Do you have any predictions
for mass adoption?
Or if you want to talk about
price, that’s cool too,
for say the next one year, five
years, ten years.
Yeah I mean-
Would you mean being in a
a little video thing I’m doing?
I’m asking
Why are you into crypto?
What would you recommend for people
who are just getting into crypto?
And what your price predictions
for bitcoin are for
1 year, 5 year, 10 years.
But you can answer how you want.
Like, there’s no wrong answer.
Um. You know Bitcoin
could hit $50,000
in then next bull market.
I think Monero,
a couple thousand dollars.
So short-term probably still very
peer-to-peer, very gimmicky and
like a niche market.
But as you move on with Fidelity
and a lot of these institutions,
I mean IBM and Hyper Ledger,
we’re going to see more
confidence in the institutional world,
to where I think blockchain
will be as common as the Internet
in terminology of household names
and understanding of the fundamentals of it.
But right now it’s very pop culture
and buzzy.
And I think that’s a really good time to capitalize.
Because we don’t necessarily want
mass adoption yet.
We want mass intention.
Then we want to evolve.
Then we want the mass adoption.
So, we’re here.
We got their attention.
Let’s keep it.
Yeah I mean the truth is
my price prediction means nothing
and nobody’s does,
but just throwing darts, I’m very bullish.
I’m specifically bullish on
Bitcoin, Ether, the two blue chips.
Loopring, we have our own token, LRC
Of course I believe in what we’re doing
on the dex, protocol front.
Yeah I’m very bullish on
kind of the big ones like Bitcoin, Ether.
Adoption I think yeah the genie is
out of the bottle.
Can’t put it back in.
It’s not going anywhere.
Ahm- good question.
It’s going to be.
It’s just going to come
over a period of time.
There’s going to be –
once regulation kicks in
then that will just fly basically.
I think over the next year we’re going
to see a big shift with regulation.
What it’s going to be
I don’t know.
Within 5 years time,
I think we’ll be well on the
brink to mass adoption.
I think for mass adoption,
the ways that we’re going
to reach people is going to
be through integrating into things
that we’re already doing.
And the best places for that
is social media and games.
So I see those being
the biggest bridges for
online content.
It’s going to be in the gaming space.
Engines like Convergence, if
you’ve ever heard of the
Silicon Nexus project,
they’re building like a
Ready Player One cross-platform
reality with a player acquisition service.
So it’s for like gamers to get
non fungible assets of
in-game items.
And that is the biggest audience of
online people is games,
2.7 billion active gamers
in the world right now.
So it’s the biggest market – wow-
so games is going to be a place
and then social media influencers.
This is going to be the next place.
And so you know that’s what we
focus on in society.
We focus on live content
for paid content and products.
And so it’s you know getting,
you know,
things that people are going to get
tangible value
and then relating that to the crypto market.
And allowing people to,
you know, securitize their data
with the blockchain,
to access things that
they can only get exclusively
through the blockchain.
And to do that in a manner
where people already are.
We need to meet people where they are,
on the games that
they’re already playing,
on the platforms that they’re already on.
And you know,
this kind of stuff.
And so as we emerge into that,
we’re gonna attract more
people who aren’t into the space.
That’s gonna attract growth.
And then the whole industry
is gonna grow, you know,
as a result of that. And so that’s how I
kind of see mass adoption coming.
And, you know,
through mass adoption, obviously,
as tides rise
all ships will rise.
So kind of my two cents,
my two satoshis if you will. [Laugh]
Thank you.
That was awesome.
I think blockchain is next
very very big thing to the world.
Because it’s the only-
I think it’s the only technology
that can push the
financial and the Internet
to a more decentralized way.
It’s a new way to like
organize the world.
– Okay –
So my vision at the moment
is that what we’ve sort of seen
with these cryptocurrencies like Bitcoin
is that so far the first application
is gambling.
You know Satoshi Dice.
I’m sure you remember Satoshi Dice.
And then trading,
crypto- trading assets back and forth.
The way I see cryptocurrencies evolving
is a bit different than everyone else.
I think it’s going to be like Linux.
It’s gonna be this backbone
to this financial system
everybody can use and access.
I don’t think most people are gonna realize
they’re actually using a cryptocurrency.
It’s gonna be something they access –
transactions back and forth,
or coins back and forth.
So actually there’s Linux.
You know, they’re not gonna know
they’re even gonna be using Linux
Cause Linux today powers like 90%
of all computers.
– Oh cool. –
We are all waiting for the halving,
Bitcoin halving coming up.
At the middle of next year.
So we’ll see how it goes.
You don’t want to get me
started on adoption.
It’s kind of like my pet peeve
– Please go ahead –
I get allergic to that.
We should stop talking about adoption
and build products
that people are going to use.
I think we’re trying to flip
it around but we will rush it.
I think it’s too early to even
talk about adoption.
So kind of like a prediction,
I think this space is gonna grow
but slower than we actually think.
So we’re thinking a mom-and-pop
is gonna use Bitcoin next week…
We only just updated the
My Ether Wallet website,
which was ugly as hell.
So we’re not there yet.
So have patience.
Go back to building awesome products.
Make it as easy as possible
for people to use.
– Okay – Okay.
That’s my whole thing.
– Okay –
Yeah, I kind of disagree slightly because –
Perfect –
the Internet grew fairly quickly
but it was, you know,
from the 90s all the way
through the early 2000s.
But now that the Internet’s already in place
I think the combination of the Internet
being in place and mobile phones,
like you said adoption,
I think that will actually
drive adoption more quickly with-
Like you see Flexa’s app, Spend.
I’m pretty excited about that
because now you can use
even a stable coin at a
Starbucks, or at a Lowe’s,
or at a Barnes and Noble.
So I think the combination of those technologies
already-existing will bring this to
much more quickly than we saw
like Facebook and Apple and Google
proliferate in the early 2000s.
– Okay cool. Thank you –
I think everyone will use blockchain in 5 years.
And I believe that the road to adoption
will come from gaming.
So I think most of the early adoption
will be gaming related _____.
And I believe gaming will be the road
for all the crypto,
for blockchain to get mass adoption.
Well I’m hoping that in the next year and half
John MacAfee’s prediction is going to come true
just so that he doesn’t have to lose his bet.
And some people might know
what the repercussions of that are.
But I definitely see Bitcoin going up
extremely high.
I’m not a financial adviser
but I do see 1 million dollar Bitcoin
coming in the future.
– Okay –
Hopefully it will go up.
But, you know,
I hope it goes so high because
where I’m living in Venezuela
___ money in the United States so.
I just have to see I have no idea
I had a few takeaways from this video.
A surprising number of people
mentioned gaming.
And a lot people didn’t want to talk
about price when it came to predicting.
They talked about adoption.
The first person that I interviewed actually,
although you can’t tell up the video,
said that I should probably not talk
about price but talk about adoption.
And some people did want to talk about price
in the end.
A lot of people also seem to be self-starters.
There were entrepreneurs getting into the crypto
or blockchain space and
starting their own projects.
So there was passion involved
like about changing the world
but then there was also a lot of intellect,
understanding the technology
and how they can maybe bring new solutions
to already existing industries.
And yeah some people were just
looking to make money
but I think that goes into the
intellectual side of it
where you’re trying to start a business.
It was very cool to see.
Everybody seems to have a pretty positive outlook
for the future.
I think I do too.
So that’s what I have for today.
Thank you for watching.
Thank you for joining.
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