Venture capital investor Fred Wilson advised that cryptocurrency won't be a secure haven in 2019 amid a “weakening” economy, as per a web log post revealed January. 1.

Wilson is an american venture capitalist and businessman, who has reportedly backed such firms as Twitter, Tumblr, Zynga, and Etsy. he's conjointly a founder of latest York-based capital firm Union square Ventures and an early digital currency capitalist.

In the blog post entitled “What is going to happen in 2019,” Wilson suggests that a variety of events together with a market in stocks, a “weakening” economy, and a few major problems with the world economy can make investors cautious of the startup sector. Wilson doesn't see cryptocurrencies as a secure haven, though he notes that “there are signs of life in crypto land in 2019.”

As for the impetus to the subsequent bullish phase, Wilson lists a number of “promises” made back in 2017. Among them, he notes mining software system project Filecoin from Protocol Labs, the blockchain-based payment project Algorand, and apparently a number of “next gen” smart contract platforms that may compete with Ethereum (ETH).

According to Wilson, stablecoins can see vital progress and consumer adoption this year, together with non-fungible tokens, cryptogaming, and earn and defrayal opportunities. Wilson more states:

“The area i'm most involved concerning are actions brought by misguided regulators who can position at high quality projects and harm them. and that we can still see all sorts of failures, from scams, hacks, failing projects, and losing investments be a drag on the arena.”

Moreover, Wilson believes that Donald Trump are impeached and removed from the White House by the end of 2019 following the report issued by Robert Mueller — the sixth Director of the Federal Bureau of Investigation (FBI) — that lays out an alleged history of illegitimate activities by President Trump and his electoral campaign.

In 2017, Wilson said that average investors ought to hold 3 to 5 % of their assets in cryptocurrency. He added that he himself had crypto investments amounting to around 5 % of his portfolio.

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