Tuur Demeester, founding father of Adamant Capital, gives a broad replace on cryptocurrency markets. He shares his evaluation of the 2019 crypto selloff in addition to his future market outlook. Additionally, Demeester discusses his view of the way forward for blockchain based mostly good contracts, fee processing, and asset tokenization. Filmed on December 13, 2019 in Austin, Texas.
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Cryptocurrency: 2019 Update (w/ Tuur Demeester) https://www.youtube.com/c/RealVisionTelevision
Transcript: For the complete transcript go to: https://rvtv.io/2Ro7ux4 That does not imply that the underside is right here. I imply, accumulation can occur all through a bear market. But it’s what ultimately goes to construct a backside within the worth. And then on the opposite hand, we simply have to see the promoting being exhausted. There goes to ICOs which can be going to maintain promoting their treasuries as a result of, in lots of circumstances, I feel they’re going to be compelled to do some sort of refund to their prospects. There’s additionally hedge funds which may be unwinding that should be promoting. And so it is arduous to inform the place precisely the underside is. I feel bitcoin cycles are lengthening, like we are transferring in direction of bitcoin as being simply one other commodity like copper and gold, very giant market, slower transferring cycles. And so that would imply that this bear market goes to final a bit longer than earlier ones as nicely. But that being mentioned, if I take a look at the worth indicators that we have constructed, they’re exhibiting that proper now bitcoin is a good worth. You can not say that bitcoin is overvalued. And I see it within the sentiment as nicely, whereas just a few months in the past, there was plenty of hope nonetheless. There was pleasure about the place we had been going to go in direction of the top of the yr. And that is became, I might say, considerably disgust. People really feel betrayed to some extent. I’m getting the Twitter equal of hate mail, which I do not suppose is as a result of folks hate me. I simply suppose that they’re reminded of bitcoin as a result of they see one thing that I posted. And in order that, to me, means capitulation. I feel we’re within the capitulation part. And so that is the place I really feel greatest. This is the time for me to build up, to do enterprise. And plenty of the noise has been stripped away. And with the tide that is receded, whoever continues to be standing, these are the folks I feel value taking a look at and concepts value exploring. Where do you see worth on this market? So the place do I see actual worth on this market at the moment? I see it in bitcoin. I feel bitcoin is exhibiting that it’s a very liquid market. It is a legitimate asset to be diversified into. If you concentrate on long-term retailer of worth, it has a cap provide, predictable financial coverage. It’s extraordinarily safe, it is censorshipresistant, all these options. And it is really decentralized, as a result of I feel that is what we’re studying now, is that plenty of tasks that had been sort of operating on that wave of we’re decentralized or we’re blockchain– you understand, it is changing into clear that that is not straightforward to really make your token or asset decentralized and safe. We’re seeing plenty of 51% assaults on the smaller cash beginning to occur now and the regulators cracking down on the extra centralized tasks. So I feel bitcoin is basically shining on this adversarial surroundings.
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