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. Ethereum’s co-founder Vitalik Buterin praises bitcoin maximalism. Was it a joke? 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. 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.? Elizabeth Warren wants to create a central bank digital currency. Scared yet? Ted Cruz says “Hell no!” He’s afraid of surveillance. CoinTelegraph says traditional media is missing the point of DAOs. Why should that surprise anyone? Should Tether’s shrinking cash reserves worry investors? Circle picks BNY Mellon as custodian for USDC reserves. 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. Get all the crypto news (with links) at https://cryptocracy.substack.com/p/how-much-would-btc-be-worth-if-it?s=w
No comments yet