RATE Group | Thomas Carter Predicts Trillion Dollar Cryptocurrency Market
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Thomas Carter Predicts Trillion Dollar Cryptocurrency Market

20 Feb Thomas Carter Predicts Trillion Dollar Cryptocurrency Market

Posted at 10:51h in Cryptocurrency News by

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Recently  Bitcoin led cryptocurrency markets to a market capitalization of  roughly $300 billion for the first time since August 2019. After two years of a crypto bear market, 2020 has opened on the upswing, according toThomas Carter.

In December of 2017, the overall market cap for cryptocurrency rose to $790 billion fueled by irrational exuberance for initial coin offerings or ICOs. As a blockchain based alternative venture funding method ICOs proved the case for blockchain’s ability to facilitate reliable peer-to-peer transactions.

Unfortunately, for many investors due to lack of vetting and regulatory oversight the majority of ICOs launched in 2017 failed to deliver on their promised yield.

It was during this period that fintech visionary Thomas Carter pivoted from launching his own ICO; to making a bet on the future of cryptocurrency. Carter, a capital markets veteran was an early adopter and evangelist for what eventually would become known as…

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