Mass adoption of Bitcoin is the ultimate endgame for many developers and advocates of the most popular crypto asset today. The real visionaries of the space hope for a world in which the national government’s power is eroded by trustless forms of currency and governance enabled by blockchain technology. Under this scenario, individuals around the globe would make near-instant, cheap payments for goods and services without intermediaries, using second layer Bitcoin scaling protocols such as the Lightning Network. And the corporations requiring the most secure transfers would likely dominate activity on the mainchain. Naturally, with a huge percentage of the planet’s wealth being stored in Bitcoin, the would be many times greater than it is now. For example, if Bitcoin was to exceed the market capitalization of gold ($7.8 trillion), the price of a single Bitcoin, presuming that all were mined and none was lost (but they are), would be around $371,430. Continue reading Bitcoin Mass Adoption: When Should We Expect It?
Mike Novogratz, a billionaire venture capital and avid cryptocurrency investor, is reportedly raising $250 million to support crypto businesses. Continue reading Billionaire Mike Novogratz Raising $250M Should Reassure Crypto Investors, Even in the Bear Market
The markets have been extremely volatile towards the end of 2018 and beginning of 2019. It has been widely assumed that the sell-off in the Dow Jones and other indices has been caused by tensions between the United States and China. Markets worldwide have been affected – including the Australian, Japanese and London stock markets. Another possible cause is the Fed’s view on interest rate hikes. Continue reading Jim Cramer: Fed Reassurance Should Spur Dow Jones, Wider Stock Market to Rally