Bitcoin has been trading over $30,000 and Etherium is over $1000. Bitcoin is up 300% since late in 2020.
PayPal and Fidelity are now supporting cryptocurrency. Square and MicroStrategy are buying bitcoin.
The cryptocurrency rules are now more clear than the price surge that ended in 2017 for Bitcoin.
There are NOT as many transactions going through cryptocurrency as there is through credit cards. However, there is $30 billion a day in transactions through Bitcoin. This is 15 times the volume of Paypal transactions.
Gali of Hyperchart believes the bull case for Bitcoin is the digital gold 2.0. The printing of massive amounts of money (US dollars) will drive inflation.
SOURCES- CNBC, Wikipedia
Written by Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.