by Steve Schulin, Director of Admissions, Cryptocurrency.Academy
July 14, 2017 (Windy Hill Beach, South Carolina) — How much will any particular cryptocurrency coin be worth years from now? There’s a wide range of folks who have opined about Bitcoin, but I suspect that most of them would agree that they’re pretty much guessing, despite their methodology. Usability of any cryptocurrency is a key factor in my valuations of any coin.
An article in today’s Gulf News newspaper discusses the broader question of how big the cryptocurrency sector as a whole will be in years to come. This is no less difficult a question. The author of the article is Aaron Brown, Bloomberg’s “Market Watch” columnist.
He points out that the Internet now represents 3-6% of the global economy (“only 3-6%” is how he puts it, and also notes that “Most of the value in the net today is from things unimagined in 1995.” Cryptocurrencies and their blockchains look to me to be the same type of innovation. “Permissionless innovation” in cryptocurrency/blockchain is one reason that a professor here in my home state is so keen on this sector.
The article has many other interesting facts and insights, including quantification of payment processing revenues. The link below allows you to read the full text of the column.
When I look at a cryptocurrency’s potential for appreciation, my major question is “How usable is it?” There are two cryptocurrencies that stand out in this regard. To learn more about what cryptocurrency my team of Future Billionaires are accumulating now, enter the live chat window on this page and ask about usabilty!
The challenge of finding value in cryptocurrencies
Jul 14 2017
The 2017 boom in cryptocurrency prices has focused attention once again on valuations. Most of the analysis is either too optimistic or too pessimistic. The former tries to put a hard value for profitable buying and selling decisions on a complex...read more...