Piotr Michalak: Bitcoin will be worth somewhere around $100,000 to $200,000

In the interview for U Today — leading independent organization that covers the crypto industry, blockchain, and new-gen technology companies, Piotr Michalak — CEO of the ccFOUND.com, estimated the price of bitcoin at the end of the year.

Rimma Trukhina asked Piotr also about ccFOUND:

U.Today: So what is ccFOUND.com? Can you tell me more about it and why do we need a new platform dedicated to educational technology? What makes it special?

Piotr Michalak: Сurrently how the internet operates is via some kind of groups on Linkedin and Facebook or forums. So you either go to ask a question on these kinds of forums, which are very defragmented and often hateful. Not many people try to help you, not many are legible and there is no way to manage reputation. Or you go to Google and you ask your question but you subconsciously know that you can’t ask Google for advice regarding your actual situation. You can only ask for some bits of information, and then you have to piece the pieces together. So a normal person that doesn’t have four to eight hours a day to analyze the market, practically has little chance of making a knowledgeable investment decision, for example.

So, there are also other problems like; experts currently on the internet are people who have made a conscious decision to focus on marketing to build their personal brands and create this guru-type personality. This is actually wrong because you get many narcissistic personalities who are trying to sell on YouTube or on their websites. Well, actually many of the really helpful people and people who know something are not publishing anything online at all, because there’s no way for them to monetize, there’s no way to incentivize them for their time.

For example, if you are a medical doctor and you advise people on some kind of forums or Facebook, well, what do you get from it? Nothing, right? You’d have to spend hundreds of hours before you build your reputation and a subscriber base. In the beginning, you are a no-name. So, stemming from this, we found out that there is a need to build this big knowledge and wisdom database, marketplace, and search engine allowing experts to build their followers base.

So you could call ccFOUND.com a knowledge and wisdom search engine. First of all, because it connects you with other people’s minds, not computers like Google does. Google connects you with computers and searches them for information. We connect you with people and you search for knowledge within the community. That’s a big difference. So you can ask your question, which may be way more complicated than what you can ask Google nowadays. When you receive answers from other people, these answers are of course upvoted. The best ones are always at the top. People then receive reputation points and get subscribed by their followers.

Later when they are most helpful, when they earn a reputation, they are gradually allowed to monetize by offering their information products. This is a huge game changer, actually, people in the information industry may not be aware how hard it is for an expert nowadays to monetize online because he has to build his traffic on sources like YouTube or Facebook. Then he has to move the traffic into his website where he can sell something like an ebook or a course.

There is no platform currently on the worldwide web that would actually merge these two realities into one where you both build your community and or tribe. And in the same place, you’re allowed to monetize via all the different ways, without moving people from one website to another and losing them while doing so.

So, we have everything in one package for knowledge providers, for people who want to share, who want to help others, and this really incentivizes them. What it does is that people will be, at last, happy to share their knowledge online — those people who don’t do it currently.

We will have in the future, thanks to ccFOUND.com, about 10 times the experts we have online nowadays, I suppose. I say this as an ex-expert myself, like a person who has been doing this kind of business for the last 15 years.

Last but not least, all this knowledge will be translated into each and every other language. This is also huge because once you answer, for example, a question, in English and Japanese and Hindu, I will see all of these questions and answers in my language in Polish. If I were in Germany, I would see everything in German. So everything will be translated. It allows for knowledge and wisdom sharing above borders, above nationalities, above cultures. There is no place currently online that would allow people to show their expertise extra culturally, above their nationalities.

So we are currently living in these language bubbles, and either the English language internet, or the Polish speaking community. We have no way to share unless we know other languages. This will be the first website that will allow people to share in every other language and also the community will be helping to correct these machine learning translations. So no worries here. Thanks to this, ccFOUND will be visible in all the Googles around the world and all the search engines like Yandex and others. What search engines love most is actual questions, right? So, it will help build huge traffic on the website.

Full interview you can find here