Crypto VC Calls Bitcoin (BTC) Surge to $1 Trillion Market Cap – Plus Ripple and XRP, Ethereum, Litecoin, Tron, Cardano
From Bitcoin’s market cap to a new retail payments system for XRP, here’s a look at some of the stories breaking in the world of crypto.
Venture capitalist and partner at Placeholder VC, Chris Burniske, says an analysis of Bitcoin’s value at the end of each year shows a new bull run will bring BTC to a $1 trillion market cap.
Burniske also highlights the fact that since 2017, crypto assets like Ethereum, XRP and Litecoin are eating into Bitcoin’s dominance.
Another interesting trend is #2-10 are gaining ground on $BTC over time. It used to look like #Bitcoin and 9 dwarves, but those dwarves have gone through growth spurts on a relative basis (especially in 2017).
— Chris Burniske (@cburniske) April 20, 2019
At its height during the last bull run, Bitcoin’s market cap hit just over $330 billion.
Right now, BTC’s market cap is about $93 billion. For Bitcoin to reach a $1 trillion market cap, the price of each BTC would have to rise to roughly $56,000.
The latest ConsenSys-sponsored Week in Ethereum blog post is out.
This week’s edition covers the latest on Ethereum 2.0 and looks at a number of updates on Ethereum-based platforms including 0x and Dharma.
Ripple and XRP
Ripple-backed XRPL Labs tested its new point-of-sale (PoS) system, XRPayments, at a local meetup in Amersfoort, Netherlands. The mobile app allows merchants to accept payments in crypto, while token holders use the XRP Tip Bot to send funds.
Attendees of the meetup used the technology to purchase beer with XRP, highlighting the platform’s nearly instant transaction speeds.
Buying beer with $XRP!!!!!
I have DREAMED of this day! @mvdb01 used the @xrptipbot and the payment was received faster than I could adjust my camera to view the app on his screen! @WietseWind & @XRPLLabs are superheroes! #XRPCommunity pic.twitter.com/iMaH6y76jk
— Tiffany Hayden (@haydentiff) April 20, 2019
Litecoin founder Charlie Lee is talking about the missing piece for mass adoption of crypto.
In a new interview with the Wharton School of the University of Pennsylvania, Lee makes the case that practical utility will be the factor that delivers digital currencies to the masses:
“… I think in the future you will be using cryptocurrencies in your daily lives, and you may not even realize it.
If Bitcoin really does become as ubiquitous as money, it will have to be easy to use. It will be very different from what we are doing today. Who knows what devices we will be using, but you could be spending Bitcoin, buying stuff, and you wouldn’t even know it. You may not even call it Bitcoin. It might just be money.”
The Tron Foundation has released a new app for the Ledger Nano S and the Ledger Blue hardware wallets. This update now supports Tron-based TRC20 tokens.
With the new app, TRC20 tokens are now supported.
— Ledger (@Ledger) April 19, 2019
The latest edition of The Cardano Effect podcast is out.
This episode examines the IOHK summit and features guest commentary from computer scientist Duncan Coutts. There are also speakers from multiple Cardano centric projects, including blockchain advisor Vasil St. Dabov, who discusses sustainability.