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Predictions blockchain and cryptocurrency 2019 – Vol. XVII
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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.
Alexey Malanov, malware expert, Kaspersky Lab
BLOCK TRIBUNE: Where do you see Bitcoin in 2019 and why?
ANSWER: "Kaspersky Lab does not make price forecasts, but I personally like a proverb: the best forecast of future prices is the current price."
BLOCK TRIBUNE: which sectors – energy, e-commerce, gambling – do you think will have the greatest impact in the blockchain sector in 2019?
ANSWER: "We think that in addition to cryptocurrency and international transfers, the blockchain has a very limited use.In most cases where companies or governments are trying to use blockchain does not make much sense, Blockchain can be useful in three cases: first if you expect an active opposition from the forces of the order or other forces Secondly, if your users do not trust you, then you want to be outside the solution and make it the most transparent as possible Finally, if it is easier to use blockchain than a traditional solution. "
BLOCK TRIBUNE: which event would you like to happen in 2019?
ANSWER: "I would like to see the fading of expectations overstated by blockchain."
BLOCK TRIBUNE: ICO died as an effective fundraiser? Why or why not?
ANSWER: "Despite the fact that most of the ICOs in 2017 failed to deliver products and their tokens have been amortized, ICO is still a very popular and effective fundraiser.In 2018, money raised through ICOs it's 3-4 times bigger than 2017. Many ICO projects are using blockchain clamor and the fact that encrypted investors have a lot of money, so it's easy to raise money even for futile ideas. "
Dr. Robert Statica, CEO and President, BLDKFX
TRIBUNA BLOCK: where you see getting into bitcoin 2019 and why?
ANSWER: I think the bitcoin will recover 2019 but it will not have an exponential increase in value as we saw at the end of 2017.
2019 it will be the year of the Security Backed tokens that will have an inheritance value derived from the titles that support the token. Bitcoin has no security support for anything and its value has been purely speculative.
Bitcoin has enjoyed the first advantage on the market, both in terms of value and distribution. Currently, we have over 1,600 cryptographic currencies of various values mostly provided by the company or the team behind them and by the idea for which the coin was created.
Bitcoin has none of this: no known team, no commercial idea behind it, no security support, nothing. However, it is still the most precious cryptocurrency on the market. Supported by about 1,000 people who own most of it.
I think the value of Bitcoin will increase steadily and will eventually find a balance of around $ 7,000 and $ 8,000. I no longer see the achievement or exceeding of $ 20,000. Competition and market appetite have changed in a year. The FOMO (Fear of Missing Out) is dead and people have realized that there are other coins and tokens more interesting that show a real ability to make them a greater ROI.
TRIBUNA BLOCK: The recent cryptographic crypts have influenced your perspective and / or plans 2019?
ANSWER: Not at all. We are working to help all cryptocurrencies, especially new ones that are supported by securities to be more secure and secure from theft and interception. The outlook is even more promising as we have helped governments to create IT security legislation for ICOs / STOs and companies operating in payment or payment systems based on blockchain. For example, BLAKFX has simply helped the Government of Malta to include such regulations and security requirements of cybersecurity in their laws.
Only when digital currencies are safe from hacking, digital counterfeiting, masquerade and 51% attacks, governments will consider issuing national cryptocurrencies.
In 2019-2020, the whole effort will be in making all cryptos safe and hack-proof as well as in establishing relevant legislation for investment, trading and / or the issuance of such cryptocurrencies.
BLOCK TRIBUNE: What role will stablecoin have in the market? 2019?
ANSWER: I think that stablecoin will be highly desired by the larger masses and by institutional investors as well as by e-commerce operators and vertical sectors. Without a high fluctuation in value, it is more tempting for the trade to accept as alternative currencies for products and services
BLOCK TRIBUNE: which sectors – energy, e-commerce, gambling – do you think will have the biggest impact in the blockchain industry in 2019?
ANSWER: I think that the acceptance will be mainly in the financial systems, followed by airlines / airports and e-commerce / payment systems. I also think that the insurance and health industries could benefit greatly from the Blockchain technology with big cost savings and fraud removal
Obviously not every sector or application is an ideal candidate for blockchain technology but any application that requires distributed and trustless consent, without a centralized entity or point of failure, could potentially benefit from such technology
BLOCK TRIBUNE: which event would you like to see happen in 2019?
ANSWER: First, I would say that I would like to see the information security embedded in the DNA of blockchain and cryptocurrencies. Second, I think it is important for governments to start working with the community and industry to model the appropriate regulations to simplify applications and remove industry fraud and assumptions.
Both cybersecurity and legislation must be present if we expect technology to become mainstream.
BLOCK TRIBUNE: ICO died as an effective fundraiser? Why or why not?
ANSWER: I think that, just now, only ICOs are made. STO or equity investments are the future of public financing. Until the fraud is removed from the process and until the SEC enforces the appropriate regulations, for such investments (whether ICO, STO or equity investments), I believe that the general public, at least in the United States, will not participate in such investments.
That said, I think the public should be allowed to participate in investments if the risk is understood. Almost everyone is allowed to play the lottery, why not invest in a company, a team or a project of interest?
Of course, a mechanism should be put in place to protect investors from fraud and false money appropriation projects, but there are some big blockchain projects and a group of people who actually work on ideas that will revolutionize secure systems, financial systems, payments, health care, insurance, air operations, etc. These projects are very innovative, they have great teams behind them. They have a great chance of being very successful. However, this is only my personal opinion and is not intended as a board or investment guide.
It remains to be seen how governments will react to such a revolutionary technology and what will be the approval and the rate of adoption.
