@cryptocracy 2 April 2022 more from that month

The Scenario That Could Drive BTC Up to $4.8 Million Bitcoin’s upper mint limit is 21 million coins. Well, **19 million of them** have already been mined. The cool thing about bitcoin economics is this built-in scarcity. As the cryptocurrency gets closer to its 21 million limit, its price keeps going up. A spokesman for VanEck, a U.S. investment firm, says bitcoin could rise to somewhere between $1.3 million and $4.8 million per coin if it is adopted as the **global reserve currency**. *That’s a big “if,” Jack.* https://bitcoinmagazine.com/markets/19-million-bitcoin-have-been-mined https://cointelegraph.com/news/vaneck-says-bitcoin-could-hit-4-8m-if-it-became-the-global-reserve-asset Ethereum’s co-founder Vitalik Buterin **praises bitcoin maximalism**. *Was it a joke?* https://www.coindesk.com/layer2/2022/04/01/ethereum-founder-vitalik-buterin-praises-bitcoin-maximalism-maybe/ The European Union parliament has voted to **bust through** bitcoin’s privacy walls. That little kick in the shins got MetaMask and Coinbase leaders **riled up**. Coinbase CEO Brian Armstrong perched his hands on his hips, puckered his lip, and said, “Well, **that sucks**!” *Such measures are likely to lead to an increase in activity on decentralized exchanges.* https://bitcoinmagazine.com/markets/eu-parliament-votes-for-bitcoin-privacy-busting-rules https://www.barrons.com/articles/coinbase-and-metamask-warn-over-privacy-as-global-crypto-rules-take-shape-51648839834 https://dailyhodl.com/2022/04/01/coinbase-ceo-brian-armstrong-says-europes-new-crypto-law-eviscerates-eu-privacy-standards/ Binance won a major victory against the SEC Thursday by having its lawsuit alleging securities law violations **tossed out of court**. The exchange is getting pushback from its users, but **what is the fuss about**? And it may soon settle down and a **get a wife**. *Think she will be the U.S.?* https://www.scmp.com/tech/policy/article/3172745/crypto-exchange-binance-wins-dismissal-us-lawsuit-alleging-digital https://www.washingtonpost.com/outlook/2022/04/01/binance-may-19-lawsuit-cryptocurrency/ https://fortune.com/2022/04/01/crypto-exchange-binance-picking-headquarters-location-regulators/ Elizabeth Warren wants to create a **central bank digital currency**. *Scared yet?* Ted Cruz says “**Hell no**!” *He’s afraid of surveillance.* https://www.theepochtimes.com/no-us-federal-bank-should-issue-digital-currency-directly-to-citizens-republican-senators_4376758.html https://news.bitcoin.com/us-senator-cruz-introduces-bill-to-prevent-federal-reserve-from-using-digital-currency-as-surveillance-tool/ CoinTelegraph says traditional media is **missing the point** of DAOs. *Why should that surprise anyone?* https://cointelegraph.com/news/what-the-media-is-missing-about-decentralized-autonomous-organizations Should Tether’s **shrinking cash reserves** worry investors? https://www.thecoinrepublic.com/2022/04/01/should-investors-worry-because-of-tethers-shrinking-cash-reserves/ Circle picks BNY Mellon as **custodian for USDC** reserves. https://www.pymnts.com/cryptocurrency/2022/bill-requiring-100-percent-cash-reserves-stablecoins-debuts-usdc-picks-bny-mellon-custodian/ Who are the **top 100 crypto influencers** (according to *CoinTelegraph*)? *Some of them aren’t people.* Want to make your own metaverse? **These pioneers** will show you how. *But you should know that metaverses aren’t all roses and popcorn.* Some avatars found that out after a raucous party ended in a **virtual police raid**. The upside? Damaged NFT avatars could be worth more. https://cointelegraph.com/top-people-in-crypto-and-blockchain-2022 https://cointelegraph.com/magazine/2022/04/01/how-to-make-a-metaverse-secrets-of-the-founders https://www.dezeen.com/2022/04/01/metaverse-riot-nft-cyberglue/

*The Ripple vs. SEC drama deserves its own documentary.* Now, it will have one. Thanks to MContent and PwC Middle East, the documentary will **launch into the metaverse**. https://variety.com/2022/digital/news/mcontent-pwc-ripple-vs-sec-saga-metaverse-1235220838/ Cardano’s metaverse has more than **22,000 landholders**. https://u.today/cardanos-metaverse-now-has-over-22000-landholders-details Sir John Hargrave asks, “Can decentralization be **taken too far**?” **(A doggone good read)** https://www.bitcoinmarketjournal.com/the-dangers-of-decentralization/ **1 in 5 adults** have done something with crypto. *Is that news?* https://www.cnbc.com/2022/03/31/cryptocurrency-news-21percent-of-adults-have-traded-or-used-crypto-nbc-poll-shows.html Mattel has issued a second **Hot Wheels Garage NFT series** on WAX. Want to issue your own WAX NFTs? Here’s your **complete NFT guide** to airdrops on WAX. https://wax-io.medium.com/mattel-hot-wheels-nft-garage-series-2-takes-a-lap-on-wax-8dbf474ecaf4 https://eos-amsterdam.medium.com/complete-guide-to-nft-drops-on-wax-8ab84b2274b3 *Solana is moving up in the world.* Last November, Brave announced they would **integrate Solana into its browser**. Now OpenSea is planning its own **Solana integration**. https://brave.com/solana-partnership/ https://cointelegraph.com/news/opensea-set-to-integrate-solana-in-april-further-expanding-the-nft-ecosystem ShapeShift DAO honors women artists with **NFT auction**. https://www.investing.com/news/cryptocurrency-news/shapeshift-dao-launches-nft-auction-in-support-of-female-artists-2796696 India is waiting on global consensus before **framing crypto law**. https://economictimes.indiatimes.com/markets/cryptocurrency/india-will-frame-cryptocurrency-law-only-after-global-consensus/articleshow/90583623.cms APPICS social media app is preparing for **Web3 integration**. https://cointelegraph.com/news/web3-social-media-app-that-rewards-creators-with-crypto-goes-live-on-app-store *Snark and commentary in italics.* Cryptocracy is a decentralized newsletter published 4 times a week. I curate the latest news and crypto analysis from some of the brightest minds in crypto, and sometimes offer a little insightful and snarky commentary. Always fresh, always interesting, and always crypto. *First published at* *Cryptocracy**. Not to be construed as financial advice.* https://cryptocracy.substack.com/p/how-much-would-btc-be-worth-if-it?s=w Image credit: Alien Worlds via CoinTelegraph