Crypto Corner: Interview with Gath3r Founder and CEO Raghav Jerath; @Gath3r_io
December 10th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - December 10, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
Interview with Gath3r Founder and CEO Raghav Jerath
Stocks discussed: (NasdaqGS:NDAQ)
Investorideas.com recently spoke with Raghav Jerath, founder and CEO of Gath3r, about the state of the crypto market and the increasing interest coming from institutional players in the space.
At press time, CoinMarketCap indicates that total market capitalization is sitting at $111 billion USD. This is long way from the peak of about $830 billion seen less than a year ago in January. Jerath does not view the performance of the market this year, or the most recent downtrend witnessed in the past few weeks, as being any special cause for concern. He highlighted the seeming tumult that has characterized the market, in particular the flagship cryptoasset Bitcoin (BTC), to indicate that downtrends are not without precedent.
"This isn't the first and it's not going to be the last downtrend, and it's not going to be the last bump in the road," he said. "This is just a small hiccup. It was needed, this type of correction. If you look at the history of Bitcoin, specifically Bitcoin's price over the last five, six or seven years - it has had major corrections of 80 to 90 percent. So, it's nothing crazy or unusually out of order."
Jerath emphasized the important developments that are taking place with regulation, development and adoption as indicators that crypto is a lot healthier than many naysayers would have us believe.
"There's a lot of positive things happening in the space," he said. "Technology is evolving, we're seeing further adoption and most importantly we're seeing a friendlier regulatory stance coming about from multiple nations."
Jerath also highlighted the interest shown by the likes of Nasdaq (NasdaqGS:NDAQ) as being a sign that the crypto space is becoming more legitimate.
"If you're seeing institutional investors, or at least the gatekeeper for them, showing interest - it's a very positive sign," he said. "When you're seeing institutional players such as Nasdaq … coming in, it shows that there's a high amount of interest from very sophisticated players looking to enter the market because they see the potential clearly. That does two things. One, of course there's going to be major effects on the actual price of cryptoassets, and then it's going to fuel adoption."
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