If you think you’ve already missed bitcoin’s biggest price gains, think again. The Winklevoss Twins think bitcoin has plenty of room to run and is wildly undervalued at anything less than a $7 trillion market capitalization. For perspective, bitcoin’s current market cap is $229 billion. Continue reading Bitcoin ‘Undervalued’ Until It Hits $7 Trillion Market Cap
BitMEX, a bitcoin derivatives exchange, has surpassed $1 trillion in annual trading volume, according to a tweet by founder Arthur Hayes. Continue reading BitMEX Hits $1 Trillion Annual Trading as Bitcoin Futures Explodes
For the second time since its inception, Bitcoin surpassed online payment giant PayPal in annual transactional volume. Continue reading Bitcoin Surpasses PayPal in Yearly Transaction Volume at $1.3 Trillion
ShapeShift CEO Erik Voorhees has said that the growing debt of the US, which hovers at around $21.7 trillion as of November, will inevitably cause a big spike in crypto.
“When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can’t possibly ever pay it back and thus must print it instead, and thus fiat is doomed. Watch what happens to crypto.” Continue reading $20 Trillion US Debt Will Inevitably Lead to Big Crypto Boom