the crypto world<\/p>\n<p>Bitcoin is often compared to gold for fundamental reasons, but there are some technical ones as well, the moderator commented.<\/p>\n<p>Since last August, when gold peaked and Bitcoin broke out, gold has been down six out of seven months, while Bitcoin has been higher in six out of seven months, Stockton said. She theorizes that Bitcoin might be viewed as a store of value now, while gold hasn\u2019t been helped by a stronger risk-on attitude in the markets.<\/p>\n<p>The steep uptrend suggests Bitcoin is more of a risk asset, for now, but it seems to be stealing buyers from gold, Stockton noted. From the perspective of the hedge fund community, it\u2019s a \u201cwelcome\u201d alternative asset class, she said.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>With that in mind, it\u2019s still early days for Bitcoin and cryptocurrencies more broadly, Stockton said. \u201cI think we\u2019re probably still in the \u2018innovator\u2019 stage, which represents \u00a0opportunity, but it does often come with volatility.\u201d <\/p>\n<p>It\u2019s hard to forecast when the volatility will die down, she said, but \u201cit will probably take a long time for this new asset class to play out, for people to understand what it is and find different ways to invest in it and for it to become a medium of exchange. Traders would say it\u2019s something they can take advantage of,\u201d even as long-term investors have to hold their stomachs through the chop.<\/p>\n<p>Bitcoin was meant to be decentralized but the financial industry that\u2019s grown up around it makes it more centralized, a moderator observed. It\u2019s \u201cstunningly\u201d centralized, Routledge agreed. People usually aren\u2019t buying bitcoins, they\u2019re buying liabilities often run through Coinbase or other go-betweens, he noted.<\/p>\n<p><strong>Read next: <\/strong>It\u2019s time for a bitcoin ETF, Jan van Eck and Som Seif say<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Andrea Riquier\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Andrea_Riquier\"><\/span>Andrea Riquier<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D3912C309518%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Crypto for the long term: what\u2019s the outlook? &#8221; It hasn\u2019t proven itself as an actual currency yet, but it\u2019s still in what one expert calls the \u2018innovator\u2019 stage As cryptocurrencies take a big step into adulthood this week with the trading debut of broker Coinbase on Nasdaq, it may be time to consider&#8230;<\/p>\n","protected":false},"author":1,"featured_media":227692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-227691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/227691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=227691"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/227691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/227692"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=227691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=227691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=227691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}