Good bye 2018, hello 2019! This year might not have been fair to cryptocurrencies, but optimism of industry leaders has still not waned. Let’s take a look on some of their predictions for the year coming ahead.
2018 is ending today, and starting from tomorrow there will be a new year with new optimism, new resolutions and new expectations. At this crucial point of time we look back and think about the year that is going, and start planning about the year that is coming. So when leaders of cryptocurrency space made predictions about 2019, it wasn’t surprising at all. Forbes Magazine collected those predictions together in one of its stories, and we thought that it will be a good idea to have a look at those predictions (especially because 2018 hasn’t been so great for cryptocurrencies).
So given below are the predictions of 6 cryptocurrency space leaders who’re known very well not just in the crypto community but also in the world of technology and business. Let’s have a look on them:
Tim Draper (American Venture Capitalist)
“I am sticking to my original prediction – Bitcoin will hit 250k by 2022.”
Ella Zhang (Head of Binance Labs)
“2019 will be an exciting year. We will see several great products shipped to market, especially from our Binance Labs incubation program, now taking place on five continents. The projects and teams who are focused on building and achieving product-market fit will bring more real use cases to our lives. This will open the gateway to the mass adoption of crypto.”
Changpeng Zhao (CEO of Binance)
“2018 was a tough year, but we have a longer term outlook for our industry. The builders have been building in 2018, so for 2019, I think we will see a lot of real products and real applications coming into the market.”
Justin Sun (TRON Founder and CEO)
“You’ll see blockchain companies with differentiated business models separating themselves from the pack. For the industry to mature and gain legitimacy, the 2018 shakeout had to happen. As you’ve seen with the rise of the internet, e-commerce and just about every other big-thought thing that’s happened in the last 50 years, the gold rush days come to an end, rules get created and people settle down to do real business. That’s why we’ve kept our focus, powered forward and invested in building our vision for the next iteration of the web. For TRON, 2019 will be a year of many innovations. We’re the largest decentralized content ecosystem in the world, and 2019 will be about showing people what that means. We’re beginning the year with our first summit, in San Francisco, where we’ll reveal big details about how we plan to integrate blockchain with BitTorrent’s peer-to-peer technology. And we’ll follow that by offering our 100 million monthly BitTorrent users incentives to create and share more freely and often, delivering an economy of goods and services within the network.”
Brock Pierce (Bitcoin Foundation Chairman)
“A quadrillion dollar market is unfolding, driven by the emergence of security tokens. As currencies are tokenized, as bonds are tokenized, as equities are tokenized, as currencies and real estate and energy are tokenized — We are watching the birth of a quadrillion-dollar market. Also, Qualified Opportunity Zones (QOZs) are going to deliver over $100B of capital into places where economic stimulus is needed in the U.S. We are also going to see the first Dapps (decentralized applications) that hit a million users a day sometime next year. Because we’ve now had our “Netscape” moment, we now have scalable blockchains that have no friction (meaning anyone can access it without having tokens) low latency (meaning it’s fast and scalable and can be by many people) with EOS as the first general protocol with many to come. It’s the equivalent of when the first IPhone launched in the App Store.”
Jonathan Johnson (President of Medici Ventures)
“Digital remote voting will be more widely adopted. After the successful pilot program in West Virginia of the Voatz digital remote voting application, which allowed overseas voters to vote in the November election in a secure way, more states will look to re-enfranchise their overseas voters. Expect lots of supply chain applications to debut, providing more surety by both sellers and purchasers of the providence of goods. What VinX is doing in the wine business and GrainChain in the grain business, others will do in variety of industries. And watch out Wall Street. Fintech will continue to be a major focus for blockchain use cases. Some will finally get into production and begin to revolutionize the ways securities trade. Blockchain will continue to be hyped as a panacea. Companies caught in this hype will waste money trying to use blockchain, where a good old-fashioned database does just fine.”
2018 might not have been kind to the crypto sector, but we never know what lies ahead. Who knows if 2019 is coming with some sort of trigger that can take the market to new highs? Because despite all the fall and all the negativity one thing doesn’t change, and that is the long-term usability of crypto. That usability is what keeps Bitcoin alive despite the steepest falls, and it’s just a matter of time before digital gold reclaims its lost glory. We’ll also be looking out for regulation of cryptocurrency sector in India, because recently it has been heard that the our government is planning to allow cryptocurrencies (although with very strict rules). In short, this is going to be a very interesting year for crypto. Let’s hope for the best!
Source: Crypto News
By Ashish Bhatnagar