There is no doubt that 2018 has been quite an action-packed year for all things in the cryptoblock space. While those in the crypto area closely monitored gains, losses and SEC moves, blockchain devotees leaped from conference-to-conference around the world following those proselytizing about the industry. So as many make preparations for the year ahead, here’s what a number of influencers in the space believe 2019 will hold for the cryptoblock space.
Bill Tai, long-time venture capitalist and cryptocurrency investor believes, “The price of Bitcoin will end the year 2019 higher than it is today, but will see something in the $3000s before it gets there. It’s clearly found a place in the world’s monetary ecosystems as a ‘reserve currency’ easier to acquire in a crisis than gold.” Tai says to keep in mind that while Bitcoin was born from the ashes of the 2008 financial crisis that even the price of gold decreased when the crisis first unfolded due to the initial massive contraction in monetary liquidity.
“With the world’s debt-to-GDP ratio higher than its ever been, and with interest on debt for the U.S. now approaching the size of the US military budget, and growing at 50% per annum this year, we will see greatly expanded interest in Bitcoin before the end of 2019,” Tai concludes.