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Blockchain and Cryptocurrency 2019 Predictions – Vol. XIII – BlockTribune

Blockchain and Cryptocurrency 2019 Predictions – Vol. XIII

Opinion | December 30, 2018 br>
By: Bruce Haring

We continue our series of predictions from the industry’s thought leaders on what may happen in the coming year. 

By almost any measure, 2018 was a challenging year for the blockchain/cryptocurrency industries. Beyond the usual issues facing young businesses in hiring, marketing, technology and financing, companies were engaged in a crisis of confidence with investors, as the crypto markets lost 80 percent of their overall value from the beginning of the year.

Add to that the magic fountain of funding caused by the curtailing of initial coin offerings, increased government scrutiny and outright bans of certain activities, and the bitter battles between technology developers that caused market gyrations, and it’s amazing that any company survived such severe headwinds.

But heading into 2019, the survivors of this industry wide winter are showing faith in the underlying technology of blockchain and the continuing promise of cryptocurrency. They point out that institutional investors are still on the sidelines, and many retail backers are still not in the game in any huge way.

Add that to the continued interest of big businesses and the spirit of innovation shown by blockchain and crypto pioneers, and the story looks a lot brighter than mere numbers would suggest.

Block Tribune asked thought leaders in the industry for their takes on what may happen in the coming year. Now through the end of the month, we’ll spotlight their thoughts on what may happen in what all hope will be a happy and prosperous 2019.

Jonny Peters, Founder of Dream Coin

BLOCK TRIBUNE:  Where do you see bitcoin heading in 2019 and why?

ANSWER:  The situation is the same as 2000, when the Internet boom suddenly went bust. While all the speculators were saying things like “the Internet was a passing fad” more and more people and businesses were starting to use the Internet as a central part of their business. The same thing is happening right now with blockchain, and Bitcoin is only getting more and more solid.

BLOCK TRIBUNE:  Have recent crypto plunges affected your outlook and/or plans for 2019?

ANSWER:  Not at the moment. Dream Coin has a branded security token tagged to a film. If the film looks like it’s coming together well, then the token will be worth something to investors. When the film makes real revenues token holders earn a royalty.  We use blockchain to make it work. Use cases for blockchain are only expanding.

BLOCK TRIBUNE:  What role will stablecoins have in the market in 2019?

ANSWER: It really depends on what they are stablizing. In the case of Dream Coin, we may have to escrow funds for a period of time while a film heads toward its minimum, so film producers will be keen to know that their funds are not susceptible to market fluctuations. There’s an example of a role for stablecoins right there.

BLOCK TRIBUNE:  Which sectors – energy, e-commerce, gambling – do you think will have the biggest impact in the blockchain industry in 2019? 

ANSWER:  Security tokens. Investors need a better understanding of what they are buying. Predicting whether a real asset will earn revenues is something that investors have been doing for a long, long time. Blockchain and security tokens bring liquidity to assets that never had it before – like film!

BLOCK TRIBUNE: What event would you like to see happen in 2019?

ANSWER: I would like to see a kickstarter-type campaign happen where everyone buys in… and they find out that the only reason why they could do so was because of blockchain.

BLOCK TRIBUNE: Is the ICO dead as an effective fundraiser?  Why or why not?

ANSWER: I don’t think it’s dead. What happened in 2017 was that too many of them happened and true utility value got nuanced. Real utility value does exist, and with that, utility tokens can still fund the creation of an asset. I do think that the token itself needs to be some inherent part of the universe that it’s funding, eg – a massive multiplayer game about growing things could make a ‘seed’ token that you need to purchase to be able to plant trees.

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