Influential investment bank Saxo released the 35 page, Q2 2018 Quarterly Outlook. In it, the bank’s newly hired Crypto Analyst, Jacob Pouncey, noted the perils of this year’s first financial quarter with regard to digital assets.
Taking into account several factors, he believes the next three months could be a breakout time for digital assets, holding the potential to trigger a bull market. Also read: German Cops Look Hard at Antics of ICO Savedroid After Ghost Prank The Danish bank, Saxo, forwarded its general outlook for 2018’s second set of three months.
Turning to cryptos, Mr. Pouncey prefaced, “Cryptocurrencies fell back to earth with a bang in the first months of this year, having enjoyed exponential growth in 2017. The situation remains fragile, given the outlook to increased regulation and social media advertising bans.
That said, we can’t rule out the possibility of a comeback.” Saxo is based in Copenhagen, and its products include online trading in futures spreads, funds, bonds, CFDs, stocks, and even a foreign exchange. It has the rare charter of being both a proper bank and a broker.
As such, it typically caters to institutional, legacy financial companies (more than 100 globally). Its European presence is well established, though it has exposure in the Middle East and Southeast Asia. Read more from news.bitcoin.com…
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