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IPFS News Link • Bitcoin

Barry Silbert on Bitcoin's Future: "The Bitcoin Price Will be Higher"

• Bitcoin Magazine

DCG 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.