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 explanations1. 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.