Crypto Predictions for 2020: Who’s Right?

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In late 2019, dozens of major figures in the crypto and blockchain industry made predictions on price, market condition, and more.

We took predictions from TokenDaily’s Post Crypto Crystal Ball 2020 to find out who was right, who was wrong, and who dreamed outright.

Best Crypto Predictions 2020

Bram Cohen, Chia / BitTorrent

BitTorrent Creator Bram Cohen kept it short and sweet with its prediction last year, saying, “Tether takes over the # 3 position by market cap.”

He was right! Tether is currently # 4 but really rose to become the third market cap sign earlier this year, and is ready to reclaim the position at any time.

Score: Pass

Katherine Wu, Capital of Notation

Note Capital investor Katherine Wu he predicted that “2020 will be a special year for better and more human-centered designs.

With the increasing focus on UI in products like Status as well as PayPal integrates crypto, it’s fair to say that the industry has become more user-friendly over the past year. Wu predicted an increase in better tools for “native non-crypto designers who might want to build something on a decentralized web-based alternative.”

On the regulatory side of things, Wu said, “I think there have been enough SEC / IRS / CFTC predictions and tensions to strike fear right among US founders / investors,” anticipating that more crypto projects would be geo- fencing US users and customers at the launch. Top marks for Katherine Wu for 2020.

Score: Pass

Ari Nazir, Nuclear Capital

Managing Partner at Neural Capital, Ari Nazir, he said “exchange tokens will continue to be the strongest performing vapor-free investments in Crypto. In particular, FTX will take even more trading volume market share from the current swaps and move to the Top 5 in volume volume. “

In fact, FTX had a good year but sits at # 28 for spot markets and # 6 for derivatives at the time of writing, making this prediction a failure.

Score: Can’t

Jacob Horne, Coinbase

Coinbase Product Manager Jacob Horne had several correct predictions, saying, “if 2018 was the year of stablecoins, and 2019 was the year of DeFi, I believe that 2020 will be the year of building consumer and institutional products of ‘Crypto banks’ that use both.”

2020 saw it all US banks receive the green light to offer crypto custody services, making this prediction a solid victory.

Horne also correctly estimated that USDC’s supply would exceed $ 1 billion (it is now above $ 3 billion).

The last prediction, however, was a bag. Although his estimate that 10,000 DAO would have failed to reach the 88 currently operational, he was correct in saying that at least one DAO would manage assets worth over $ 10 million.

Score: Mixed

Joey Krug, Pantera Capital

Krug estimated “we will see> $ 2M bet a week on Augur by the end of 2020. ”

Speaking to Crypto Briefing in November 2020, Krug said, “the last couple days have been> $ 1M volume days on the election market,” so it looks like Joey has nailed his short prediction for the coming year.

Score: Pass

Charlie Noyes, Paradigm

Partner paradigm Charles Noyes envisage a large DAO being occupied hostilely, predicting that “at least one DAO will be taken over by prominent malicious rebel voters for> $ 1mm in profit” by the end of 2020.

Fortunately for the DAO community, this has not happened – yet.

Score: Can’t

Nic Carter, Castle Island Ventures

Nic Carter issued numerous predictions, all of which came true. He predicted Carter Binance would be forced out of Malta, as well as fiat-backed stacks facing “substantial regulatory scrutiny” in 2020.

The The SEC won its case against Kik, just as Carter predicted, though this did not cause “dozens of similar tickets to dissolve and settle at once,” as even the Kin survived the ticket of that suffering. Carter also believed that a major US exchange would introduce a consumer-facing backup test protocol, which has not yet expired.

Score: Pass

Dani Grant, Union Square Ventures

USV Analyst Dani Grant he predicted that “someone is going to build and launch a crypto breakout consumer product.” This is a little tricky – Grant suggested the product would be “fun, social and game-like.”

While we haven’t seen that kind of product emerge specifically, Paypal’s crypto integration definitely fits into the crypto breakout product bill.

Grant also suggested launching networks such as Polkadot it would “capture some of the hearts and minds of developers who are currently building on Ethereum and firing new active ecosystems from developer tools and apps,” which has come to an end.

Adding to it all with a more secure prediction that Bitcoin would remain # 1 by market cap, Grant had a firm grasp of what was to come in 2020.

Score: Pass

The Winklevoss twins

Founders of Gemini he insisted that the Bitcoin halves would not be priced, leading to a big bull run.

Of course, 2020 was the year of the bull run, but the halving most likely did not play a large role implemented in prices.

“NFTs aka ‘nifties’ will be one of the most exciting areas in the field of crypto and renewing excitement for mainstream use cases,” said the twins. “The opportunities for unlicensed exchanges will start to shrink globally, but they will continue to grow for licensed operators. China will launch their own stablcoin, which will boost the entire crypto industry, even decentralized cryptos like bitcoin. “

NFTs have indeed sparked interest, though the market has stagnated. China has not moved past it yet initial trial of its stablecoin, with the launch date likely over a year out, making these predictions mixed at best.

Score: Mixed

Su Zhu, the Capital of Three Arrow

Su Zhu Three Arrow Capital hit the nail with its first two predictions, saying, “Bitcoin breaks ATHs at some point during the year. Negotiating BTC on sidechains like Ethereum, Liquid, etc., gains traction as BTC is added to DeFi and avg tx fees increase. ”

However, his prediction that BTC’s options trading volumes would increase did not increase “10x-100x as CME and Bakkt options products bring in significant institutional interest and liquidity”. Maybe next year.

Score: Mixed

Johnny Dilley, Mempool Partners

Founder of Mempool Partners Johnny Dilley predicted in 2020, “everyone forgets the halving. As we aim for the halving, FOMO will kick in. ”

This did not come, of course. The halves were widely publicized in the months and weeks before the event, and the price remained flat during the halving and for months thereafter.

Score: Can’t

Bring 2020 to a close

Predicting the various consequences of this chaotic industry is often foolish. Those on this list who earned a solid “bass” deserve close attention as we guide in a new year.

Who knows who will populate this list in 2021 within even more ambitious predictions. In crypto, anything can really happen.

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