Tim Draper: Crypto Market Cap Going to $80 Trillion in 15 Years

Cryptocurrency, Bitcoin (BTC)–Tim Draper, venture capital investor and cryptocurrency proponent, made a recent prediction that the total market capitalization of cryptocurrency would reach $80 trillion in the next fifteen years. First reported by the news outlet DealStreetAsia on Friday, Draper made the statement while speaking at a cryptocurrency Summit event Continue Reading

Emerging Markets Create Illusion of Bitcoin as a Global Currency

Many investors hoped Bitcoin’s price would rally as pressure increases on emerging market currencies like the Turkish Lira. Instead, Bitcoin is following the downward trend of these currencies. Economist Panos Mourdoukoutas, writing for Forbes, describes the prospect of Bitcoin replacing national currencies as a myth. Bitcoin Following Trend Set by Turkey Continue Reading