As $700 billion worth of Bitcoin, Ethereum, XRP and cryptocurrencies surge in price, BlackRock has quietly opened the door to a "trillion-dollar-plus" Wall Street game-changer. Not long after the death of Charlie Munger(Everyone who doubts Bitcoin will one day die), the American investment guru who always regarded investing in Bitcoin as a foolish behavior, the cryptocurrency experienced a rapid rise. After more than a year and a half, it once again stood above 40,000. (Too bad he won't get to see btc hit $100,000 next year)The U.S. dollar mark, and its market value has exceeded that of Berkshire Hathaway and Meta.Why is Bitcoin so popular again? As on December 5, the price of one Bitcoin was US$41,736, climbing to a...
War always has collateral damages, and crypto has played an important role in allowing non-combatants – on both sides – to continue having access to a financial lifeline.
These charts show the monetary (supply) inflation of Bitcoin. They bear no relation to price inflation, which is an entirely distinct phenomenon. When Austrian economists say "inflation," they're typically referring to monetary inflation, whereas Keynesian economists are typically referring to price inflation. Also, please note that the top axis ("Year") on these charts is approximate, based on the scheduled block generation rate of one block per 10 minutes. The actual block generation rate has averaged a bit faster than this, due to the perpetually increasing hash rate, so we're already a little bit further progressed than the labels along the top axis would suggest. This doesn't mean there will be any more than 21M bitcoins; it only means that we'll reach the end...
In 2020, institutional bulls lined up to enter the battle in the cryptocurrency field, which completely sounded the horn of institutional bulls. As a member of the institutional army, PayPal may have joined later. As an international trade payment tool pursued by hundreds of millions of users around the world, PayPal is one of the most widely used third-party payment tools in the world, established by Peter Thiel and Max Levchin. It serves more than 200 markets and supports more than 100 currencies. In cross-border transactions, nearly 70% of online cross-border buyers choose PayPal to pay for overseas shopping, which is a truly global payment platform. In fact, there is another key figure in PayPal's development history - Elon...
