Yahoo Founder Jerry Yang’s Bitcoin Predictions Are More Bullish Than You Would Expect

More prominent names are joining the group of Bitcoin supporters lately, and this triggers a ray of hope in the hearts of crypto enthusiasts.

This is like a breath of fresh air after the bearish 2018 this saw the crypto market fall harder than ever. The latest important person to talk about the future of Bitcoin is Yahoo, co-founder Jerry Yang.

During the Innovation Asia Forum in Singapore, Yang has highlighted the elements that he believes are required for the blockchain to eventually take off as reported by Finews Asia.

“Blockchain is a natural technology for banks and trading. If you look at US institutions and banks, the kind of infrastructure that is being developed has long-term implications. For the technology to succeed, the question is can there be trust built? That can open huge amounts of doors.”

Yang, bullish on BTC for a long time

Yang told CNBC back in 2017 that he was a true believer in Bitcoin and the ways in which the crypto can change the current financial system. he was predicting that BTC will also be used for transactions and into only as a store of value.

“Personally, I am a believer in how digital currency can play a role in our society, especially in not only the front end of doing transactions but also the back end of creating a much more efficient system and much more verifiable system,” he said back then.

Philipp Nunn, also bullish on BTC

The crypto expert predicted a while ago that BTC’s price would fall as low as $6,000 and then rise to $60,000.

Despite the negative trend in the crypto market, Nunn stands by his prediction and insists that Bitcoin will be driven by the blockchain to a totally new level.

We’ll have to see what happens this year and if we witness crypto mass adoption.

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