Venture capital investor Fred Wilson suggested that cryptocurrency will not be a safe haven in 2019 amid a “weakening” economy, according to a blog post published Jan. 1.
I read this text that he published (yes is a very long text):
I think we are in the process of finding the bottom on the large, liquid, and lasting crypto-tokens. But I think that process could take much of 2019 to play out. I expect we will see some bullish runs, followed by selling pressures taking us back to retest the lows. I think this bottoming out process will end sometime in 2019 and we will slowly enter a new bullish phase in crypto.
and from what I noticed he seemed more rational and optimistic about the future and I do not understand why these news channels are put this "
cryptocurrency will not be a safe haven in 2019 amid a "weakening" economy ". Is it that I did not read it right or our news channels are misreading his post?
I think you've read it right, and even Cointelegraph is saying the following in the very article:
According to Wilson, stablecoins will see significant progress and consumer adoption this year, along with non-fungible tokens, cryptogaming, and earn and spending opportunities.
but they have chosen (and not for the first time ever) to put a clickbaity and FUDdy title to their article. I don't know if they are aware of this, but in many cases it is the title is what sticks to the minds of the readers. So, creating such titles (especially when they are misleading like in this particular case) is a poor service to the crypto world in general.
