Blockchain Capital Partner, Spencer Bogart, has been talking to Bloomberg about his predictions for Bitcoin in 2020. TL;DR – things will go vertical, and though he isn’t specifically referring to BTC price, that may well follow.
The End Of The Horizontal Competition Era
Bogart’s most anticipated element of cryptocurrency industry development in 2020 is to see the ‘Vertical Construction’ era play out.
The past few years have been dominated by ICOs and the growth of horizontal competition. People realised that open, public, permissionless blockchains were the real driver of innovation in the space, and not the private enterprise blockchains being toyed with from 2014-2016.
The result of this realisation was the launch of many, many competing blockchain platforms, all hoping to be the 3.0 or 4.0 to Bitcoin’s 1.0. Lots of these have now hit the market, but are not attracting much developer attention.
Bitcoin Skyward Bound
Instead, investor and developer momentum has shifted back to building on platforms which are already working,…