Predictions blockchain and cryptocurrency 2019 – Vol. XI
We continue our series of forecasts from industry thought leaders about what could happen next year.
With almost every measure, 2018 has been a busy year for the blockchain / cryptocurrency industries. Beyond the usual issues affecting young companies in hiring, marketing, technology and financing, companies have been involved in a crisis of trust with investors, as cryptography markets have lost 80% % of their total value from the beginning of the year.
Add to that the magical source of funding caused by the reduction of initial coin offerings, the increase in government control and the absolute ban on certain activities, and the bitter battles between technology developers that have caused market rotations, and it is surprising that any company has survived such serious winds against it.
But in 2019, the survivors of this industrial winter demonstrate confidence in the underlying technology of the blockchain and in the continuing promise of cryptocurrency. They stress that institutional investors are still on the sidelines and many retail supporters are still not at stake.
Add this to the constant interest of large companies and the spirit of innovation shown by blockchains and crypto-pioneers, and the story seems much brighter than the simple numbers would suggest.
Block Tribune has asked industry thought leaders to consider what might happen next year. Now, until the end of the month, we will highlight their thoughts on what could happen in what every hope will be a happy and prosperous 2019.
BLOCK TRIBUNE: Where do you see bitcoins in 2019 and why?
ANSWER: Assuming you mean the price, if history is our guide, we will be at about $ 8,000 for BTC by the end of 2019.
TRIBUNA BLOCK: Have recent cryptographic crashes affected your prospect and / or plans for 2019?
ANSWER: Not at all. At our 2017 council meeting we identified the upcoming bubble and organized our plans around the bear market that preceded it.
BLOCK TRIBUNE: what role will the stablecoins have on the market in 2019?
ANSWER: Stablecoins will be a big problem. They live in the same silly nursery of digital resources that you can send as easily as an e-mail that makes Bitcoin. Right now it's new, but in the next 20 years people will not believe they've ever used "bank currencies".
BLOCK TRIBUNE: which sectors – energy, e-commerce, gambling – do you think will have the greatest impact in the blockchain sector in 2019?
ANSWER: It will look like a cuckoo, but the correct "blockchain" effect will be a compression of retail banking, followed by investment banking, followed by the central banking system. It's a kind of downer. That said, the only other relevant blockchain application I can see at the moment is compliance and chronological recording of past states for reporting purposes. It's still a big market, but it's more a medium-term efficiency game. In the long term, we can disclose all certificates: house deeds, car titles, bar charts, etc. We have not yet arrived.
BLOCK TRIBUNE: which event would you like to happen in 2019?
ANSWER: I would like to attend a party with people who used bitcoins to escape countries with oppressive capital controls.
BLOCK TRIBUNE: ICO died as an effective fundraiser? Why or why not?
ANSWER: Yes for now. We are at a stage where utility tokens have the opportunity to unveil their value. Most will not do it. Some will do it. 2019 will be the year in which the value proposal of the utility token is created or discontinued. Security tokens are a different topic, and should behave well as synthetic assets or paying assets.
Anatoly Yakovenko, CEO of Solana.
BLOCK TRIBUNE: Where do you see Bitcoin in 2019 and why?
ANSWER: I suspect we may see a large ASIC-dependent job testing network error. All bitcoin ASICs that are lower than profitability because of the price can not be used for anything else, so the cost of renting them to attack another PoW-based bitcoin chain is low. We could currently see it with 51% attacks on Vertcoin. But I think this will cause a return flight to the bitcoin while the safe blockchain of the PoW has remained standing.
TRIBUNA BLOCK: Have recent cryptographic crashes affected your prospect and / or plans for 2019?
ANSWER: I think they cleared up some noise. Projects with real teams that create great technology are still focused on providing great products.
BLOCK TRIBUNE: what role will the stablecoins have on the market in 2019?
ANSWER: They probably lead the adoption of payments, and I think we will see a layer one with a stablecoin as the underlying currency.
BLOCK TRIBUNE: which sectors – energy, e-commerce, gambling – do you think will have the greatest impact in the blockchain sector in 2019?
ANSWER: It is logical that FinTech has the greatest impact, since decentralized trading platforms reach the centralized ones in terms of performance and usability.
BLOCK TRIBUNE: which event would you like to happen in 2019?
ANSWER: Guide from the SEC
TRIBUNA BLOCK: Did the ICO die as an effective fundraiser? Why or why not?
ANSWER: Absolutely not. We live in a world where distributed teams of talented people can raise capital from a global pool of investors. I think we're at the peak of Silicon Valley.