Juniper Research Warns Crypto Markets “On the Brink of Implosion”

Results of a recent comprehensive report on cryptocurrency markets have led researchers at the digitech markets intelligence firm Juniper Research to the conclusion that crypto markets are “on the brink of implosion.”

Bitcoinist.com obtained a copy of the report (which sells for £1250) and relayed findings from Juniper showing that both the value and volume of Bitcoin transactions have been in substantial decline since the market peak of December 2017:

“According to the study, daily Bitcoin (BTC) $6562.66 +0.06% transaction volume fell from 360,000 in late 2017 to just 230,000 daily transactions as of September 2018. At the same time, the value of these daily transactions also fell from $3.7 billion to less than $670 million and the pace of cryptocurrency transactions within the entire market contracted from $1.4 trillion in Q1 of 2017 to less than $1.7 trillion for the entire year.”

As well, the report anticipates further declines in the value of Bitcoin transactions:

“Based on activity during the first half of Q3, Juniper estimates a further 47 percent quarter-on-quarter drop in transaction values.”

According to Bitcoinist.com, “The Future of Cryptocurrency: Bitcoin & Altcoin Trends & Challenges 2018-2023” also found that geopolitical upsets were failing to enhance the market value of Bitcoin, which has been likened to digital gold:

“…The cryptocurrency market failed to rally amongst tense geopolitical events such as the U.S. – China trade war and Brexit-related issues.”

Bitcoinist also reported that Juniper analysts expressed additional concerns about “‘unorthodox’ operating practices of many exchanges” as well as questions about the “innate valuation of Bitcoin.”

Bitcoin advocates such as Saifedean Ammous have argued that Bitcoin’s innate value lies in its ability to act as “sound money” that can be autonomously managed by holders and is backed by an important deflationary monetary policy of limited supply.

According to the the Juniper Research website, their latest report for analysts of crypto markets also provides:

  • “an extensive evaluation of the cryptocurrency ecosystem, focusing on mining, exchanges, payment processors and wallet providers”
  • “analysis of pricing and market capitalisation trends”
  • “assessment of regulatory developments across key markets including the US, China, Japan and Europe”
  • “cryptocurrency Exchange Positioning Index covering 14 leading cryptocurrency exchanges”

Bibox, Binance, Bitfinex, BitForex, Bithumb, BitMEX, Coinbase, CoinEx, DOBI trade, HitBTC, Huobi, Kraken, OKEx, and ZB.COM are, “included in cryptocurrency exchange positioning index.”

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