Bitcoin continues to attract the attention of many investors globally. Like the Internet itself, it may revolutionize the way we do business and transact the exchange of digital ideas themselves.
Here’s a shortened version of Forbes’ recent predictions:
1. Bitcoin Price Will Surpass $100,000 per Bitcoin
The champagnes were popped, balance screenshots commemorated and last-minute Vegas trips planned while Bitcoin price soared past $10,000 this week.
Some in the financial community are already calling for the $40,000 price mark in 2018 alone.
2. Commodity Markets for Everything Digital
One of the biggest areas facing disruption will be electronically deliverable (and verifiable) services: compute, bandwidth, and similar. Advances in blockchain technology will make it easier for marketplaces to form — and bring a huge amount of supply online. Why have every hosting company compete for user acquisition and retention, set up billing accounts, etc. when you can simply hook your equipment into a standardized service that has payments baked in?
3. Fully Decentralized Exchanges
Many are quick to note the challenges of building a liquid and deep market in a decentralized fashion. Current centralized exchanges — while currently minting a huge amount of profit — are eager to see how their business will evolve. Market forces will drive all decentralized order books to share and interconnect — but once the entire market is completely connected, exchanges become completely, well, exchangeable.
4. New Organizations: Profits OK, Not Necessary
The increase of liquidity — both for employees and supply of risk capital — will drive more and more savvy entrepreneurs to skip registering their company in a local domain. Or cause the creation of value to happen outside of this standard corporate formula.
5. Crypto Equities Emerge: Registered Equity Tokens
Just as more new projects will organize around a token-economy, look for more businesses to tie their ownership or value to a legal tokenized equity structure.
6. Consumer Experiences Won’t Be The Largest Early Battlefield
The changes in the consumer landscape will be far more macro than simply iterating and updating the platforms of the Web 2.0 and Mobile eras.
7. Nations Struggle With Tax Collection
Governments are currently sitting by — learning, watching, and waiting. But they don’t yet realize how existential of a thread the crypto ecosystem represents to their business of governance.
8. Government Issued Crypto is Real
As more and more reserves are moved into crypto assets (the “digital gold” use case), nations will see their own currencies less viable or valued to other nations looking for safe reserves. Just this week, the US Federal Reserve publicly announced that this is an approach they are considering.
9. Emergence Of Bitcoin-Denominated Yield Curve
Many countries issue USD-denominated debt, to lock in a lower interest rate than if they issued it in their own currencies — and open their debt to a wider set of investors. Crypto appreciation and volatility will be challenging to account for, but expect to see a crypto yield curve emerge as governments attempt to lock in favorable rates and reach the international investment community.
10. Nations Stockpile Crypto Weapons
As crypto becomes critical infrastructure, replacing much of the existing banking system, governments will seek to regain control.
What’s clear at this moment is just as “cyber space” became a new battle front, so too will battles be waged for control of, and access to, distributed value technologies.
Thanks to Forbes