‘Billion of users adopting Bitcoin? Maybe in ten years', says Dan Held
The process leading Bitcoin to the status of world reserve currency could take a decade, according to Kraken’s growth lead. Bitcoin has a good chance of becoming the world reserve currency, although we are “at least ten years away from that”, said Kraken's head of growth Dan Held in an exclusive interview with Cointelegraph. According to Held, the transition to an "hyperbitcoinization" — a world where Bitcoin is adopted by billions users — starts with retail users, then institutional investors, and finally governments getting involved. The permissionless nature of Bitcoin is the....
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The Skybridge Capital CEO said Bitcoin needs much more proliferation before it can act as an inflation hedge. Skybridge Capital CEO Anthony Scaramucci believes that while Bitcoin continues to be an attractive asset, it has not reached the “wallet bandwidth” that is required for it to be considered an inflation hedge. Speaking on CNBC’s Squawk Box on Aug 22. the global investment management CEO said Bitcoin was still too much of “an early adopting technical asset” which would need to be held in around a billion wallets before it would begin to act as a hedge against inflation.“Until you get....
NeuCoin, known as the “2nd Generation Peercoin Fork,” says it has reached over 275,000 users three months after launching its consumer apps and is acquiring more than 8,000 users a day, on track to acquire 2 million users by year-end 2016. The company also announced it will eliminate half of its coin supply and complete consumer distribution in three years. NeuCoin believes mass user adoption can be achieved faster and with fewer tokens distributed than expected. In order to maximize its value, the NeuCoin foundations will trim their holdings from 3.2 billion to 1 billion in the next....
In mid-September, the total-value locked (TVL) in decentralized finance (defi) continues to climb higher, as the value held on Ethereum, Binance Smart Chain, Avalanche, Solana, and more blockchains has risen dramatically to $171 billion today. On the Ethereum network, there’s 270,783 bitcoin held in TVL worth more than $13 billion and $15 billion has been swapped across 14 different Ethereum-based decentralized exchange (dex) platforms. $23.8 billion has been swapped across a variety of blockchain protocols, according to a recently published defi weekly report. Defi Growth Remains....
María Luisa Hayem provided insights on the government’s experience since adopting bitcoin at the Lightning Summit Adopting Bitcoin.
The number of bitcoin held on exchanges has continued to drop in recent times as the metric suggests crypto advocates are pulling funds off of trading platforms for long-term holding. At the time of writing, 2.32 million bitcoin worth over $90 billion is held on centralized cryptocurrency exchanges.
Since This Time Last Year, Large Sums of Bitcoin Continue to Be Withdrawn from Centralized Exchanges
Bitcoin is being pulled off exchanges in greater numbers these days, as the metric shows the amount — 2.32 million bitcoin (BTC) held today — hasn’t been this....