Digital Currency

Bitcoin Price Drop Causes HUGE Loss for Bitcoin Mining Revenue

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15,562 Total views After the halving, crypto exchanges selling Bitcoin, which they collected in trading fees, may pose the biggest threat to the ongoing Bitcoin rally as miners earn less BTC. Following the Bitcoin (BTC) halving on May 12, traders generally expect the price of the top-ranking cryptocurrency by market capitalization to drop. According to a prominent on-chain analyst, …

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JP Morgan Chase predicts Bitcoin to fall HEAVILY

JPMorgan Chase CEO Jamie Dimon is vocally critical of cryptocurrencies, including Bitcoin, which he called a “fraud” in September 2017. While previously stating that he does not “really give a sh*t” about Bitcoin

BitCoin WILL Still Fail

Back in August 2014, I discovered that the bitcoin mining industry had the industrial structure of a natural monopoly. A natural monopoly is a market in which production is most efficient with a single producer. This discovery came as a shock, but the implication was clear: Bitcoin could not survive in the long run. As …

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Bitcoin’s great potential

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Bitcoin is a currency that is accepted everywhere without any government friction or interference, a stored value solution that doesn’t require a holder to keep a room full of metals and art

Bitcoin’s Revolution Is Only Just Beginning

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In 2004, I learned from a wealthy Korean industrialist that people were paying real-world money for digital items like weapons to use in massively multiplayer video games. The game was “Lineage,” which was taking Seoul by storm.

Bitcoin’s resilience

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Tim Draper is a founding partner of Draper Associates and headmaster at Draper University. Something important happened with the failure of Mt. Gox. The price of bitcoin only dropped about 20 percent, and the currency continued to be traded on other exchanges. I was flabbergasted and fascinated. I realized that the demand for this new …

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