New Ethereum talks, every Monday. The week's conference uploads by event, in your inbox.

Loading player…

Ecosystem and Industry Growth: Envisioning the Decade Ahead for Crypto - TOKEN2049 Singapore 2023

TOKEN2049Mon, Oct 9, 2023, 12:00 AM

Transcript

well my illustrious panel up here are joining me to talk about the future as we end day two of this extraordinary token 2049 Singapore more than 10 000 people in all the energy in the world we're going to be talking about the themes we're going to be talking about the technology we're going to be talking about the steps required to go and increase adoption of cryptocurrency and blockchain Technology over the next 10 years joining me as I said is this illustrious panel I'm going to let each of them introduce themselves starting with Fedor okay first of all I'd like to thank our community to stay with us and to come here to visit as all I know that it's not so easy to come from Vietnam we have a very large Vietnamese Community thank you very much yeah excellent Danny uh you know like a crevono of trunches um just wanted to say that you know like very happy to be here um tranches is a structured liquid sticking and an asset tracking protocol um yeah you know like if there's a chance come and take a look at us thank you so much Muhammad I'm Muhammad I'm artificial intelligence engineer and I'm a co-founder of Islamic coin and hack Network excellent and Justin I haven't heard of you what do you do nowadays uh yes I'm focused focus on blockchain development uh StayWell coin and also exchange business we just Rebrand our hobby into htx yesterday indeed we definitely want to talk about that and I'm David Waxman founder and CEO of Waxman the largest communication and strategy firm in the industry but let's talk about goals first what do we want to achieve 10 years from now that we haven't yet Danny I'm looking at you first tell me what have we not achieved in blockchain that 10 years from now we will have well it's a very big question um I guess first of all let's not forget the ethos of like a blockchain we want to be decentralized and who do we actually want to help there's a lot of people who might not have access to the financial system directly they are the unbank and I think blockchain in 10 years time definitely will be able to help a lot of these people getting access to some form of financial system we have also on the other end where there is already the World Bank um and they have been served pretty well by the banking system but it's at the most efficient um Can things be better I think that's the kind of question that D5 is actually here to address uh blockchain definitely can help improve the process from t plus 2 to t plus zero maybe even t plus just one one second two seconds maybe but in the whole big picture we will finally have the unbanked with the World Bank coming together to form a better bigger Financial Circle where everybody has a chance so you think there's going to be a more inclusive Furniture 10 years from now courtesy of blockchain is that right exactly yeah okay but let's talk about things just for a moment beyond that I want to hear your predictions for 10 years from now Justin 10 years from now outside of Finance what can blockchain help transform yes I believe in the next 10 years the most big use case for crypto and blockchain for daily usage is still a stable coin payment transaction um so recently we have seen um the stable one trong has surpassed 30 billion dollars uh currently the total stable coin is around 50 billion dollars and we are transact over 12 billion dollars every day so I think in the next 10 years probably we're gonna have 100 x volume than what we have now so that's why I believe eventually most of people will get on the stable stable coin and the blockchain even without getting know that so you think that they're going to be using blockchain as a rail for General payments even if it's invisible exactly so it's a real for payment real for global settlement but without even again notice is Islamic coin which is built on Hawk I understand is your layer one and we want to explore that a little bit is about more than Finance isn't it yes exactly so we look at it from different point of view always Islamic finance and I would love to focus also on this point he's not exclusive for Muslims it's for everybody and it puts the Community First so first point I see it is happening in the coming 10 years that everything or most of the finance will be governance by the community and this is very important point and there will be more balance and more transparency so this will reflect reflect highly on we talk about 3.69 trillion is the market cap of the Islamic Finance we talk about the Halal products four trillion dollars we talk sorry we need to Define terms here when you say there's 3.69 trillion dollars in Islamic Finance what is Islamic Finance for those of us in the crowd who maybe aren't familiar okay thank you very much well Islamic Finance it puts the Community First so for example in Islamic Finance when we do loans we don't charge any interest so this is first and on the other side it doesn't allow any project that reflects negatively on hold on even before that Islamic Finance is essentially a I don't know concurrent Financial system that is only used or principally used between people who are Islamic is that correct and it adheres to certain rules yes okay exactly so um we say this is a the best tool that ever we've seen um in the technology to serve this huge financial market cap and huge community of 1.9 billions is the blockchain and crypto and web 3. and that's why we are designing this all smart contracts to facilitate these loans we believe in a very short time we talk about 10 years right in less than 10 years majority of this Market will be moved to a decentralization that will be on the blockchain that's interesting so we might see a three plus trillion dollar market this is one that most of us weren't talking about a year or two ago that could go online and purely digital today some of this stuff is traded literally hand to hand my understanding is much of Islamic Finance or at least a good portion is peer-to-peer exactly I will refer also to Danny point when he mentioned about the ambanked people we talk about 51 percent of the Muslim Community and also maybe non-muslim committee there I'm banked yeah and the decentralization blockchain all the financial solution provided today is the best for them to go there with full transparency and it's the less cost it actually has a purpose to serve the community well let's talk a little bit more about this so you know we're talking about the developing World we're talking about the unbanked people who simply are without Fedor can you tell us a little bit about this is something you have a lot of experience in is helping make a more inclusive Financial system even working on this for many years well my opinion and my target is to provide decentralized Solutions first of all Define is number one is our Target is our future well I mean do not have any more order do not have any pressure from the garments and to provide a free product available any place anytime anywhere it's very important to us yes we have an experience to implement the government projects like El pedrino in Venezuela but it was cbdc it was centralized technology but our Target is to digitalize it to give the opportunity to to the to the citizen to our user to our Merchant industry to pay to accept cryptocurrencies based on digitalized model well let's talk about federalized yeah this was centralized as as it's almost a religion decentralization and I want to make sure that we parse this for this audience because we should take a sober view of something that we talk about all the time Justin how important is decentralization or is this simply a buzzword that gets repeated too much yes uh I I believe decentralization is one of the top priority for the wild blockchain because decentralization is about rich consensus globally uh we need like everyone's participation we need a permission list Network we need everyone running the blockchain nodes just like Bitcoin is doing which can come up with the global consensus right everybody can trust the transaction it's 100 on Chan like everybody can check the history this is extremely important for other people if they want to Above This standard right for example like how can people in Korea trust a network if all the nodes is running in Japan no it's it's a fair problem and to be blunt we're seeing a lot of centralization of nodes we're seeing I mean including in dpos systems we've seen some sincere Geographic risks and other types of counterparty risk yes and certainly centralization risk yes that's something I think every layer one developers and the founders uh needs to mitigate right recently we even see like ethereum has uh 33 percent of the is like holding by Lido like one sticker right so I think this analyzation is kind of like uh Dynamic right so we always needs to find a way to make sure it's decentralized in region and by entity well this is a complicated problem to solve Justin because to be clear sometimes in monopolies form simply because of Market pressures there's a reason to go with one thing but Danny you and I were talking backstage about this about kind of some of the the forces that cause centralization and maybe some of the ways that we can help decentralize this so what do you think how can we help ensure property centralization um I think it's a growing process and evolution for decentralization to take place but at some point when Protocols are doing well they will become centralized if they are good um you know like the biggest liquids taking it could be liable they they will actually be kind of like being followed by other people and it becomes centralized but is that the end of decentralization no because there will be competitors that's stepping up by ourselves like other protocols who tries to also do better I think with that coming in place the decentralization will then happen again so sometimes you need to go decentralized to centralize because they are doing well let them continue doing other people will mimic other people do better decentralization will take place also another note I think centralization sometimes have to come in to help get the attention educate and also direct things you need someone to start it well initially okay so maybe we need to jump start the engine but I want to think or take a longer perspective here we have 10 years we're talking about now to try and achieve a goal and if one of the goals that we can all agree on the stage on is to have more decentralization 10 years from now I'd like to know kind of what steps we need to take Muhammad maybe you can tell us what's this we need to take to ensure a more decentralized financial system and I think more than that I want to make sure we cover other use cases other than Finance on the stage today but how can we have more decentralization well from my point of view uh the whole business today um centralized all decentralized is still in Need for more ethics and values and that's what's missing but in in decentralization way uh what we do we have two levels to make sure it is mature and it is going with the ethics and value so level number one when you are on our blockchain and it's a decentralized blockchain you're welcome but you have to you it's a choice optional but if you go you go to you want a Community Trust you go through Sharia Oracle this Oracle will go to stage stage number one Community will vote if they like your project or not stage number two is the Sharia board where they will check the ethical part and the value part of the project does it go on a positive way on the community or not so this is a layer that's there and it is decentralized on the blockchain it gives more step to stabilize this but let me just add one small point today what I see in the whole business the rescue we talk a lot about risk and decentralization but today I think there are a lot of leaks also in centralization so which one to choose better I think decentralization moving into better mature level you know another major risk and I think it's important that we know where we stand before we figure out where we're going to go is Trust I think that in the last year and I think most of you would agree our industry has lost a lot of the trust that was gained over about a decade and a half since Bitcoin was founded how can we build back some of that trust doesn't yes so uh I have two secret recipes for trust a secret recipe yeah sure uh first is transparency I think it's very important uh when Satoshi first funded Bitcoin I think all the block is transparent on blockchain uh you can check and nowadays after the fall of FTX I think everybody realized the importance of transparency so right now every major blockchain and the exchange in the world all have mercury tests using zero knowledge proof reports um hobby htx also collaborate with lots of sub parties like nansem D5 llama to generate transparency reports so everyone can know their assets is on blockchain it's not going anywhere right it's just there so I think transparency is very important for blockchains the same and also I think it's Global consensus so we need everybody's gray on the same agenda topic so before I think lots of people is kind of probably like U.

S regulation uh Bitcoin getting on ETF you know ethereum getting our ETF these are the topics we're talking about now yeah exactly but right now since when I'm seeing a U.S regulation become are very uncertain right so we have seen like Korea like Japan Singapore Hong Kong right become like very promising so that's why I think eventually we need like everybody on board to drive the Bitcoin price to a new level right well even before we drive prices to new levels I think that there's simply just trust in the ecosystem we need to be had yes I I think you know in order to build trust maybe something fundamental to build is a trust system right so we know that there's credit rating agencies around in the so-called traditional Finance maybe that's something that we can embark on trying to build better something uh you know a code rating uh a credit rating maybe even the tokens earning the size of it it can become a formula I mean it's not a known uh kind of a methodology now but maybe it's something that we can invest time in building and second of all you know like trust also comes with a safety net maybe Insurance kind of a protocol or more protection within maintaining the you know the blockchain space can be better we have some form of insurance coverage now but the coverage percentage is very little so if you want to encourage trust you want to encourage more people to come in insurance is actually quite a very important factor very interesting it's one of these Primitives that needs to be further built out I would think what else is our ecosystem missing we've got stable coins we've got a you know faster Financial system why haven't we built something like let me ask you this Fedor on-chain voting why isn't that taken off yet well I'm sure that uh first of all we must be legalized it's it's number one because we have to work secure we have to work with transparency in any country in any country in the region it's very important to us to have a low or for the tokens issuance for the tokens or circulations and the subject Etc it's very important the second one is infrastructure as we told before ecosystem we have to make Integrations between blockchains between other chains we have to to do it easy easy and with the transparency for example we are implementing zero technology now for defy Dao or cross Finance yes it's the same one close by well so that uh technical question is very important also and um easy product the third one available in the street available through corners available to the internet virtually materials any kind I want to understand Justin how we can make because the best thing you were saying earlier blockchain even a more transparent technology you know I've long said that and I said this five years ago and I was wrong that eventually five years from now um people will be using blockchain without knowing it yes are they doing that today and why will they be doing that in the future outside of stable coin use yes um so first of all I believe blockchain actually is an infrastructure right so actually lots of people can build tabs and the D5 application and even uh usage based on the blockchain right recently you have seen like a friend hack this kind of the social media app even based on the blockchain but right now I think there is a still loss of the technical know-how you need to get to know blockchain before using it for example you need to have secret key um basically you need to understand like how to control the money and if you are not tech savvy person probably lose the security key you might lose the assets in the key I've done that before yes so I think this is also very dangerous so for common users probably in the future I think we need custodian wallet right which is completely based on a UB key and those type of knowledge help you to guarantee the safety of the assets but the same time you can just enjoy the crypto just like using credit cards using iPhone you know embedded with web 2 technology which provides the perfect experience for everyone to enjoy I want to Circle back to social networks in just a minute but let's talk about security Mohammed you know you actually come from artificial intelligence in your background in cyber security how can we make more secure web 3 Financial system well um technology is one part when it comes to security but there is another part also which is the awareness I mean most of the hacking or let's say the security gaps that happen today is not only technology problem there is a lot of lack of awareness from the users people they want to get money they want to invest and they don't want to read they want no they don't want to go through the details and understand them more and then when they're facing problems they come and say oh there is not it's not secure or they go blame the regulatory that it is not existed there but it is actually when we talk about security it's a collaboration between Tech developers bit and Technology provider between the community between the people who spread the awareness so this all merge together to provide a secure platform and we are just in hurry I think today when we look at the web three web three is getting into mature level we should not be fast to over expect things we go back in the history when online banking started when online payments started when all these Revolution resolution happened in the past it really good time until it is reaching to mature level today we just need to give more time and a lot of Technology now being developed in terms of security and monitoring using the AI today exchanges using artificial intelligence to monitor the wallets and check the bad behavior and check the money flow so it's going into mature level just need some patience more awareness more collaboration Danny I want to talk a little bit about another huge problem that we have that hopefully is solved 10 years from now and that's UI user interface blockchain is terribly challenging to use today as Justin was mentioning it's hard to set up a wallet it's very easy to lose your keys for Millions if we want to have billions of people making use of this Tech I think we need to solve this problem how are we going to do it so you want to tackle the UI ux situation yes I do well you know like I think first of all right we have seen an evolution of how criticals have already changed from very initial days to no and I I do think that a lot of the protocols they also are getting ready not just for the native crypto Community they are also getting ready for mainstream for accredited investors for institutions I like to come in and use so everybody have that in mind I see rebrandings I see even like a revamping of protocols uh maybe even exchanges to be a bit more friendly I think exchanges will be the closest there is uh to kind of the real world and they already doing a good job so maybe the rest of the crypto world are also following suit to actually improve themselves and get in line now in terms of also the UI ux if I want to say how you can improve someone was just speaking to me the other day say that oh like how can I actually go on and set up a wallet they have no idea so lots of education and all this have to come in but is it possible for um known web 2 setups Google Apple pay whatever to be able to do um at the back of it a simple transition for you to be able to enter into what three they provide a wallet at the end you come in lock in with your details well it's so called centralized but it does allow you a first foray into setting out a wallet and into the chain as they get to know things better they start to uncover the world of D5 protocols and so on they can then buy themselves set up their own wallet and going but that's the first step to everything maybe that UI ux the integration can come in and help to move things a bit faster I mean look UI is critically important and I told you I was going to circle back to social networks yes way back in 2016 I was part of the team that helped launch steemit which I think you might know a thing or two about it and it was a great concept here was the idea for those of you who don't know what if there was something like Reddit except instead of getting pointless Karma yes you might actually get paid something compensated for the work that you were doing to improve a social network it was it seemed Fair it seemed egalitarian but of course there seemed to be some tokenomics issues over time those the value of those things dropped over time but it seems like something you sincerely believe in as well yes why has Tron why have you invested so much in web 3 powered social networks and how do we solve the UI problem that has made it well so difficult for regular people to make use of them yes so first of all I believe on decentralization is not only the tax structure right so it's like multiple validator like globally validates on the blocks but also is is a philosophy right behind all the products um today we have seen like Facebook you know Instagram all the very big giants companies control users data control social network so everybody um data actually is belonged to a very big company they monetize on those data as well yeah you basically whether you know it or not you say yes and you agree to them owning all your stuff yes exactly so so that's why I think blockchain as a theory right has provided a way for even all the web 2 application to change the status quo to become like one of the decentralized structure for every developers in the world they can build something actually give the data and give the Privacy back to the users that's also basically why the steamy is launched in the first place right so right now I think there is a still loss of the infrastructure support we need to build before we achieve these very ambitious goal first is payment right people need to make payments based on those applications and also of course is the key right how do you control the data exactly and when people lose their he how do you recover it um and we also we see some other applications like work one you know try to identify people's identity by eyeballs so we we see lots of uh Solutions here uh and also I think we need to have a very good capability of the blockchain itself because it's gonna means you need to process tens of millions of the transactions this is core infrastructure and yes I think you're right we need to have that too yeah but Justin you've made investments in Social Network companies and I would say the front end matters just as much as the back end if we want people to actually use this Tech it doesn't have to just work on the back end people have to want to use it yes Muhammad let me ask you something do you believe in web3 gaming as a conduit to get millions of people online or do you think that it's going to be mostly from the finance side that we're going to get people using blockchain Tech well I believe of course in web 3 gaming and and I think the most successful model from my point of view that anyone will build something in the web 3 or let's say talk about metaverse it will need to be hybrid with augmented reality because not everybody today can go to metaverse or use it I mean to for user adoption you need to take them step by step so when you do two versions or two options like a metaverse and there's augmented reality they can just use their mobile and then start with it then move step by step we need to take them to that level and that's also have a connection with your previous smart question the ux UI today we want the people to use all the application in web3 or in crypto without they feel they are in the crypto world like simple people I don't need to explain them what's cryptocurrency or what's blockchain if we want to attract the non-cryptonative people they should just have an application very easy that's why when we design the wallet we put just send receive state and that's it then with the time you take them to next steps so that's my point of view Danny I want to talk a little about Finance again again taking the Long View 10 years out I'd presume I hope that we're not going to see interest rates Rising all the time for the next 10 years that we might actually see some sort of abatement there and perhaps yet another macro bull run some sort of growth environment for the world over the next 10 years if that's true are we going to see the rise of D5 once again is that the driver well um you know the way we should be looking at it is uh crypto is an asset class that follows a risk on environment just like equities and so on uh now that we are at a till end of a really high um I think there's a good chance for the market to be doing very well and if rate height is uh something of the past and we have a lowering interest rate I think people will start to be interested in looking at more Investments both into traditional type and into Webster the the future is great um in fact like a lot of people have been holding back sort of resources Investments because they feel that oh I'm getting a better leverage you know just putting inside bonds why am I doing other stuff right but now with everything coming down I think there's a huge runway for many things to come up I think you know like the previous stuff that we talked about AI metaverse all the different interesting protocols it's it's all going to move positive and that's how I see it one more question for you yeah you know we've talked a little bit about kind of the underlying collateral that Defy is based on and mostly it's been on-chain assets sometimes volatile ones like ether right that's kind of how maker would operate but we're seeing an increasing interest in we're called real world assets or rwa do you think that the next 10 years this is actually going to take off or is it still going to be something we're talking about on stage then you mean currency you call stable coins the first instance of rwa is that correct yeah but what's next after that um for me sabercoin it's uh it took place with USD because it is the most common and most adopted kind of like a base currency to have but if we look at it today uh what are the big currencies out there that's Euro there's Yen if um what we are looking at uh and certainty there's a lot of Leverage borrowing taking place and to for borrowing and lending to take place what do you need you need to have low interest rate something that's very interesting is that yen is always taking place like a very low interest almost nothing so that could be kind of like a search in a stable coin presence that people start to use it that's the big currency and it could grow to another ecosystem that is maybe paralleling you know like what we see in stablecoin in USD now and the thing is with Euro and all this I think payment and services is something they can push and promote kind of across the native different FX pairs so as this happened along the way as Euros start to gain strength uh regulations start to also come out and say that maybe you should use uh Euro because the Mika says that it will be best to be practicing that you will start to see all this coming up in tandem USD will not be the only stable coin presence in our environment Beyond simply a plethora of let's call it currencies or real world assets growing um you know one of the trends we've seen over the last few years and a few people here can talk about this but is the rise of multiple different blockchains we've talked about a multi-block chain or world as much as we've talked about in a macro scale a multi-polar world let me ask you a question yeah sure 10 years from now are we going to see a consolidation or are we going to say even more smart contract platforms than we see today well it depends depends well if you are talking it depends we are talking we are talking about for example we are talking about the assets digitalization it's one matter if you are talking the retail on the second one I mean B2B C2C b2c deals and transactions well and smart contract well currently we use my code at any any way anytime for example I prefer to hold my money is my in my pocket that's why I use my cold wallet connected to the blockchain to MasterCard and visa for example we are talking about the future right we are talking about what we'd like to see in 10 years well from time to time the future is today for example now you can connect your Mastercard or VISA card to your called code wallet it's a progress I mean for for us and uh with the influence of our MasterCard and Visa because they have a pressure on the market right well but we already have it one step done well the second the second step is um to migrate mentality of these systems from a great mentality of a national payment system National Banks matter for MasterCard piece yeah it's very important for us I want to talk a little more about interoperability I know it's something that Tron cares quite a lot about but before I do I do want to ask a little bit about your T-shirt Justin yes okay if we talk a little bit about it sure so my understanding is it just was it yesterday yes you announced that there's a new brand for the Kobe Tron family of companies is that correct yes why htx because to be fair and I'm sure the audience is asking about this it's only a few letters away from FTX yes so yhtx yeah so there's only three letters I don't have much choice right so uh h a stand for hobby um so our a brand for a decade but today we are upgrade to STX and the T stands for uh Truong because this is one of the trong partners and also X of course stands for the exchange business itself um it stands for um a very Innovative brand like X dot com I launched my little mask and also X is also stands for 10 right so I believe htx is uh also fitting the three letters culture we have in the crypto industry like BTC you know eth and also also one of the uh our collaborate exchange okay X right so I think that's like why we have this uh htx brand okay so the htx brand is going to stay is that correct yes today we're going to use it forever there we go you guys ladies and gentlemen you heard it here first yes okay so let's talk a little bit about kind of interoperability which you have Tron there's a few different tokens in the ecosystem there's BTT right you've got both poloniex and you also have 4B it's a it's a Confluence of different firms so in the spirit of interoperability how are all these different organizations working together yes uh I'm a big fan for multi-chan uh I believe eventually different use case will adopt different blockchain right even for ethereum itself we we see like later we have op we have arbitrom we have polygon right so I think different blockchain designed for different usage So eventually they're gonna be lots of blockchain and lots of exchange to serve people's different usage of the blockchain so that's why we also invest a lot in different exchange business layer one you are pushing for competition you were investing in competition exactly yes because competition rates Perfection right so so that's why we invest into layer ones layer twos exchange business stable coin business and to integrate them together but in different use case right to to generate the real use case and the infrastructure building for the industry um and also by the way we will build and continue to build our exchange hopefully for the next two years when you people ask like some TX you will first reaction will be actually okay so hopefully you will have washed away FTX and we'll just be thinking htx with it with the smile exactly well we'll check on this two years from now Justin we'll come back on the stage I want to keep talking about interoperability a little bit so my understanding is that you've built some of um Hawk which is the layer one protocol upon which Islamic coin is based but on with Cosmos Hub what made you choose that technology and to what extent is interoperability important for you okay interesting question well first of all I always say like we don't want the community work up every day to have like more chains more coins more chains more coins every chain and coin also support multiple chains but every change should have its unique value proposition why I did this chain why we build pack what we built Islamic coin if we don't have the unique value proposition we don't need to be there so first of all to answer directly the question why we use this technology is to make it easy for the people now today a lot of projects we have Sharia Finance our Islamic finance that projects need to be compliant with the Sharia Finance but when you put this project in a blockchain that has also conflict like charging interest gambling casino all projects that conflict with Sharia principles so gambling projects shouldn't be building on Hawk and Islamic now we I'm saying when you have all bad let's say or negatively reflected projects on the community in one blockchain and you come and put good projects also there is not healthy environment that's why we created hack for the projects that goes with the ethics and values it is ethics first blockchain and for the projects that comply with the sharing area rule it can be there and it has it is on Sharia board that's sitting on more than 50 Banks sharing aboard in the world so people when they put their projects there they know it goes with their Islamic ethics and values they don't have a doubt they don't have things we have a principle when we talk about user experience that we were discussing don't let the user think don't let me think as a user just give me the straightforward way and that's what we have there they don't have to think they have the very steam charity about come put your project it goes with your ethics and values do the transactions and there is important part there to serve the community which is the philanthropy part we have 10 percent of every minted coin goes to Evergreen Dao that gives grants to the community projects and contributes in their Charities so there is more than one value one of the benefits there forgive me I just want to make sure we point this out is that theoretically if you're donating you could be donating to new wallets and we can get even more people on chain yes this is very interesting part because there is two types of donation when it comes to Islamic Financial school that is optional and there is a must which called zakat it's 2.5 percent of anything any resource you have that you are not using for more than 12 months you need to give a must two percent to the poor people but what mechanism it happened in reality you get Excel sheet that oh this got distributed to those people we cannot verify in blockchain and crypto you can track everything through wallets and digital identity so we have just one more minute left so I wanted to ask Danny what are your predictions 10 years from now what's bitcoin price going to be well we're going to predict what bitcoin price is going to be bitcoin price 10 years from now ah well that's a difficult one throw a number out there okay everybody throw a number let's try a thousand okay Fedor what do you think 10 years from now what's bitcoin price gonna be sorry 10 years from now what's the price of Bitcoin what price of Bitcoin our price will be going well one million dollars one million dollars okay here we go Mohammed what do you think 10 years from now price of Bitcoin yes I would agree with this Bitcoin is uh the the king of all the coins and I think it will keep just appreciating okay Justin Justin Sons answer for what's the price of Bitcoin in 10 years is one million dollars okay well gentlemen thank you for this wonderful panel I'm hoping 10 years from now we're celebrating a heck of a lot more than we already are today thanks everyone

Automatic transcript — names and jargon may be misspelled.