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Over the past week, Cointelegraph has participated in Virtual Blockchain Week, a pandemic-proof crypto conference that invited participants from around the world to join conversations with some of the best Blockchain luminaries.
Earlier in the week, famous venture capitalist Tim Draper doubled his prediction that Bitcoin (BTC) will hit $ 250K per coin in 2023. “That’s my prediction. Continuing with that. I’m pretty sure that’s going to happen, “Draper said when pressed on the subject. He believes that mass commercial adoption worldwide will send the price of Bitcoin into the stratosphere.
This works well with insights shared by crypto analyst Mati Greenspan, who noted that Bitcoin’s correlation to the S&P 500 is currently at its highest point. Greenspan noted, however, that “nothing has come up saying ‘crypto is going to be our savior’,” and also noted that Bitcoin is still considered a risky asset.
With a more technical approach, GIVE Nation CEO Alyze Sam explained why stablecoins are the “gateway to decentralization” for companies like Facebook and JP Morgan. She believes that large corporations that adopt stable currencies will eventually lead to the acceptance of Bitcoin and other blockchain assets.
Meanwhile, Caitlin Long, founder of the first crypto-native bank, Avanti, seeks greater transparency across the industry. She opined that “there really is very little disclosure about the amount of indebtedness that the various exchanges and custodians have provided.” Long is reasonably optimistic about Bitcoin, which he believes is a safe asset
Roger Ver, Bitcoin Cash advocate and CEO of Bitcoin.com, used his platform at Virtual Blockchain Week to call for an immediate end to the Coronavirus blockade. “It is absolutely related not only to economic freedom, but to personal freedom in general.” See argued. He then defined economic freedom as “a measure of how easy it is for members of a society to participate in the economy.”
Vesa Kivinen, the creator of Art For Crypto, firmly believes that crypto art is as valuable as any digital asset. He firmly said that “[Digital art] it has many similarities to, say, Bitcoin very, very early. “All of Kivinen’s pieces of art sell for a fixed rate of 1 BTC each, and he believes the value of each painting has” the potential to become parabolic. ”
Changpeng Zhao, founder and CEO of the popular crypto exchange, Binance, argued that the adoption of crypto can be driven by stable currencies and strong charitable initiatives. “That type of adoption is a positive first contact for many people.” He explained. On the subject of Binance’s rapidly increasing power in space, Zhao scoffed at the idea that his exchange was growing too large. “We are quite large, but the reason we are growing is not because we are abusing monopoly power.” He stated, adding: “The competition is very fierce.”
Charlie Shrem, founder of Bitcoin’s first cash-for-money platform, Bitinstant, underscored his optimism regarding the upcoming halving of the Bitcoin block, but notes that he doesn’t see a bullfight happening in 2017 anytime soon. term. “It seems like around the last half it wasn’t that the price doubled instantly,” Shrem said, explaining that the price didn’t really go crazy until “a year and a half later.” Charlie also gave us an update on a mysterious letter he received in 2014, emphasizing that “this letter was strange, it was strange.”
Justin Sun, the controversial founder of Tron, recounted his version of the recent Steem / Hive hard fork. He referred to his role at Steemit Inc as more of an “association” than an acquisition, although he noted that “Steemit Inc definitely has some influence on the Steem blockchain.”
Towards the end of the conference, an AK-47 wielding John McAfee discussed a host of topics, from UFOs to illegal taxes. McAfee is an eccentrically vocal crypto advocate who is best known for the antivirus software that bears his name. He openly admitted that he is 99% sure that he knows the identity of the creator of Bitcoin, Satoshi Nakamoto. Although he claims he promised never to let the name slip from his lips, he complimented the author of the white paper, referring to him as a “very smart Motherf.”
The closing speech for the event came from acclaimed author Don Tapscott, who believes that blockchain has enabled person-to-person trust for the first time in history. Its bullish stance included the belief that Blockchain will underpin “the second era of the digital age.” Closing off the remaining challenges for our fledgling industry, Tapscott stated, “Just because you’re decentralized doesn’t mean you have to be disorganized.”
Thank you to everyone who joined us at the event! If you missed it, you can watch many of the panels on YouTube through our partners on Bad Crypto Podcast.
