A Single Cryptocurrency for the Whole World Will Be True in 10 YearsFebruary 21, 2019
Elon Musk at the “For your Innovation Podcast” stated, “Cryptocurrency is a far better way to transfer value than pieces of paper, that is for sure.”
He opined that the technology empowering cryptocurrency is quite brilliant. However, he stated that Tesla would not be using crypto as it is not a great way to use the company resources.
Musk further added, “I think one of the downsides of crypto is that it, computationally is quite energy intensive.” He agreed that “It is very energy intensive to create incremental Bitcoin at this point.”
While Musk has friends who own crypto, he does not own any cryptocurrency.
Jack Dorsey, the Co-founder of Twitter, a proponent of Bitcoin stated “The world ultimately will have a single currency and the internet will have a single currency. I personally believe that this single currency will be Bitcoin” in probably 10 years.
About 43% of Millennials believe in cryptocurrency than they do in stock markets. A recent study revealed that millennials overwhelmingly are big supporters of cryptocurrency.
When commenting about the massive shift in trust among the millennials, Guy Hirsch, of eToro, stated
“Immutability is native to blockchains, and that makes real-time audit to be sensible and cost-effective, and that is why millennials and Gen X perceive crypto exchanges as less likely to be subject to manipulation and less likely to be a place where bad actors get rewarded with taxpayer money.”
Traditional financial institutions have realized the interest of the young millennial investors, and they are therefore stepping into the cryptocurrency market in a big way. The JP Coin hype is sufficient proof of the trend.
The bullish price momentum has settled down in the crypto market, and the price of the cryptocurrency is trending sideways. The 3 days of highs are over, and most of the cryptocurrencies are back to the red.
It has been seen that Ripple has moved about 73,200,000 XRP to an unknown wallet address. Also, Bitcoin whales have been sending considerable sums to of BTC to “Bittrex, Binance, Bitfinex, and Huobi.”
Whale alert reported, “47,200,000 #XRP (15,795,851 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet,”
After months of apprehensive guesswork, the veil is now down. Samsung has revealed its flagship phones. The PR of the company states, “Galaxy S10 is built with defense-grade Samsung Knox, as well as secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”
So for now, for most of the investors knowing how to own a cryptocurrency has become a significant accomplishment.