Venture Capitalist Chris Dixon Believes Bitcoin Will Hit $100k
Bitcoin was on a wild roller-coaster ride for much of 2013. The digital currency has been trading in the triple digit territory for weeks, but there is no shortage of optimists who believe it will soon go north of $1,000 - and then some. Chris Dixon, a Silicon Valley venture capitalist and Andreessen Horowitz partner, believes a single bitcoin might even be worth $100,000. However, for that to happen bitcoin adoption would have to go through the roof. Dixon believes the $100,000 mark could be reached if bitcoin becomes the primary means of making online transactions. "It would have been....
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Silicon Valley loves innovation. But when it comes to new tech businesses in the finance sector, it's been stymied at multiple turns: by the power of Wall Street, by the difficulty of competing with capital-flush banks and hedge funds, and by an intimidating regulatory environment. That's what a leading venture capitalist believes ... and that's why he sees bitcoin as the missing piece of the internet commerce jigsaw. The bitcoin market, he says, is finding a strong appetite for investment for a reason. "I believe in it," said Chris Dixon, general partner at Andreessen Horowitz, a leading....
We all know that bitcoin is decentralized electronic money that runs on a network that can do all kinds of interesting things. The key question is, what can you do with bitcoin that you can't do with anything else? What does it mean when bitcoin goes native? Note that the term "native" applied to bitcoin is due to Fred Wilson (a venture capitalist based in New York) and expanded upon by Chris Dixon (another venture capitalist based in San Francisco). Wilson writes (in The Bitcoin Hype Cycle): "What's more interesting is the question of what will lead us onto the slope of enlightenment? I....
Barriers to Adoption. The fascinating emergence of Bitcoin has been powered largely by a "for us by us" dynamic, the growth of specialists intimately involved with cryptography, embraced by highly technical people of a wider variety. Eventually this bubbled up to the venture capitalist world, with a concerted attempt to "bring Bitcoin to the masses," including PR campaigns like that recently waged by Marc Andreessen in the New York Times. Although the "for us by us" approach has been successful in many instances, it also presents very large barriers to mainstream adoption. One of these....
Just a year ago, a bitcoin was worth $13. And today, the same piece of digital currency is valued at more than $800 on popular online money exchanges. But Chris Dixon believes that’s still a serious bargain. Dixon, a partner with the big-name Silicon Valley venture capital firm Andressen Horowitz, is adamant that bitcoin could become the primary means of making payments on the internet, and if that happens, the price of a bitcoin will skyrocket. “I think it could be easily worth $100,000,” he says. That may seem crazy, but Dixon is not alone. Many among the bitcoin faithful believe that....
Bitcoin (BTC) and Ether (ETH) could be on the verge of significant price adjustments, according to insights shared by prominent crypto venture capitalist Chris Burniske. Burniske, the founder of Placeholder Capital, on the social media platform X offered a unique perspective on the current state of the cryptocurrency market, suggesting that a phase of selling […]