Bitcoin price will be rising. 10 predictions from Barry Silbert for 2017

Bitcoin price will continue rising, and the volume of cross-border payments in digital currency will reach $1 billion.

These and other predictions are provided by the investor and CEO of Digital Currency Group Barry Silbert.

Let’s shortly review 10 of his theses regarding the prospects of bitcoin and blockchain.

1. Bitcoin will be going up in price. And this forecast coincides with the general conviction of bitcoin community.
2. Micro payments will be actively implemented. In browsers, information storage systems, social networks, etc. Users will be able to remunerate content authors with several cents, and the structure of advertising market will be changed.
3. Mergers and acquisitions are expected in the market, including companies that are worth $50 million.
4. The US Securities and Exchange Commission (SEC) will probably categorize crowdsales of cryptocurrency tokens (ICO) as securities trading.
5. Many solutions on blockchain-based identification will emerge. Projects will compete with one another.
6. Blockchain will firmly establish itself in the supply chain, which is already realized by a number of companies that supply goods.
7. Bitcoin will grow in popularity in Asia, namely in India and Japan.
8. The total volume of cross-border payments in digital currencies will reach $1 billion.
9. Institutional investors will be offered an easier access to bitcoin.
10. Bitcoin will become a means of storing funds and a part of investment portfolios.