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Influencers Weigh-In on Big 2019 Predictions for The CryptoBlock Arena

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One participant wears a jeweled medallion with a gold US dollar logo at the CrytoSpace conference in Moscow, Russia. CryptoSpace is an important conference dedicated to blockchain technology and cryptocurrencies. Photographer: photographic credit Andrey Rudakov / Bloomberg: & copy; 2018 Bloomberg Finance LP&copy; 2017 Bloomberg Finance LP

There is no doubt that 2018 was a year full of action for all things in the cryptoblock space. & Nbsp; While those in the cryptic area closely monitored gains, losses, and movements of the SEC, the blockchain devotees jumped from one conference to another around the world after those who proselytized about the industry. As many prepare the preparations for the next year, here's what a number of influencers in space believe that 2019 will be valid for the crypto space.

Bill Tai,& nbsp; long-term investor in venture capitalists and cryptocurrency believes: "The price of Bitcoin will close the year 2019 higher than it is& Nbsp;today,& Nbsp;but he will see something in the $ 3000 before he gets there. It is clearly recognized as a place in global monetary ecosystems as a "reserve currency" easier to buy in a crisis than gold. "Tai says to keep in mind that while Bitcoin was born from the ashes of the 2008 financial crisis, the price of gold also declined when the crisis first developed due to the massive initial contraction of monetary liquidity.

"With the world debt-to-GDP ratio higher than it has ever been, and with interest on& Nbsp;debt& Nbsp;for the United States, which is now approaching the size of the US military budget, and growing at 50% annually this year, we will see a much more expanded interest in Bitcoin before the end of 2019, "Tai concludes.

The cryptoblock arena is nothing if it is not filled by legal obstacles and challenges. The lawyer Ico Jay Swob thinks that 2019 will be the year when the pendulum swings back a little. "Most of 2018 was consumed by CEOs motivated by fear and overly cautious law firms who felt that the lack of clear harbor boundaries justified an ultra-conservative approach whereby all utility tokens were justified. they should be interpreted as if they were American titles, even if they were clearly not. "

So Swob says that such an approach has forced many& Nbsp;little bird& Nbsp;companies in the field of registered or exempted security offers. "Now, however, in 2019, I believe a more thoughtful approach will govern ICO campaigns. & Nbsp; Pure utility functions will be extrapolated into non-security ICO events, while securities-like functionality will be modeled into secondary tokens and released as STO (Security Token Offering). "

In parallel with the legal parameters that are established, the space will expand its impact. According to Paul Snow, CEO,& Nbsp;Factom, a company specializing in security around the blockchain, is looking forward to a tremendous growth in digital rights management in the United States. "Also look at the blockchain to start climbing with more pegged resources that allow more payment applications," he predicts. "And expect a leveling of opportunities between the first world and the developing world, with great economic benefits."

Eugene Mutai, bitcoin & # 39; miner and software developer, organizes a series of mining machinery & # 39; cryptocurrencies in his home in Nairobi, Kenya. Cryptocurrencies are particularly attractive in economies where there are restrictions on withdrawing cash abroad, or people do not have bank accounts, or the local currency is trampled by inflation. Photographer: Luis Tato / Bloomberg&copy; 2017 Bloomberg Finance LP

Kyle & nbsp; Asman, partner and co-founder of & nbsp; BX3 Capital, a business consulting firm for start-up blockchain and cryptocurrency, has an eye on politics. Explain, & nbsp; "We will see a United States legislative law in 2019 that will support the light touch& Nbsp;regulation and will assign the authority to regulate the digital goods markets in the context of a particular regulatory body. The positive regulation and clarity that will arrive in the United States will prepare the ground for a further institutional adoption, the approval of an encrypted ETF and the rebound in prices in 2019. "

Are you looking for bold predictions? Glenn Gow, Partner of Clear Ventures believes that cryptocurrencies will increase without too much fanfare while the NASDAQ will come down slowly. "I also see that the blockchain will take hold of businesses and become a competitive weapon, public blockchain projects will start to see big wins for the first time. I think Amazon will publish a cryptocurrency . And governments, including the United States, will start national encryption projects and the US military will adopt Monero. "

Others see new intersections within the blockchain itself. Michael Bancroft, co-host of the new Globalive Media series "Beyond Innovation", broadcast weekly on Bloomberg Television, states that one of the key trends that we will see in 2019 is the increasing standardization and interoperability of blockchain networks. He adds, "This is similar to what we've seen with smartphone operating systems." A number of blockchain "operating systems" will emerge, making it possible to archive and distribute data transparently and securely. on a large scale Several blockchains will need to understand how each encodes and stores data to work together. "

An employee works on computer screens at the headquarters of Kaspersky Lab, a computer security company "Hackers have become capable of implementing very advanced attacks," Kaspersky said. Photographer: Alexander Zemlianichenko Jr./Bloomberg&copy; 2014 LP of Bloomberg Finance

Bancroft adds that we will probably also see blockchains employed for cyber security, particularly by governments that try to protect important files and archives from hackers.

Dan Friedberg, president, Payments Group of Fenwick & amp; West, LLP says, & nbsp; "We expect to see compliant markets for security tokens emerge – more and more companies will seek funding through sales of security tokens rather than traditional equity.

Adds colleague Liz Federowicz, an associate at the company, "Stable currencies are virtual currency& Nbsp;we are& Nbsp;supported by real currency or other assets. We expect to see steady currencies supported by commodities and other assets, such as gold or art. "He also says to look for particular changes in the entertainment industry." Federowicz says that Fenwick & the West is seeing more and more entertainment industry customers embracing blockchain technology. & nbsp; "Image tracking and privacy prevention with blockchain-enhanced DRM, decentralized film funding and profit sharing, tokenised celebrity culture and support for creators are just some of the applications that will go up in 2019, "she explains." The number and production value of blockchain-oriented podcasts will increase. "

Dr. Jim LiewImage courtesy of Dr. Jim Liew

Finally, & nbsp; the dott. Jim Kyung-Soo Liew, who is an assistant professor at the Johns Hopkins Carey Business School who teaches Blockchain, big data, machine learning / AI & nbsp; and entrepreneurial finance has its value. "Let's throw the real estate sector into play and continue its strong trend until 2019 with much larger deals announced in the $ 100 million to $ 1 billion range. Institutional investors will move fast as a follower in this sector by giving the scramblers a huge vote of confidence and regulators will remain at bay to not stifle this innovation and job creation."

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One participant wears a jeweled medallion with a gold US dollar logo at the CrytoSpace conference in Moscow, Russia. CryptoSpace is an important conference dedicated to blockchain technology and cryptocurrencies. Photographer: photo credit Andrey Rudakov / Bloomberg: © 2018 Bloomberg Finance LP© 2017 Bloomberg Finance LP

There is no doubt that 2018 was a year full of action for all things in the cryptographic space. While those in the cryptic area closely monitored gains, losses, and movements of the SEC, the blockchain devotees jumped from one conference to another around the world after those who proselytized about the industry. As many prepare the preparations for the next year, here's what a number of influencers in space believe that 2019 will be valid for the crypto space.

Bill Tai, a long-time venture capitalist investor and cryptocurrency, believes: "The price of Bitcoin will close the year 2019 higher than it is today, but he will see something in the $ 3000 before he gets there. It is evident that in the world's monetary ecosystems there is a place as a "reserve currency" that is easier to buy in a crisis than gold. "Tai says to keep in mind that while Bitcoin was born from the ashes of the 2008 financial crisis, the price of gold also declined when the crisis first manifested itself due to the massive contraction of monetary liquidity.

"With the world debt-to-GDP ratio higher than it has ever been, and with interest on debt for the United States, which is now approaching the size of the US military budget, and growing at 50% annually this year, we will see a great deal of interest for Bitcoin before the end of 2019, "concludes Tai.

The arena of the cryptoblocks is nothing if not saturated with obstacles and legal challenges. The lawyer Ico Jay Swob thinks that 2019 will be the year when the pendulum swings back a little. "Most of 2018 was consumed by CEOs motivated by fear and overly cautious law firms who felt that the lack of clear harbor boundaries justified an ultra-conservative approach whereby all utility tokens were justified. they should be interpreted as if they were American titles, even if they were clearly not. "

So Swob says that such an approach has forced many little bird companies in the field of registered or exempted security offers. "Now, however, in 2019, I believe a more thoughtful approach will govern ICO campaigns: pure utility functions will be extrapolated into non-security ICO events, while securities-like functionality will be modeled into secondary tokens and issued as STOs (offer) security token). "

In parallel with the legal parameters that are established, the space will expand its impact. According to Paul Snow, CEO, Factom, a company specializing in security around the blockchain, is looking forward to a tremendous growth in digital rights management in the United States. "Also check that the blockchain begins to scale with more pegged resources that allow multiple payment applications," he predicts. "And we are waiting for a leveling of opportunities between the first world and the developing world, with great economic benefits".

Eugene Mutai, bitcoin & # 39; miner and software developer, organizes a series of mining machinery & # 39; cryptocurrencies in his home in Nairobi, Kenya. Cryptocurrencies are particularly attractive in economies where there are restrictions on withdrawing cash abroad, or people do not have bank accounts, or the local currency is trampled by inflation. Photographer: Luis Tato / Bloomberg© 2017 Bloomberg Finance LP

Kyle Asman, partner and co-founder of BX3 Capital, a business consulting firm for startup blockchain and cryptocurrency has a special focus. Explain: "We will see a United States legislative law in 2019 that will support light touch regulation and will assign the authority to regulate the digital goods markets in the context of a particular regulatory body. The positive regulation and clarity that will arrive in the United States will prepare the ground for a further institutional adoption, the approval of an encrypted ETF and the rebound in prices in 2019. "

Are you looking for bold predictions? Glenn Gow, Partner of Clear Ventures believes that cryptocurrencies will increase without too much fanfare while the NASDAQ will come down slowly. "I also see that blockchain will take hold of businesses and become a competitive weapon: public blockchain projects will begin to see big wins for the first time. I think Amazon will publish a cryptocurrency . And governments, including the United States, will start national cryptography projects and the American army will adopt Monero. "

Others see new intersections within the blockchain itself. Michael Bancroft, co-host of the new Globalive Media series "Beyond Innovation", broadcast weekly on Bloomberg Television, states that one of the key trends that we will see in 2019 is the increasing standardization and interoperability of blockchain networks. He adds, "This is similar to what we have seen with smartphone operating systems: there will emerge a handful of blockchain" operating systems "that will make it possible to store and distribute data in a transparent and secure manner on a large scale. they store data to work together. "

An employee works at computer screens at Kaspersky Lab, a computer security company "Hackers have become capable of very advanced attacks," Kaspersky said. Photographer: Alexander Zemlianichenko Jr./Bloomberg© 2014 Bloomberg Finance LP

Bancroft adds that we will probably also see blockchains employed for cyber security, particularly by governments that try to protect important files and archives from hackers.

Dan Friedberg, president, Payments Group of Fenwick & West, LLP says: "We expect to see compliant markets for security tokens to emerge – more and more companies will seek funding through sales of security tokens rather than traditional equity.

Adds colleague Liz Federowicz, an associate of the company, "Stable currencies are virtual currency we are supported by real currency or other assets. We expect to see stable currencies supported by commodities and other assets, such as gold or art works. "In addition, he argues that to observe particular changes in the entertainment industry, Federowicz claims that Fenwick & West is seeing more and more customers in the entertainment sector embracing blockchain technology." Image tracking and prevention of DRC-enhanced privacy, decentralized film funding and profit sharing, tokenised celebrity culture and support for creators are just some of the applications that will go up in 2019, "he said, adding to the value of blockchain-oriented podcasts."

Dr. Jim LiewImage courtesy of Dr. Jim Liew

Finally, Dr. Jim Kyung-Soo Liew, who is an assistant professor at the Johns Hopkins Carey Business School who teaches Blockchain, big data, machine learning / AI and entrepreneurial finance has its share. "There is a tendency to throw money on the real estate market and continue its strong trend until 2019 with much larger transactions announced in the $ 100 million to $ 1 billion range. Institutional investors will move quickly in this sector, giving the scramblers a huge vote of confidence and regulators will remain at bay so as not to stifle this innovation and job creation."

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