Morgan Creek CEO Says Bitcoin Will Surge 20X, Plus Ripple and XRP, Ethereum, Tron, Litecoin, EOS
From the adoption of Ripple and XRP to Bitcoin’s potential growth in the next 10 years, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
The CEO of crypto investment firm Morgan Creek Digital told CNBC he believes Bitcoin and cryptocurrency will succeed in the long run.
On Fast Money, Mark Yusko said he thinks the strength of the Bitcoin network will likely increase the price of BTC to 20 times its current value over the next decade.
Top hedge fund veteran @MarkYusko admits he was wrong about #bitcoin, but he still calls it a long-term buy. pic.twitter.com/S3wqP4EWWy
— CNBC's Fast Money (@CNBCFastMoney) November 27, 2018
Ripple and XRP
Ripple’s head of European regulatory relations Dan Morgan says companies in Asia are showing the most interest in Ripple’s cross-border payment technology.
In a new interview with Crypto Globe, Morgan says issues with liquidity in the Association of South Eastern Asian Nations (ASEAN) are a big factor.
“It’s very early days, but we see the biggest appetite in Asian markets, in terms of demand, so remittance demand, whether it is corridors that are under-served because correspondence banking is too costly… So, we feel that there is demand…
The inefficient management of global liquidity has long been a hurdle for cross-border payments in all regions across the world. However, this problem is particularly prominent in the Association of South Eastern Asian Nations (ASEAN) region, which has been largely underserved by correspondent banking. As a result, cross-border payments into these countries are inefficient and racked with high fees.”
Ethereum
Ethereum creator Vitalik Buterin is sharing his outlook on practical use cases for crypto and blockchain.
According to Buterin, scaling solutions will make the technology much more practical for a range of real-world applications in the future.
I'm aware that the standard line in some circles is "blockchains are a super-expensive tool and you should only use them for high-value stuff like sneaking money out of Venezuela", but I don't think that's true, especially once scalability constructions (L1 or L2) come into play.
— Vitalik Non-giver of Ether (@VitalikButerin) November 27, 2018
Litecoin
Litecoin founder Charlie Lee will take part in a fireside chat about crypto adoption and HTC’s new blockchain-based phone Exodus.
Lee will speak at Slush, a startup event that begins on December 4th in Helsinki, Finland.
I decided last minute to speak at @SlushHQ Helsinki next week. Will be doing a fireside chat with @philchen913 to talk about the @htcexodus phone. The HTC Exodus will support Bitcoin, Ethereum, & Litecoin out of the box. Mass adoption happens one phone at a time! #PayWithLitecoin pic.twitter.com/eNd4XEQw22
— Charlie Lee [LTC⚡] (@SatoshiLite) November 27, 2018
Tron and EOS
More than 700,000 total addresses are now on the Tron network.
It took about five months for Tron’s blockchain to reach the milestone, placing it ahead of EOS by about 150,000.
💥#TRON reached 700,000 user accounts on Dec 1 👥👥👥👥👥👥👥#TRX achieved this milestone only 5 months & 5 days after MainNet launch
Food for Thought:#EOS has 556,000 accounts
= TRON has +25% more accounts than $EOS$TRX's growth has only just begun 📈#IAmDecentralized🖖🏽 pic.twitter.com/q84LYK9LCC— Misha Lederman (@mishalederman) December 1, 2018
Cardano
Cardano founder Charles Hoskinson just sat down for an new ask-me-anything on The Cardano Effect.
Hoskinson talks about the future viability of Bitcoin and crypto’s overall ability to compete against emerging mobile payments technology.
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