A year ago, Alex Tapscott (my co-author of Blockchain Revolution ) and I made some predictions for 2017. At the end of the year we compared those predictions to what had actually occurred. Overall they stood up well. Notably we said: “Bitcoin will hit $2,000 (that’s right: one bitcoin will be worth $2,000). Ethereum will not collapse, post-DAO, but will become a dominant platform for new apps and new business models.” We were ridiculed by some for forecasting that bitcoin would nearly triple in value. “You guys are nuts,” was a popular tweet. Of course, only in the wild world of cryptocurrencies can you set a one-year price target implying a near 200% return, and miss the mark by a factor of nearly 10! As for ethereum, the fork happened and ethereum kept on chugging away, became the de-facto platform for the ICO ( initial coin offering ) boom that launched a thousand dapps (distributed applications), from distributed file storage and prediction markets to collectible kit...
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