Matt BrittonFounder & CEO powering AI-driven consumer insights

My thoughts on the future of cryptocurrencies...

Name: My thoughts on the future of cryptocurrencies...
Uploaded: 2018-02-25T22:49:48Z
Channel: Matt Britton
Description: Matt Britton, speaking in a YouTube video titled "My thoughts on the future of cryptocurrencies...", offers a cautious outlook on bitcoin and…

25 Feb 2018

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Matt Britton, speaking in a YouTube video titled "My thoughts on the future of cryptocurrencies...", offers a cautious outlook on bitcoin and cryptocurrencies: he expects a market 'shakeout' similar to the dot-com era (many projects failing, a few core winners remaining), argues that scarcity (limited supply) is needed to sustain price increases amid many new ICOs, and warns government intervention (governments wanting visibility into money flows) will be a key issue.

And speaking of cash, now we have the blockchain and we have bitcoin. I've already been asked about that probably 12 to 15 times because I've been here and I understand why. First, my take on bitcoin is I think there's gonna be a shakeout. So if you look at 2000, that there's a dot com shakeout, right? There was so many companies advertising, and 90% of them went out of business. Right. But then there was still an ebay and Amazon that came out of it. I think cryptocurrency is going to be the same thing. What should be driving up prices right now is scarcity. There needs to be scarcity. If there's endless supply because there's new ICOs coming out every day, then how can the prices keep going up? It would go up with scarcity. So I think there's going to be some core brands which will become the new cryptocurrencies. I think one of the issues, again, is going to be government intervention, because the thing about money is that the government likes to know who has it and how it's being used.