New York-based research company Fundstrat Global Advisors released its 2019 cryptocurrency growth outlook on Friday, Feb. 8.

The report conclusions were tweeted by Tom Lee, Fundstrat’s co-founder and, pro-crypto Wall Street analyst. In his tweet he posted an introduction to the study and a summary of key evaluation factors.

“We see 9 incremental improvements in the landscape that ultimately support higher prices” Thomas Lee Tweet

In the opening introduction of the ‘ fundstrat ‘ report, it states that 2018 was a disappointing year for crypto. A year where negative headwinds such as ICO post-hangover and, unfavorable regulatory developments as a result have offset some of the positive developments undertaken in 2018.

Developments in reference are lightning network to scale bitcoin transactions, exchange expansions and continued growth in registered wallets.

However, 2019 can be the exact opposite. As a result of the above-described developments, 2019 will show signs of recovery.

Cryptocurrency growth will be driven by new adoption. Therefore, improvements in use case will drive network value. The report continues to say 2019 will not be a breakout year for mainstream adoption but expects by end of 2019 a visible price recovery.

Key takeaways from the evaluation report:

Based on evaluation parameters affecting cryptocurrency valuation, the growth outlook in 2019 seems more positive.

The report names the expected weakening of the United States dollar as the first reason for the Bitcoin price recovery. Considering the rising U.S. debt, the U.S. dollar may have sooner or later mid-term effect on dollar valuation making it less attractive.

The analysts also expect an increased inflow of fiat in crypto from institutional investors. Also from the fact exchanges adding credit card payments options will make crypto buying more accessible. These combinations will build a positive influence on driving Bitcoin price.

Moreover, Fundstrat also expects a shift in SEC stands on cryptocurrencies from negative to more towards a neutral attitude.

Recently Hester Peirce, the commissioner of the Securities and Exchange Commission, confessed that the regulator turns a blind eye toward companies and developments in the cryptocurrency sector, therefore suggest that the SEC should not rush into enforcing regulations.

Complete report enclosed:

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