First lets define a venture capitalist and what are they doing for a living. A venture capitalist is a person or company that invests in a business venture, providing capital for startup or expansion. The private equity investor will provides capital to companies exhibiting high growth potential in exchange for an equity stake. They are willing to risk investing in such companies because they can earn a massive return on their investments if these companies are a success. Venture Capitalists can experience high rates of failure due to the uncertainty that is involved with new and unproven companies.
Simon Dedic is one of the Venture Capitalists with a high involvement in the cryptocurrency market. He is the co-founder of digital asset intelligence firm Blockfyre, a block-chain and crypto enthusiast, with many good predictions and forecasts in the field. In 2019 he said that block-chain project are ridiculously under-valuated and the bubble burst was much needed to pave the way for the real implementation of cryptocurrencies.
"When the market went crazy in 2017, I could only have dreamt of projects with live products and incoming revenue. Today, these projects are around and ridiculously undervalued. It seems the bubble burst was much needed to pave the way for the true adopters and innovator" - Simon Dedic (19 November 2019)
Now, he believes that Bitcoin will put together a face-melting rally in the next bull run. Aided by the BTC bull run, five alt-coins will outshining the leading cryptocurrency. He strongly believes that when the crypto market will launch another bull run, the rising tide will not lift all boats, however Bitcoin will soar nearly 1,500% to $150,000 in a new bull cycle. Unlike the peak of the 2017 crypto bull market, when many alt-coins generated gains of over 1,000%, the Blockfyre executive believes only a handful of alt-coins will print potentially life-changing gains.
He expects Ethereum, the second-largest cryptocurrency, to skyrocket to $9,000 for an increase of 3,650% from its current price of $240 and Chainlink (LINK) to surge over 4,500% to $200, from $4.34. He also believes BINANCE Coin (BNB) will soar to $500 from $17.64. VeChain (VET), may bring a huge profit, due to the low price, if the $1.00. forecast will happen, a rise of almost 15,000% from its current price of $0.006682. Tezos is believed to generate gains if will spike up to $200 from the current value of $2.91
Personal opinion and analysis
The alt-coin market is currently risky, with many coins remaining down more than 90% from their 2017 all time highs. With many coins still to enter the market, investment can bring either profit or losses of capital. My recommendation is to invest what you can afford to lose, only in projects you believe, and ignore such optimistic forecasts and predictions.
Bitcoin (BTC) will always remain the king of cryptocurrencies. Dedic's prediction looks highly optimistic, however, watching Bitcoin's value in the last year, I believe that the price will continue to grow and probably reach new all time highs in the next 2-3 years. The only problem regarding BTC investment is the high starting price of any investment. Currently holding about $100 of BTC into Binance Savings.
I will be unfair if I will have an opinion about ChainLink (Link) and VeChain (VET) because my knowledge is limited. However the low price could make even low investments very profitable.
Residual income sources:
WiseAlpha
RateSetter
Football Index
Wallets
Binance
Coinbase
Atomic Wallet
Quality Faucets:
Horizen (ZEN)
The Crypto Faucet (TRX)
Free-Litecoin.com (LITECOIN)
Stakecube ( claim over 20 coins daily)
MoonDash.co.in (DASH)
Freebitco.in (BTC)
My author page: PV Mihalache
* If you decide to join any, please consider using my referral link
