According to the Big Mac Index, a Bitcoin will now buy as many as 6,3421.
The coin already has a market cap bigger than that of Bank of America, Netflix, and Shopify.
Eric Wall, chief investment officer of crypto hedge fund Arcane Asset, is betting a million dollars that Bitcoin's stock-to-flow model will be broken by 2025.
PlanB had predicted a Bitcoin price of $100,000-$288,000 by December 2021.
Douglas Tuman, a crypto enthusiast and Monero podcaster, lost his bid for New York's 4th District.
Regulations have already landed on one Bitcoin user.
Looking abroad, the China Construction Bank, one of the four biggest banks in China, is selling $3 billion worth of bonds and letting buyers pay for them with Bitcoin.
In Hong Kong, a proposal to require crypto exchanges to obtain a license and only target professional investors has met with criticism.
The proposal, say some experts, will limit volume and suggest that crypto assets are speculative.
Finally, while the last few weeks have been pretty eventful for Bitcoin, Bitcoin Cash is about to have its moment.
Big Macs for stacking Sats: Bad Crypto news of the week
Veröffentlicht auf Nov 14, 2020
by Cointele | Veröffentlicht auf Coinage
Coinage
Neueste Nachrichten
Alle ansehen
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.