IPFS News Link • Bitcoin
Barry Silbert on Bitcoin's Future: "The Bitcoin Price Will be Higher"
• Bitcoin MagazineDCG is the firm responsible for the Bitcoin Investment Trust, which started trading on the OTCQX back in May under the ticker "GBTC."
During the event, Silbert gave a presentation where he laid out his predictions for bitcoin in 2016:
TOP TEN PREDICTIONS FOR 2016
Bitcoin as a currency/store of value re-emerges as theme
When price starts to increase, flywheel effect begins...
Wall Street begins to trade bitcoin
Cross border payments/remittance using bitcoin becomes competitive
Growth in Brazil, China & Middle East
Slow progress around private blockchains for financial markets
Industry consolidation and shake out continues
Non-financial use cases of blockchain ledger explode
Banks begin to service digital currency companies
Bitcoin price on 12/31/16 = higher
Silbert expressed significant optimism related to the price of bitcoin.
"Bitcoin price will be higher," Silbert said.
At the Inside Bitcoin's conference in New York City in April, he made a similar claim when he offered one of two outcomes: Either the price would be $0 or it would be significantly more than it was at the time. "It won't be $230," he said in April.



