Mr Lee, welcome back
First of all, how did you find Istanbul and of course what are your expectations from this summit? Everything has gone so well so far I've had a smooth flight Istanbul is a beautiful city, with a little traffic It takes time to go to some places The summit looks good so far
Very good speakers and beautiful participants Starting with a general question, how did you get acquainted with blockchain technology and crypto coins? What's your story? As you know, we are a strategy firm and We want to look at the great ideas and long-term trends that concern the generations Blockchain and crypto coins are a very natural development of the economic system for us What are your expectations from 2019 in terms of crypto money? Because, as you know, the bear market continues There has been an increase since last week What are your expectations for this and next year? I think the investors are tense and negative Because last year was really hard But I think this year will be much better
We are very optimistic both this year and next year We expect too much development Crypto money and many people, especially about Bitcoin prices, says many things "$ 1000 will fall", he said, "100 thousand", or even "250 thousand dollars will be" said What is your expectation about this? Do you find these estimates realistic? I think in the long run, the future of Bitcoin is very good It's $ 3900 right now Someone came up with $ 1000 and someone else said $ 250,000 the difference is obviously very large however, there is a much greater possibility of going downward than going downward
In my opinion, the price of Bitcoin always goes parallel with the rates of adoption At present, there are 50 million Bitcoin users in rude terms but there are 4 billion people using Visa cards As a result, if Bitcoin is adopted, the price will increase significantly It may even be more than the numbers said Do you follow the developments in Turkey? Because there are too many young Turks in the Bitcoin area
How do you position Turkey as a crypto currency analyst in this regard? Obviously currently very positive for young people to get money crypto crypto-currency world in Turkey This is a global story We see this in Asia There's crypto money in a young mass of 20 percent We see this big in America
So this is a global story, because young people are really interested in crypto-blockchain technology Do you think Bakkt or ETF will have a greater impact on Bitcoin? Both are very big issues I think ETF is a more important issue in the long run because it paves the way for many investors to send their money to the crypto Bakkt, on the other hand, has a physical infrastructure It makes Bitcoin much more useful
So one is handy and the other is very important in terms of price JPMorgan took out his own crypto money Do you think other banks will do that? I think Yes, my answer here is yes I think it's useful in a digital sense Much better in terms of moving money more easily Because the traditional money sending infrastructure is much more expensive Thank you very much
