Bitcoin and Crypto Will Create World’s First Trillionaire, Say Mark Yusko – Plus Ripple and XRP, Cardano, and EOS Updates
From a unique take on Bitcoin’s potential to the smart-contract battle between EOS and Cardano, here’s a look at some of the stories breaking in the world of crypto.
The managing partner of crypto investment firm Morgan Creek Digital says he thinks Bitcoin and crypto will create the world’s first trillionaire.
At the DAS: Markets conference in New York, Bitcoin bull Yusko equated the rise of blockchain and digital assets to the emergence of the internet, and said the technology will create a new class of wealth in the long run.
“The great news about that is it’s going to create the greatest wealth in the history of mankind.
[The] first 10 trillion-dollar company, [the] first trillionaire – it’s all going to come out of this space. Because what we’re doing is fundamentally changing the way we exchange value.”
Yusko says his message to institutional investors is that Bitcoin is a digital form of gold, with more utility than the leading precious metal. He advises clients to allocate 1% of their portfolio to Bitcoin and 3-5% into blockchain companies building on the technology.
“Think about the wealth that was created, companies like Google and Amazon.
They’re all going to be disrupted and they’re all going to be replaced with this new technological evolution. But it’s early.”
Ripple and XRP
Kyoto University has just launched an XRP validator that will help the network verify and process transactions on the ledger.
今日のセミナーで、京都大学によるXRP Ledgerのバリデータが走り始めたことが発表されました。XRP ChartsのNetwork Topologyのマップでも分かりますね。日本の大学によるバリデータ運用の第一号です。
— Emi Yoshikawa 🌎 (@emy_wng) November 13, 2019
Ripple partnered with the university back in July through its University Blockchain Research Initiative (UBRI).
UBRI is part of the company’s social impact program, Ripple for Good.
The initiative has allocated $100 million toward supporting organizations that are accelerating and expanding global financial inclusion.
Cardano and EOS
Weiss Ratings is comparing the smart contract platforms Cardano and EOS.
Although EOS launched its blockchain last year, the ratings agency says Cardano now has the edge after launching its incentivized testnet.
“Cardano is clearly superior to #EOS. EOS was first to market, but it’s becoming increasingly clear that of the two, Cardano is vastly superior…
Cardano completed the 1st snapshot and balance check for its incentivized Shelley testnet. This latest step toward staking will allow investors to earn rewards on their $ADA for the 1st time. Don’t forget to move your #ADA to Daedalus wallet if you want to participate.”
Weiss Rankings has provided financial market research and analysis for consumers and businesses for more than three decades, and released its first crypto rankings in January of 2018.