CNBC: 2018 Bear Market “Opportune” For Crypto Merger & Acquisition4.4

Cryptocurrency–The ongoing bear cycle for the cryptocurrency markets throughout 2018, which have seen the steady erosion of over $600 billion in market capitalization, have provided “opportune” conditions for a subset of companies and investors.

According to a report out of CNBC published on Oct 18, not only have cryptocurrency deal makers managed to thrive as coin prices plummet but they have also found opportunity to capitalize on the bear market in the form of merger and acquisition. While Bitcoin prices have fallen 54 percent on the year, merger and acquisition activity for cryptocurrency companies has more than doubled during that time, according to data from PitchBook and JMP Securities. Chief among the drivers of merger and acquisition is a relative “land grab” for new blockchain and crypto technology, with the access to new markets such as those in the developing world and parts of South America being particularly attractive, as well as the high demand for talented employees in the growing space–one that is only now being caught up on in terms of training through traditional finance routes and educational institutions.

Original source
https://ethereumworldnews.com/cryptocurrency-merger-acquisition-2018/

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