Not Bakkt and ETFs: what will be the real reason for the growth of Bitcoin?

Date:

2019-03-02 23:30:08

Views:

3231

Rating:

1Like 0Dislike

Share:

Not Bakkt and ETFs: what will be the real reason for the growth of Bitcoin? Source:

Earlier, experts published a report according to which FINTECH startup Square has sold thousands in the amount of several million dollars for the whole of 2018. Since the launch of app Cash App the company has managed to earn over 166 million dollars on the sale of cryptocurrencies. Only in the fourth quarter of 2018, she managed to implemented the BTC the amount of more than $ 52 million.

Large numbers can not attract attention in cryptocommunist. Some experts even believe Square «sleeping giant» industry. According to them, the company can do to Bitcoin more than Bakkt and ETFs combined.

the

why start here?

Trader sepsis Alec, has published a clear explanation of how Square is the stock market in better times. He said that Square was about 6.2 percent of all 162 000 BTC mined in 2018. For a company that does not focus their development on Bitcoin, this is a very good result.

Programmer Matt Odell supported the thoughts of Sypsnys. A month ago he said that the Cash App is one of the most popular apps in the US, but will also be one of the key triggers in the upcoming bullrun. The Internet is full of rumors about the potential integration outlets in the platform.

Earlier, Square CEO Jack Dorsey visited the podcast analyst Stephen Siphon, where he talked about the integration of the Lightning Network in the Cash App. In other words, this event definitely will happen, the question is, whether only time. According to Dorsey, LN will significantly improve the user experience of customers Square.

Finally, the founder of Twitter believes that Bitcoin really is a currency, not just an asset for speculating. The adoption of the Lightning Network in the world, only adopt that view.

Recommended

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff...

May 2Miners: run pools Aeternity, the debut 2CryptoCalc and software upgrades

May 2Miners: run pools Aeternity, the debut 2CryptoCalc and software upgrades

the Last month of spring proved to work. The team started working on launching (AE), the addition of which the majority voted representatives of the community. Calculator profitability of mining Alexei Rubin moved to the domain and now will develop e...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro back...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in...

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

You do not go away: why Coinbase gives its users to delete accounts?

You do not go away: why Coinbase gives its users to delete accounts?

Many users of Coinbase faced problems while deleting accounts on the exchange. According to them, trading platform do not allows to finally get rid of their accounts, even if their accounts nothing. Some people attribute these str...

Bitcoin will grow to a minimum of 100 thousand dollars. So says the majority of traders

Bitcoin will grow to a minimum of 100 thousand dollars. So says the majority of traders

Already prepared to sell all his crypt for another drawdown ? Better to wait and watch the market. Judging by the results of a recent survey of members of cryptocommunist on Twitter the majority of traders expects the growth of Bi...

Cryptocurrency is almost not used in money laundering. The police report

Cryptocurrency is almost not used in money laundering. The police report

according to police Japan, in most of the disclosed incidents of money laundering is not associated with the cryptocurrency. However, in 2018 the number involving coins up to 900 percent compared to the previous year. Despite the ...

When long trades Bitcoin? Response graphs

When long trades Bitcoin? Response graphs

is one of the most popular tools for cross-border payments. BTC than PayPal. Isn't that the sign of true acceptance of the cryptocurrency in the world? However, the asset price still have many obstacles to overcome before further...

Binance BNB will distribute 100 thousand dollars to test a decentralized exchange

Binance BNB will distribute 100 thousand dollars to test a decentralized exchange

the world's Largest crypto currency exchange Binance announced an interesting event. It distributes tokens to its users for testing the recently launched DEX-exchange. According to information, the startup is ready to distribute t...

Facebook is trying to succeed where Bitcoin has failed. What are we talking about?

Facebook is trying to succeed where Bitcoin has failed. What are we talking about?

It was such a loud title of the article is marked edition of the New York Times of 28 February. Citing several anonymous sources, the publisher has outlined some contours of the Facebook project, aimed at cryptopedia in their mess...

Top profitability: who did the most x's in February?

Top profitability: who did the most x's in February?

Recall, February is almost always brought a good profit to investors in the cryptocurrency. This year was no exception — altcoins and well grown, that even prompted some thought about the end «cryptogamy». For the 28-day...

Bitcoin will rise to 67 of 193 USD. Accurate prediction from an experienced analyst

Bitcoin will rise to 67 of 193 USD. Accurate prediction from an experienced analyst

«Veteran» trading Peter Brandt recently made a very interesting forecast prices — 67 193 USD. Why this exact number? This strap cryptocurrency will attain if all its market capitalization assuming all mined coins will be...

No Internet, no problem: how to send bitcoins with a regular radio

No Internet, no problem: how to send bitcoins with a regular radio

In an era when the leadership of countries gladly censor or curtail the whole network, it's nice to know that Bitcoin can work without Internet. In the end, network censorship — it's not dystopia, and force, which is used by many ...

Bright Feb for 2Miners. Support ProgPoW, update Constantinople and problems with Callisto

Bright Feb for 2Miners. Support ProgPoW, update Constantinople and problems with Callisto

spring came, and in honor of this event we can safely open a bottle of champagne. But first we need to take stock Feb. For he was rich and fruitful. The pool got its own statistics networks Ethash-coins ProgPoW supported and parti...

A leading developer of Monero said. Coin can integrate MimbleWimble

A leading developer of Monero said. Coin can integrate MimbleWimble

the Main developer private cryptocurrency Riccardo's Spanyi in an interview with Naomi Brockwell told why you ever got involved with this coin. According to him, there are at least two main reasons. First, it was not based on the ...

As hardwork Constantinople influenced the price of Ethereum? Summarize

As hardwork Constantinople influenced the price of Ethereum? Summarize

hard forks Constantinople in the network is successful. However, the price of cryptocurrency this event affected not much — ETH is still in a consolidation phase. In the near future can be held a strong move up, which will gain m...

Skam year: Chinese project with the fake team has raised over $ 20 million

Skam year: Chinese project with the fake team has raised over $ 20 million

According to the journalists Coindesk, Chinese CryptoStream BHB has managed to collect $ 20 million in the apparent falsification of data about your team. The project is supposed to be the new solution based on p2p-landing. Local ...

Are you ready for decentralization? The test is from the CEO Binance

Are you ready for decentralization? The test is from the CEO Binance

Decentralization is the main principle and purpose of the industry of cryptocurrency. Almost every news about the digital assets this term is mentioned in one form or another, but what really does it mean? Is the world and every p...

New champion: Bitcoin surpassed PayPal in transaction volume

New champion: Bitcoin surpassed PayPal in transaction volume

Even «kryptonim» did not stop to surpass PayPal as means of payment. In 2018 using the cryptocurrency has been committed a huge number of transaction totaling more than 1.3 trillion dollars. Through PayPal it's only been...

China has published an updated rating of the cryptocurrency. Added Tron

China has published an updated rating of the cryptocurrency. Added Tron

China once again sets the tone for the next month in the stock market. Recently the information Centre and industry development (CCID) of the country published the tenth ranking of cryptocurrencies. The top consists of 35 of the m...