Cryptocurrency industry has undergone a fundamental change. A number of leading opinion leaders in the cryptocurrency and blockchain industries have made comments this week about the state of the industry.
So, billionaire Tim Draper spoke on CNBC, said he witnessed the Internet boom, and now sees a bitcoin boom. He is confident that we are not talking about a financial “bubble”, and he does not abandon the forecast that the cryptocurrency will eventually rise in price to $ 250,000.
According to the expert, such growth will correlate with the pace of technological innovations associated with the blockchain , smart contracts and digital assets: “we see a“ sea of changes ”in many industries thanks to these phenomena.”
Draper is also convinced that key changes in Internet user preferences will occur. So, he is not sure that such a social network as Facebook will survive in the new technological world, even despite his desire to “make friends” with the blockchain.
Draper's opinion echoes how entrepreneur and investor Barry Zilbert sees the situation on the cryptocurrency market. As he said , the current rise of Bitcoin to $ 8000 has nothing to do with the state of the environment kriptovalyutnoy, which was in December 2017, when the market went out for a variety of digital assets at historical highs.
The fact is that fundamentally changed the fundamental conditions. A significant leap forward was made by the cryptocurrency trading infrastructure, including the emergence of various types of reliable storage of cryptocurrencies. According to him:
“At present, we can only talk about the speed of the arrival of huge amounts of money from individuals and companies to the cryptocurrency market: the fact that new players are emerging, including from among institutional institutions, is already an absolute fact.”
Draper and Silbert are supported by Anthony Pompiano, who, in addition to these changes in the market, reminded us that bitching bitcoin is waiting for us, when in less than a year the remuneration for each block created in the Bitcoin (BTC) network will decrease by half.
Imagine if it was cut in half forever. Bankers would be FOMOing even though USD isn't a scarce asset.
Bitcoin assets in the world.
I can't wait.
– Pomp ? (@APompliano) May 22, 2019
This event will be akin to if the US Federal Reserve would have halved the issue of the dollar – that is, Pompiano is expecting that as demand for dollars in this case would rise sharply with its rate, so similar events await us with Bitcoin, which in the end, most altcoins will pull up.
Publication date 25/05/2019
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