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Hackernoon logoThree Bullish Tech Predictions for 2020 by@MattBloom

Three Bullish Tech Predictions for 2020

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@MattBloomMatt Bloom

Cleantech VC | Boston

#1 The Distributed Workforce Proliferates ๐Ÿ’ป

It is no secret work has become increasingly distributed. Not just from ride sharing and Craigslist gigs, but startups and small businesses seeking on-demand talent for cheap. Today, employers are connecting with part-time experts from around the world thanks to services likeย Fiverrย andย Upwork. Iโ€™m expecting this trend to accelerate in 2020, perhaps to the point large corporates get onboard for an upper hand. The future of work will encompass a shared workforce โ€” one where a talented designer or even excel wizard receives premium pay for their 3-month project (and maybe pro-rated health and 401K benefits).

#2 Bitcoin Tops $50K ๐Ÿš€

Bitcoin traders are anticipating โ€œthe halveningโ€ โ€” an event where BTC mining rewards will be cut in half sometime near May 2020. In the past weโ€™ve seen rollercoaster pricing due to chain splits and general 2017 FOMO. So why would a major mining event be different? Institutional investors will face a โ€˜now or neverโ€™ bitcoin investment dilemma in 2020 and may have SEC assurance this time around. Bitcoin wonโ€™t be the the de facto future of digital payments but the supply squeeze will propel non-believers into reluctant investors. To the moon!

#3 Electric Vehicles Hit Tipping Point โšก๏ธ

If there is one company who has proven doubters wrong in 2019, it is Tesla. Elon and friendsย crushed production expectations, quickly built a China Gigafactory, and led a booming stock rally to close out Q4. The electric vehicle evolution is staring auto incumbents in the face, and theyโ€™ll push hard in 2020 to make up for years of ignorance. Plenty of factors finally favor an electric profit too. The costs of lithium-ion batteries is drastically declining and more EV fast-charging stations are on the way. 2020 could be the year of an EV that is affordable, reliable, and long-range. Fitting that this would come 20 years after the environmentally-friendly Toyota Prius was launched?

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