We all see the growing amount of CryptoCurrencies. Tech investor and stock analyst James Altucher will give 10 BitCoin and CryptoCurrency future predictions.
James Altucher thinks that the skyrocketing value of BitCoin will continue rising. Humankind has done huge changes to the currency in the past as well. Gold replaced Natural payment type, paper replaced gold, electronic banking has in different areas almost replaced paper and now it is possible CryptoCurrencies are coming to take over.
All the new currency types fixed problems that the previous generation currency had. BitCoin could possibly end the endless reprinting of money, double spending, fake money. James himself owns BitCoins, Ethereum, LiteCoins, zcash and FileCoins.
According to James the maximum value for 1 BitCoin could be around $1 million due to the lack of balance between demand and supply. James says there are $500-600 billion dollars worth of CryptoCurrencies and over €200 trillions of demand for money. This is the value of all the cash and gold in the world. That said however, James also believes around 98% of all CryptoCurrencies are Fraud.
So what are are the 10 BitCoin and CryptoCurrency future predictions?
Here are his 10 BitCoin and CryptoCurrency future predictions:
1 Currency for at least one country will fail in near future.
Possibly Argentina or Venezuela. This will cause a mass demand for BitCoin, rising the BitCoin Value by $50 000.
2 Mainstream banks will accept BitCoin.
Banks will start offering services to store and use CryptoCurrencies.
3 Around 95% of AltCoins will be exterminated.
Same way the dot com bubble burst, the AltCoins will disappear. The CryptoCurrencies that survive this will grow a lot in value however. This could happen in next 4-6 months.
4 USA will start quietly buying some smaller CryptoCurrencies.
USA will start buying some smaller CryptoCurrencies in order to make “gray area” transactions more easier. This has actually already started, but large scale rising period will take place in 2018.
5. China will invest to some other CryptoCurrencies.
They will invest into some CryptoCurrencies but probably not into BitCoin. China needs a CryptoCurrency that competes with BitCoin however will be controlled by them. This will make all CryptoCurrencies legitimate.
6. CryptoCurrencie problem is their instability
At least 1 BaseCoin will reduce this drastically in 2018.
7. More and more companies will use CryptoCurrencies to pay freelancers.
This will cause large tax reforms.
8. CryptoCurrencies will change money monopoly.
The same way Internet changed telephone monopoly CryptoCurrencies will change money monopoly.
9. Countries will try to analyse CryptoCurrency regulations.
Countries will create a new national organization to analyse CryptoCurrency regulations. This will again rise the value of BitCoin and other CryptoCurrencies that actually bring real benefits.
10. Thousands of CryptoCurrency companies will be created.
Many CryptoCurrency companies will be created, and they will become public companies, but only some of them will be successful.
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10.02.2018 – EqEST