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FX.co ★ James Altucher's 10 predictions about the future of cryptocurrencies

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Фотоновини:::2017-12-26T04:22:07

James Altucher's 10 predictions about the future of cryptocurrencies

Argentina or Venezuela's currencies will fail

This will lead to mass adoption of bitcoin among that populace and it will significantly increase bitcoin's value.

After the investor's statement, Venezuela announced its own cryptocurrency, El Petro. Against the backdrop of the crisis in the country, it seems to many experts that this is impossible, but no one is yet ruling out such a scenario.

James Altucher's 10 predictions about the future of cryptocurrencies

Storage and software access

World's largest banks will accept bitcoin, and will start offering storage and software access. They will also create cryptocurrency derivatives — as the CME did. Recent events, including the launch of bitcoin futures trading, indicate the imminent legitimization of the cryptocurrency.

James Altucher's 10 predictions about the future of cryptocurrencies

Alt-couns crush

Among the major upheavals the world expects, it is predicted that 95% of the alt-coins will go away — just like the dot-com bust. The surviving coins will go up significantly within the following four to six months.

James Altucher's 10 predictions about the future of cryptocurrencies

Transaction simplification

The U.S. government will secretly start accumulating one of the smaller cryptocurrencies to improve this process. So far, transactions with other countries are carried out in the gray area. At the same time, the US Senate Judiciary Committee is currently considering a bill S.1241, the purpose of which is to criminalize the deliberate concealment of the possession or control of a financial account.

James Altucher's 10 predictions about the future of cryptocurrencies

Bitcoin's competitor

China will invest heavily in cryptocurrency, but probably not bitcoin. China needs a cryptocurrency that is competitive with bitcoin, but under its centralized control. This will, in general, provide legitimacy to all cryptocurrencies.

James Altucher's 10 predictions about the future of cryptocurrencies

Cryptocurrencies' volatility preservation

Some companies will try to solve the problem of the cryptocurrencies' volatility.Great hopes are placed on Basecoin, a start-up that promises to issue a cryptocurrency, provided with traditional money.

The point is that the basecoin platform can be linked to the value of any asset or asset basket dynamically managing the market price through the creative use of a tokens combination. As a result of betting exchange monitoring, the volume of stored tokens is automatically expanded or narrowed, and the price is adjusted.

James Altucher's 10 predictions about the future of cryptocurrencies

Pay freelancers with cryptocurrency

A very real scenario, which, however, will require the introduction of new tax reforms: there will need to be greater regressive sales taxes, which will ultimately require government cuts and eventually less power for national governments (long-term prediction). High profitability and speed of transactions make the paying with cryptocurrency the most preferable mean of payment for freelancers.

James Altucher's 10 predictions about the future of cryptocurrencies

Monopoly on the issue of money

In the same way the internet changed the monopolistic phone industry, cryptocurrency will change the monopolization of government-backed money.

James Altucher's 10 predictions about the future of cryptocurrencies

Creation of new government organization

The USA is going to create a new government organization to analyze regulation on cryptocurrencies. This will, in turn, lead to a huge upswing in bitcoin and alt-coins that provide actual utility.

James Altucher's 10 predictions about the future of cryptocurrencies

Entering the crypto companies' market

This scenario should not be ruled out: thousands of crypto companies will be created and go public, but only a few will be massive successes.

James Altucher's 10 predictions about the future of cryptocurrencies
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