A $2,000 Bitcoin (and 9 Other 2017 Blockchain Predictions)
2016 might have been a good year for technology – but it was a difficult year for much else.
The UK took a step back on free trade and immigration by voting to leave the EU (causing a fragile EU to teeter toward dissolution); the US elected a president whose transition saw daring squabbles with a country that owns over a trillion in its debt; each of the BRICs shot themselves in the foot (Brazil with corruption, India with demonetization, Russia with Crimea and China with non-performing loans); and the Middle East continued to burn like an oil well on fire.
None of these disasters show signs of letting up in 2017.
As the major currencies of the world start to tumble in 2017, the flight to quality will lead most investors back into the safety of gold. Some return-hungry ones will seek to exploit market inefficiencies and digital assets like bitcoin will draw a large enough segment of these investors, pushing bitcoin to double its current market cap.
Click here to read the full article
Latest posts by Matthew Olckers (see all)
- What blockchain can do for the environment - 17 March 2017
- How the ‘Dole Stock Crisis’ is Reigniting the Push for Blockchain - 16 March 2017
- Global Supply Chains Are About to Get Better, Thanks to Blockchain - 15 March 2017