Some prominent CEOs have been speaking out on where they see the cryptocurrency market heading as it moves beyond 2018 into the future and the synopsis is upbeat.
With co-founder of BTCC Bobby Lee predicting that when Bitcoin passes the USD 60,000 price level in the coming years, it’ll reach a total circulation value of USD 1 trillion, what then is the short-term synopsis for the digital currency?
With 3,650 Bitcoin ATMs in the world and approximately four new Bitcoin ATMs being installed each day, some in the most unexpected of places, the market for Bitcoin certainly isn’t going away anytime soon, and popularity on the street is clearly on the up, with experts expecting the ATM market will achieve a USD 145 million value by 2023.
Herman Finnbjornsson, founder of Svandis, is certain that Bitcoin is going nowhere if not onwards to success, suggesting that “[There’s] Less than a 1% chance in my mind that Bitcoin won’t succeed. I think that there are a lot of reasons to be bullish on Bitcoin. Banks are getting into Bitcoin.”
Banks around the world are becoming involved in Bitcoin with particular interest on Wall Street as ETFs are expected to gain approval by the SEC next year, along with industry expectations these will lift the market and attract institutional investors.
Russell Korus, the CEO of EZ Exchange, sees Bitcoin succeeding for a number of reasons, suggesting that its failproof, decentralized, and autonomous qualities simply can’t be overlooked. He suggests that Bitcoin will lead what he calls “a brand new paradigm” where value can be exchanged without the need for an intermediary creating “far-reaching and society-shifting repercussions”, within the industry as the move towards decentralization now, eventually becomes the norm.
Finnbjornsson sees this year as the springboard to his success scenario suggesting that Bitcoin could easily pass the USD 10,000 price level by the first week of November. Brian Kelly’s biggest news of the year, the much talked about platform backed by Microsoft and Starbucks, will see Bitcoins sales volume support that figure as investors rush to get in early.
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