Venture capitalists are predicting that Bitcoin will sail on a tidal wave and reach $150,000, with altcoins following the course.
First lets define a venture capitalist and what are they doing for a living. A venture capitalist is a person or company that invests in a business venture, providing capital for startup or expansion. The private equity investor will provides capital to companies exhibiting high growth potential in exchange for an equity stake. They are willing to risk investing in such companies because they can earn a massive return on their investments if these companies are a success. Venture Capitalists can experience high rates of failure due to the uncertainty that is involved with new and unproven companies.
Simon Dedic is one of the Venture Capitalists with a high involvement in the cryptocurrency market. He is the co-founder of digital asset intelligence firm Blockfyre, a block-chain and crypto enthusiast, with many good predictions and forecasts in the field. In 2019 he said that block-chain project are ridiculously under-valuated and the bubble burst was much needed to pave the way for the real implementation of cryptocurrencies.
"When the market went crazy in 2017, I could only have dreamt of projects with live products and incoming revenue. Today, these projects are around and ridiculously undervalued. It seems the bubble burst was much needed to pave the way for the true adopters and innovator" - Simon Dedic (19 November 2019)
Now, he believes that Bitcoin will put together a face-melting rally in the next bull run. Aided by the BTC bull run, five alt-coins will outshining the leading cryptocurrency. He strongly believes that when the crypto market will launch another bull run, the rising tide will not lift all boats, however Bitcoin will soar nearly 1,500% to $150,000 in a new bull cycle. Unlike the peak of the 2017 crypto bull market, when many alt-coins generated gains of over 1,000%, the Blockfyre executive believes only a handful of alt-coins will print potentially life-changing gains.
He expects Ethereum, the second-largest cryptocurrency, to skyrocket to $9,000 for an increase of 3,650% from its current price of $240 and Chainlink (LINK) to surge over 4,500% to $200, from $4.34. He also believes Binance Coin (BNB) will soar to $500 from $17.64. VeChain (VET), may bring a huge profit, due to the low price, if the $1.00. forecast will happen, a rise of almost 15,000% from its current price of $0.006682. Tezos is believed to generate gains if will spike up to $200 from the current value of $2.91
Personal opinion and analysis
The alt-coin market is currently risky, with many coins remaining down more than 90% from their 2017 all time highs. With many coins still to enter the market, investment can bring either profit or losses of capital. My recommendation is to invest what you can afford to lose, only in projects you believe, and ignore such optimistic forecasts and predictions.
Bitcoin (BTC) will always remain the king of cryptocurrencies. Dedic's prediction looks highly optimistic, however, watching Bitcoin's value in the last year, I believe that the price will continue to grow and probably reach new all time highs in the next 2-3 years. The only problem regarding BTC investment is the high starting price of any investment. Currently holding about $100 of BTC into Binance Savings.
Ethereum (ETH) had his glory, his decline, but this one is not dead yet! The Ethereum value will follow the Bitcoin growth and the price will surge. ETH has two big advantages for investors, the good price per unit and the trust from crypto-investors. Will be much profitable to invest the same amount of money into ETH units than BTC fractions. Currently holding 1.2 ETH in the Celsius Wallet for 5% interest.
Binance Coin (BNB) will reflect the Binance glory, and will gain value because of the high use of the platform. Binance will promote the coin and offer advantages if you use/hold it.
Tezos (XTZ) looks solid as a project, and the low price makes it very attractive. After Coinbase added XTZ staking reward at 4.9%, the value surged and will probably keep the trend. Early investments in Tezos can bring profit by 2021-2022. I currently hold 20 Tezos in the Coinbase wallet and chipping in weekly with the Tezos faucet.
ChainLink (Link) and VeChain (VET) low price could make even low investments very profitable.
Links and referrals
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Quality Faucets: Stakecube (20 daily faucets)
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FreeCryptos Gang: DASH, TRX, ETH, ADA, BNB, LINK, NEO & BTC
Coinpot Gang: DASH, BCH, DOGE, LTC, BTC & BTC2
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Very nice article. 😊👍
"Bitcoin (BTC) will always remain the king of crypto currencies"
That is something I never understood. What is the reason for Bitcoin dominance? The first mover advantage? Trust/publicity/hype? The technology?
I always disliked "proof of work". It seems like a giant waste of energy and it tends to make transactions slow and inefficient.
Those are my thoughts holding me back from putting money into BTC. So far, I have been proven wrong with my analysis / feelings. I hope that won't change once I end up putting my hard-earned cash into BTC. 😅🙈
What are your thoughts about that?