Andreas Antonopoulos believes Bitcoin will touch new peaks within the next two years.
While speaking to an audience regarding Bitcoin’s falling value, the celebrated Bitcoin activist stressed on the $500 million worth investment this sector received during the same bearish year. He particularly pointed out two technologies — multisig and hierarchal deterministic (HD) wallets — that proved their spunk in real world and brought immense profits for their respective launchers.
“Give us two years”, Antonopoulos stated while predicting same outcomes from the presently immature Bitcoin technologies. “Now what happens when you throw 500 companies and 10,000 developers at the problem? Give [it] two years and you will see some pretty amazing things in bitcoin.”
He went on speaking about a near-distant future of open decentralized systems, the ingredients of which are innovative and free from any kind of monopoly. “Put that against a closed system,” he added, “controlled by a central provider, whose permission you need in order to innovate and who will only innovate at the exclusion and competition of all of the other companies — and we will crush them.”
From what we could gather, the man simply tried to show Bitcoin enthusiasts a silver lining which, at some point, ended up being a two-year deadline.
Will Technological Improvements Push Bitcoin Value North?
In times when people are still debating on Bitcoin’s true value, there is a very little scope for technology to play a babysitter of a huge awaited bullish rally. The cryptocurrency has undoubtedly escaped from its over-hyped territory but at the same time have turned into a victim of corrupt trading practices. No matter how much we try to avoid it, Bitcoin is still known by its value while its other advantages simply takes the backseat.
As times move forward, Bitcoin will be needed to grow as a whole — currency, network, technology, etc. Maybe then we can expect a coherence between Bitcoin’s success as a technology and a value preserver — until then, let’s just wait.
Images from Wikipedia & CoinMarketCap.com
While speaking to an audience regarding Bitcoin’s falling value , the celebrated Bitcoin activist stressed on the $500 million worth investment this sector received during the same bearish year. He particularly pointed out two technologies — multisig and hierarchal deterministic (HD) wallets — that proved their spunk in real world and brought immense profits for their respective launchers.
“Give us two years”, Antonopoulos […]