Moas spoke with CoinDesk about his forecast for the cryptomarket. He predicts that all cryptocurrencies will be worth $ 2 trillion in the next 10 years, a significant bump from their current standing at $ 150 billion. Moas sees a direct parallel between the crypto market and the “dot-com boom” of the 1990s.
“I am not any more concerned with bitcoin being at a record high than Amazon or Google investors were concerned when those share prices jumped hundreds of percent and hit $ 100 and $ 200 many years ago. Today, both of those stocks are above $ 900. The question is not where we are at — it is where are we going? I do not think we are in a bubble.”
As for bitcoin specifically, Moas is predicting prices to continue to soar with value reaching $ 15,000 to $ 20,000 in the next three years.
Others, like Peter Schiff, an investor who predicted the 2008 mortgage crisis, see bitcoin and other cryptocurrencies as existing in a bubble and as a Ponzi scheme built on “just plain greed.” Still, there is no way to know which way this market will go as no one has yet invented a way to see into the future.
Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content.
California already has some of the most generous incentives to get an electric car, but people living in San Diego are being further enticed to go the plug-in route.
Through September 30th, San Diego Gas & Electric will offer its utility customers $ 10,000 toward a BMW i3 or Nissan Leaf. That’s in addition to the state of California’s offer of up to $ 2,500 in rebates on plug-ins, as well as the $ 7,500 federal tax credit. Depending on models, SDG&E customers could get up to $ 20,000 in credits and rebates. That’s a huge amount of incentives, especially on a Nissan Leaf that starts at $ 31,565. The utility company also offers an annual bill credit of up to $ 200 for driving an electric vehicle.
A few months ago, iconic British phone manufacturer Vertu announced that it would enter liquidation after encountering financial difficulties. Now, it’s auctioning the contents of its UK factory, giving the world a window into tech’s most extravagant phone brand. So sad to see @Vertu factory abandoned ahead of auction today. I have many happy memories of this place. Was a UK tech jewel once. pic.twitter.com/eV5mXmGlF2 — Ben Wood (@benwood) August 10, 2017 Most people never owned a Vertu handset — the cheapest models typically cost several thousands, making them exclusively the preserve of the ultra-wealthy. The Vertu Signiature Touch, for…
More than just about any other electronics products, TVs cost a fortune if you really want the biggest, best model available. Case in point is Samsung's Q9, the latest model in its top-end QLED lineup. At 88-inches, the 4K model is now Samsung's larg… Engadget RSS Feed
Samsung sure loves big screens. Several weeks after the electronics giant announced plans to manufacture a massive 49-inch monitor for gamers, the company has now unveiled a ginormous new TV touting an impressive 88-inch display. In addition to its enormous ultra-wide screen, the all-new Q9 features a sleek QLED panel that Samsung guarantees will resist burnt-in pixels for at least the first 10 years. It will boast a 4K Ultra HD resolution and also support HDR. Needless to say, it will be compatible with Samsung’s all-in-one smart remotes. To give you a better idea how big the TV actually is,…