Venture capitalist Tim Draper predicts that the aggregate market capitalization of the crypto currency will reach $ 80 trillion over the next 15 years, according to the news portal DealStreetAsia.
Speaking at the DealStreetAsia PE-VC 2018 summit in Singapore, Draper said that a significant decline in the market for crypto currency in recent months should be associated with people who were not ready to accept them as a new asset class. He believes that as soon as potential users become more familiar with technology, it converts a multitude of different industries to a global level.
"I believe that they will have a transformational effect on such industries, about which we never thought that they can be transformed. The Internet has risen against the background of markets with a capitalization of $ 10-100 billion, crypto-currencies will go to trillion-dollar markets - finance, health and insurance, banking and investment banking, and the government sector, "he said.
Draper compares the current state of the market for crypto currency with the days of the Internet:
"The Internet started in exactly the same way. He came in big waves, and then, sort of like, fell on his head, and the next wave became much larger. I suspect that the same thing happens with bitcoin. "
Analyst of CNBC channel Brian Kelly also used to draw a parallel between bitcoin and “the internet, which was about the 80’s”. “I believe that this technology will work, it will bring fundamental changes, but while it is at very early stages of development, that’s why we see this volatility,” he said.
And what do you think about this?