Cryptocurrency and blockchain technology are fast-growing industries which are showing great results in worldwide recognition at the moment. 2017 was the year of ICO and crypto rise, astronomical growth of cryptocurrency prices attracted a lot of investors and governments’ attention. Though, in 2018 the massive mainstream slowed down a bit due to a bearing market, yet, the crypto is not fully terminated. The blockchain technology, in its turn, started to gain momentum last year, thus many people think that 2019 is going to the year of blockchain.
Broke Peirce is a famous American entrepreneur which plays an important role in crypto world. In February 2018, Forbes put Pierce in the “top 20 wealthiest people in crypto” with an estimated net worth between $700 million and $1.1 billion. Let us look at the predictions that Pierce made.
Decentralized applications are computer apps that run on DLT, they are starting their own way on platforms like Ethereum, Tron, Cardano, but they definitely have future. Pierce said that dApps have to be scalable, fee-less and frictionless, since no one needs internet if “it’s slow, costs money and doesn’t’ scale.”
“We’re going to see big things being built, multiple applications hitting a million users,” Pierce said. “I love the fact that prices are down. When prices are up, very little gets built because teams don’t stick around. Everyone is getting rich too quick and that de-motivates people. All the best things I’ve seen built in this ecosystem have been built in bear markets.”
Security tokens have gained people’s trust long ago, as they work better and are more regulated than their brother – ICO. Pierce reckons that STOs will bring a lot of money to the market, because we will be able to see a massive “tokenization of the world’s fiat money, debt market, real estate, equities, and art.”
He thinks that STOs are the next wave in the development of capital markets. Unfortunately, ICOs did not manage to protect most of their customers, thus STOs is the future. Pirce assures:
“STOs are designed for investors and can have many provisions that are there to protect market participants.”
Broke Pierce is famous not only in crypto world, but also in gaming industry,thereby he can see a cross-over and foresee that the gaming will thrive in 2019.
“Gaming is going to be a huge part of it,” states Pierce. “The earliest adopters at scale of crypto were gamers. That’s why Korea and China are so big. These were the markets where people played video games and bought and sold virtual currency for games like Second Life and World of Warcraft.”
To predict anything is always hard, we therefore cannot guarantee that above-mentioned will come true, yet we trully believe that digital revolution, including dApps, STOs and gaming, is about to come.
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