Crypto Will Bring A New Vertical Era In 2020
There are some pretty bold predictions regarding cryptos and the blockchain technology despite the fact that prices did not head to the moon this year.
2020 to bring a new vertical era
Spencer Bogart is a general partner at the venture capital company Blockchain Capital, and he said that he’s really excited for 2020 to bring a new vertical era that will focus on building on top of the BTC and ETH protocols.
In a new interview with Bloomberg, Bogart had a few interesting things to say, as reported by the online publication the Daily Hodl.
He believes that the industry is moving past competitors and ICO supporting firms that looked past Bitcoin in order to try and build decentralized protocols on their own.
“I think investor and developer momentum has really shifted back towards ‘Hey, let’s build on the things that are working, so let’s go build on top of Bitcoin, let’s go build on top of Ethereum,” he said.
He continued and pointed out this: “And I think as people build up the stack of those protocols, we’re gonna see more and more useful applications and services that are built on top of them, and that’s what I’m excited about looking forward.”
BTC halving is scheduled for May 2020
He also offered his opinion on the upcoming BTC halving.
“I guess I’m somewhere in between. Look, it’s absolutely priced in in the truest sense of there are no risk-free returns to be had here. So in that sense, 100% priced in. Will price rise around the time of the halvening? That’s a little bit more of a nuanced question.”
You should check out the complete interview with Bloomberg in order to learn everything that he had to say.
Anyway, despite the huge market volatility, there have been a lot of optimistic crypto predictions this year.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.