[2015-10.24] Barry Silbert on Bitcoin’s Future: “The BTC Price Will be Higher"

[LiteCoinGuy]

Barry Silbert on Bitcoin’s Future: “The Bitcoin Price Will be Higher”

The Digital Currency Group (DCG), a company founded and led by Barry Silbert, held an investor day in Palo Alto, California, where companies could demo their products to investors in the Bitcoin and blockchain space.

https://bitcoinmagazine.com/articles/bary-silbert-on-bitcoin-s-future-the-bitcoin-price-will-be-higher-1445624260



not a very visionary prediction but some people here might be interested in the article 

[gianbtc]

People are starting to understand what bitcoin is, and they aint afraid of it no more, they start using it, more companies are adopting it daily; thats what makes the BTC price go up in my opinion.

[RustyNomad]

And to the moon we go.....

Tyler Durden, the pseudonymous Zero Hedge author, has offered a belief that the fear of capital controls in China could push bitcoin into a bubble like never seen before.
“If a few hundred million Chinese decide that the time has come to use bitcoin as the capital controls bypassing currency of choice, and decide to invest even a tiny fraction of the $22 trillion in Chinese deposits … in bitcoin (whose total market cap at last check was just over $3 billion), sit back and watch as we witness of the second coming of bitcoin, one which could make the previous all-time highs in the digital currency, seems [sic] like a low print.”

One only have to look at how the Chinese markets went to the moon during this year to understand the effect it can have on bitcoin should the above play out. Yes the markets did tumble, recover, tumble etc.. but its clear what effect a couple of million chinese people can have on a market so its more than possible that the largest push might just come from the east.

Better get stocked up on bitcoin sooner than later. I don't think we have that much time left before we start heading back to the 4 digit prices for bitcoin.

[eyeknock]

I don't think we have that much time left before we start heading back to the 4 digit prices for bitcoin.

thats the wish of lot of bitcoiners, yes?

btw, maybe you are in truth, i was expecting that he price will grow up before the halving, like most of us ofc  but seems like "this event has been brought forward", maybe this is just an small raise on the price, before the true raise comes few months before the halving.

in any case, things are going better everyday

[gentlemand]

I think Mr. Silbert should just stay quiet on the subject of price and beaver away in the background. It doesn't really do him many favours. Actions speak louder than words.

[dothebeats]

And to the moon we go.....

Tyler Durden, the pseudonymous Zero Hedge author, has offered a belief that the fear of capital controls in China could push bitcoin into a bubble like never seen before.
“If a few hundred million Chinese decide that the time has come to use bitcoin as the capital controls bypassing currency of choice, and decide to invest even a tiny fraction of the $22 trillion in Chinese deposits … in bitcoin (whose total market cap at last check was just over $3 billion), sit back and watch as we witness of the second coming of bitcoin, one which could make the previous all-time highs in the digital currency, seems [sic] like a low print.”

One only have to look at how the Chinese markets went to the moon during this year to understand the effect it can have on bitcoin should the above play out. Yes the markets did tumble, recover, tumble etc.. but its clear what effect a couple of million chinese people can have on a market so its more than possible that the largest push might just come from the east.

Better get stocked up on bitcoin sooner than later. I don't think we have that much time left before we start heading back to the 4 digit prices for bitcoin.

Finally, people are starting to get the grasp of bitcoin and are starting to realize that bitcoin would do them good. This could drive the price further, with stability (I hope) this time and not just another bubble.