Barry Silbert Reveals 10 Bitcoin Predictions for 2017

[Hazir]

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

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.

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[U2]

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).

[Greenenergy]

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

[LFC_Bitcoin]

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

[OROBTC]

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).

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.

[Doamader]

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.

[Wind_FURY]

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

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.

[AGD]

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




Compare:

[DimensionZ]

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

 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  

[Mokuton]

Barry Shillbert will pump bitcoin! Ya!

[Milkduds]

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!

[tyz]

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

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

[bitebits]

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

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.

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.

[davis196]

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

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.