Bitcoin Forum

Expect 2017 to be a very good year for Bitcoin’s price. That’s according to prominent Bitcoin investor Barry Silbert, who shared his ten predictions for the upcomming year.

1. Bitcoin price on 12/31/2017 will be “higher”

2. Micropayment models materialize

3. First >$50 mm M&A transaction

4. SEC comes down hard on ICOs

5. Identity solution competition heats up…but no leader emerges

6. Explosion of blockchain POCs focusing on supply chain

7. Exponential Bitcoin transaction growth in India, Japan & Middle East

8. Cross border payments/remittances using Bitcoin will hit $1 billion run rate

9. Bitcoin becomes more accessible to retail and institutional investors via ETF(s)

10. Bitcoin as a store-of-value reemerges as a key theme


Read full list and explanations (https://news.bitcoin.com/barry-silbert-bitcoin-predictions-2017/)

I would especially be interested in point 4! Hopefully they will have a very close look on the DAO!
About the ETFs I don't know. Still possible that for instance the COIN ETF by Winkle Bros gets rejected!
All the other points are more obvious to me if you follow the news on a regular basis.Nothing special about that Shillbert naming it.

Those predictions are pretty conservative. Everyone knows the price will be "higher", but it seems he no longer wants to risk it by saying exactly how much it will be worth, so higher is pretty lazy. The rest are decent predictions.

I think Kim Dotcom will make a great job with Bitcache+MU2 and right now the idea is underrated.

All sounds good to me, think i will buy a few more on the next down wave....... if there is on lol  ;D

It is too difficult to put an exact price because there are so many things that can influence the growth in both ways. A major exchange hack, global adoptation, governments going hard against or in favor of bitcoin, etc.

Will be interesting to see what will happen to the ICOs. Many of them are not hosted in the USA and many of the participants are non US citizens also, so the SEC will not be able to do this alone. Also, more and more ICOs are getting legal advise before they start to make sure they don't gat hammered by the SEC.

I consider his idea is over speculated by public and he have also made big claims but i don't think price will pump hard like kim have claimed after they release bitcache within next year. Market competition on cloud storage services is quite high right now so MU2 may not see same success like MU have got in past.

However with such good buy support bitcoin is getting lately even after bitfinex got stolen, price may touch new ATH within end of next year which may further get stabalized by new investors getting interested in bitcoin after seeing such huge price jump within a year time.

Majority of the points given by him would stand to be true provided the government is with the technology, else this will flatter just in case say China government starts to avoid this blockchain then what will heave the after effects we all know. This points will stand true only wit the decision makers see the technology useful while framing their policies.

Well it's pretty broad and open statements.... stuff that was predicted in previous years prior to 2016. I would have hoped that he would have

some inside scope into something big, but I am disappointed... if that is all, then we will be in trouble. He forgot about some guy, making

some wild predictions for 2017 ---> Uhmmm..... give us a drum roll ....http://thenextweb.com/insider/2016/08/05/kim-dotcom-has-big-plans-for-cloud-storage-and-bitcoin-in-2017/

Also in 2017  ---> SegWit & Lightning Network will be in operation... Well we hope so.  ::)

Pretty conservative? They are plain stupid :P. Anyone could predict everything like that, thats just crazy.
I like nostradamus more... wait... i dont belive in this kind of stuff :P

These predictions are to be expected as Bitcoin grows in the future. I don't see any wild or crazy predictions out there but expansion and growth should be the goal of the cryptocurrency. With the price continuing to go up, I would not be surprised to see it reach 1000 US dollars per Bitcoin in 2017, something that hasn't been seen in three years. The price currently stands at $700 per Bitcoin and it is up $150 off its low in early August.

1. That shouldn't be a surprise. Atleast people will be able to invest in the coin

2. Micropayment models? This is pretty cool but this is just a direct way of payment in comparison to the barriers of ad networks currently have with regular currency.

3. This is pretty cool but this is just the same as #1 its expected with the growth

4. This really needed to happen, so much scammy stuff going on.

The other points are just as interesting also. It will be an interesting year for Bitcoin and other cryptocurrencies.

This doesn't really surprise me, and I can see a lot of the things on his list coming true in a realistic manner. While I think there is some stuff to be heard from bigger agencies to justify some of these predictions, I personally don't believe this is an inaccurate estimation for the future.

this is no surprise to me at all. i have had all these predictions long before Barry or others revealed theirs. it is also too late for predicting and all that stuff. bitcoin has already been going up and if anybody has not bought it yet, they have lost too many opportunities already.
predictions are only good if they come a while before the rise :)

Too much a speculation never makes a mistake but I guess this comes in this place with the word of speculation are just having 50:50 chance, but I just believe at some point and the another are like just make a just. we need more technical analysis about the every point.

The points, Barry Silbert made appear realistic to some extent but I guess that bitcoin transaction across borders should be more than 1 billion dollar in the year 2017 because even the current transaction should be somewhere around that amount. Over all, upcoming years are going to be very interesting, main stream of adoption might find a right path in mean times.

I agree, since there are many ICO's out there that has no clear platform and disappear with thousands of Bitcoins or more after the release.This is a good thing when SEC comes in, but it means also to regulate bitcoin? :)

it seems like whenever bitcoin is staring to rise and be more popular, everybody is also becoming a bitcoin expert and they start speculating about it.

don't get me wrong it is good to see all these positive speculation about bitcoin in public and in this size but it is just funny how they are silent when price is still low and stable :D

That is certainly true. But what is bad is if they are doing the speculation or give an opinion about the growth of the bitcoin..?? . This is not a matter of how they are to be a chameleon, but it's a matter of how we best contributing when bitcoin experiencing growth is good enough. because by the time the run bitcoin it will be very easy for us to give the best contribution so that the higher your bitcoin

I think the SEC looking into ICOs and exchanges is a sign that Bitcoin is really heating up.
Government bodies and regulators are starting to realize that crypto coins aren't just a bunch of kids messing around on the internet,
and that there is a lot of money being made here.

Whether more regulations are a good thing or a bad thing is a topic to discuss for sure.

what i meant to say was the only thing that i find interesting about these kinds of speculation that come at these particular point in time. these People like Barry Silbert usually do speculation like this when they see bitcoin is rising and they are sure about it.

it would have mattered to me if i heard this speculation back when price was struggling to break $600 not after it has broken $700 :D

1. Amazing prediction, bitcoin price will be higher. Genius.
2. Actually micro payment with bitcoin might be a bit troublesome - it is hard when you need to send 20 cents and half of it might be used as transaction fee.
3. We will see about that.
4. At least! I would really like that to happen. ICO project need to be evaluated in a deeply manner.
7. True. Especially Indian market looks really promising.
8. Bitcoin is not magical remittance solution.

Lol wow all of those are so useless. I predict that the price will be ±50% of where it is now and that some countries in ... oh let's say Europe will use bitcoins more. Not saying which ones, but you know the ones. (After I find out that Belgium is up 17% bitcoin users I'll say I was right).

Most of those predictions are not understandable for someone that is not a professional of economy as me.

Let's hope Barry is proven right with the majority of those predictions. We'll all be sitting pretty financially if so.

Mmm-hmm.  Yes, the predictions leave plenty of wiggle-room for him: it will be easy for him to say he was "right".

For me the value of reading such predictions from people who know more than I do is for the ideas...  To look at his imagination, to use your own, and then to decide for yourself.

My guess is that BTC will go up in its usual violently volatile way.  The prospects are good for BTC, barring some kind of fatal flaw.  Chinese investors sure like BTC.

The one i do believe that its very important its the change of the current situation of bitcoin, that isnt recognized neither an option investment like gold, soo the big fact that bitcoin may change its current status of risked and decentralized into store-of-value.

This will happen when people in the Bitcoin world realize that inflation of fiat currencies will happen sooner or later. In the back of people's minds Bitcoin has always been a store of value. Just look at how they treat it, they hardly spend anything using BTC and most of it goes to cold storage.

At least Silbert is trying to look smart behind this glassboard, wait ... where did I see that before?! Ah yes:

http://ichef-1.bbci.co.uk/news/660/cpsprodpb/413A/production/_89589661_a162925f-fa5c-49ad-a6e0-9d939b8bc497.jpg


Compare:

https://news.bitcoin.com/wp-content/uploads/2016/10/silbert-640x427.jpeg

 Okay that would be great but he hasn't mentioned what exactly the price would be higher than at next year's Christmas. Is it going to be higher than this year's Christmas value or is it going to be higher than the all time high value of $1250? I hope he means the latter  :D

Barry Shillbert will pump bitcoin! Ya!

Number 5 really worries me and I could see businesses pushing this down the masses throat in order to comply.
Just gauging off responses to some topics,its pretty clear people are willing to assimilate bitcoin for a higher price.
If I have to connect my identity to bitcoin it really serves no purpose for me as there is a reason I enjoy the privacy it offers.
Why can't these people find a different lane to pursue this idea with,instead of hijacking a established coin!

I am wondering when and where you have released those predictions that the SEC comes down hard on ICOs or explosion of blockchain POCs focusing on supply chain. Can not believe. Tell me and I will post your predictions instead of Barry's ones next time :)

FTFY. As soon as someone gets Bitcoin, they tend to save it. Like opposite to fiat.

I give away some bits now and then, encouraging people to use and experience Bitcoin. But they all consider it as an investment, especially when they see the fiat value rising. It is often the only 'investment' they have, and the threshold to get some gets lower by the day.

I don`t understand the first prediction.

What does he mean by "higher" price?The price can be higher with 1$ or

higher with 500$....

I can make the same prediction. ;D