Many Institutional Investors Will Enter The Crypto Space In 2019, Says PwC FinTech Lead

News | January 6, 2019 By:

Henri Arslanian, FinTech and crypto leader for Asia at PricewaterhouseCoopers (PwC), said that despite the current downward crypto market movement, he expects “exciting things” for the crypto industry in 2019.

During an interview with Bloomberg, Arslanian talked about the outlook for the cryptocurrency markets in 2019. Arslanian predicted that many institutional players will enter the crypto industry next year.

“In 2018, we saw a lot of the big players entering the space,” said Arslanian. “In 2019, I expect even more players to enter into the sector as well, especially in different ways. Some of them may decide to launch their solutions, others may look to partner with crypto firms, and others might look to invest in crypto companies.”

Arslanian also said that he expects the next year to be different from 2018 because of the increasing regulatory clarity.

“If you look at 2018, a number of jurisdictions provided more regulatory clarity than we had before,” Arslanian said. “Countries from Hong Kong to Switzerland from Gibraltar to Malta. And I expect many of those to take place as well in 2019, and that will give more comfort to some of these – not only institutional investors – but institutional players as well.”

He also expects stablecoins and security tokens backed by real, live assets to rise in 2019.

“For example, real estate. In those areas it allows us to bring liquidity in a space where, especially for large real estate projects, there’s not that much liquidity,” Arslanian said. “But also, it allows us to streamline a lot of the corporate action and dividends, and that is actually very exciting and should help the broader sector.”