Blockchain News
Bitcoin is “ going to go way up in the short term , short term being the next few months , maybe a year ”.
Herjavec even claimed Bitcoin is going to surpass its all-time high , noting that he was calling it right there . However , he believes cryptocurrencies should and will be regulated . Per his words , as regulations start coming out , the flagship cryptocurrency will “ come way down ”.
During that journey , the TV star added , there will be highs and lows . He noted that the cryptocurrency market is a very speculative one , and asserted that “ on a long-term basis , it ’ s here to stay ”. security of a transaction ” is very promising .
So much so , that he believes blockchain will be able to put data back into the hands of consumers , instead of it being owned by a central authority as it is today . Moreover , Herjavec thinks people will need to “ present the minimum amount of identifying information needed to make a secure transaction ”.
His sentiment towards blockchain technology is similar to that of fellow Shark Tank star and FUBU apparel CEO Daymond John , who on Twitter revealed it has potential :
Based on this , Herjavec went against the “ hodl ” mindset , stating :
“ I don ’ t know if you want to own bitcoin right now . I think you want to get in , and you want to get out .”
Regarding security , the businessman pointed out that cryptocurrency exchanges “ are not prone to great security ”. To prove his point , he pointed out the recent hack at Coincheck , that saw over $ 500 million worth NEM get stolen .
Francisco Memoria franciscom @ coregroup . info
Robert Herjavec is bullish on blockchain technology
While Robert Herjavec seemingly sees bitcoin and cryptocurrencies as a bubble , he did show he was bullish on blockchain technology . According to him , the technology ’ s “ inherent
Core Magazine 33