While several critics keep arguing about the viability of the Bitcoin as a sound money, Bitcoin Whales keep transferring funds worth several billion dollars for less than 10 dollars in many cases.  The transactions happen in successions in less than a span of an hour.

Crypto Tracking Tools have also noted that some of the transactions are being sent to sending and receiving addresses that were used for more than once.  Some transactions are made to unknown wallets.  The transaction data provide the details of the cost of the transaction.  The transaction charges are in most cases less than the costs that would be charged by the banks.

Sydney Ifergan, the crypto expert tweeted: “Bitcoin (BTC) has a silent power and it keeps moving around among those who recognize its merits in terms of transfer of value in peer-to-peer transactions.”

Of late, according to popular mechanics, scientists are working on Key Retroactivity Network Consensus (KRNC), which essentially allocates a scarce type of cryptocurrency like the Bitcoin to fiat dollars. It is widely stated that the KRNC will be distributed free of charge and that users will be able to gain access to the hybrid money in proportion to their wealth.  Also, anyone who possesses US dollars will be able to play around with the decentralized components of the cryptocurrency without having to really purchase it.

This is just a prototype idea and it is obvious that without preliminary research the government would not adopt something like a cryptocurrency protocol.

Bitcoin (BTC) Marty Bent and Matt Odell talk

It is widely seen that affluent millennials are investing in the cryptocurrency.

Matus Steis tweeted:  “Millennials are driving the adoption of cryptocurrencies and will continue to do so in the future. A recent UK survey showed that among millennials (born 1981-1996) with investable assets above £25k, as much as 20% had invested in cryptocurrencies.”  

People are becoming aware than ever before and they are educating themselves. 

In The Rabbit Hole Recap, Marty Bent and Matt Odell talk about the latest news and developments which they find to be interesting in the Bitcoin.

Proponents keep reminding that $6 trillion was printed with just a click of the button and handed to Wall Street and mega-corporations. Some debate that the USD will lose its value.  Irrespective of whether the USD will lose its value or otherwise, people are going to start buying Bitcoin like crazy due to practical thoughts about hyperinflation.