BlockChain

Cryptocurrency market could hit $1 trillion this year with bitcoin surging to $50,000, experts say

  • “Increasing regulatory recognition of cryptocurrency exchanges, the entrance of institutional capital and major technology developments will contribute to the market’s rebound and push cryptocurrency prices to all new highs this year,” Thomas Glucksmann, head of APAC business development at cryptocurrency exchange Gatecoin, told CNBC by email on Tuesday.
    “There is no reason why we couldn’t see bitcoin pushing $50,000 by December.”

Where do we go now?

 

Betting on crypto is a bet on a new way of doing this. I discussed analogs to this current market to a fascinating investor who has watched the rise and rise of the Internet and she equated the current crypto market to the Internet in 1993 – it was there, it wasn’t popular, and it would take a few short years to enter our lives and change it permanently. We also must remember that computer networking has been around since the late 1960s yet it did not permeate our lives until about the turn of the century. In 1993 we were reading email on Elm and editing our away messages with Vim. Now we think nothing of dashing off a Word document to someone a thousand miles away and expecting it to arrive safe and unharmed.

The iced tea company that changed its name to include ‘blockchain’ retracts on bitcoin mining operation

 

Remember the iced tea company that changed the name Long island block chain company and the stock shot up 500%? They just dropped the block chain from their name!! Reminds you of the dot com boom when everyone was branding themselves as .com and poof it did not turn out that well for them? Signs of the bubble and the coming bitcoin bust?

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Ever wonder whats happening behind the scene

in an ICO? No more need for Venture capital! Just

a promising team, a white paper and backed by crypto

faith of the early adopters. Is this the future of fund raising?

Should VCs be worried? very worried?

5 Industries That Blockchain Will Likely Disrupt by 2020

The real value of blockchain is that it renders intermediaries obsolete. They make a living off being a third party that establishes “trust” between parties unknown to each other. Blockchain replaces these middlemen. This is the reason the world’s biggest firms are investing in blockchain. They are trying to become the disruptor, not the disrupted.

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