Crypto Influencer Bet on Bitcoin (BTC) at $ 500,000 – Plus Ripple and XRP, Ethereum, Litecoin, Tron, Cardano, IOTA

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From the mathematics behind a huge Bitcoin prediction to the new support for XRP, Tron and IOTA, here are some of the stories that are emerging in the world of cryptography.

Bitcoin

The CEO of the crypto investment company, Morgan Creek Digital, is expanding more and more, according to which the price of bitcoin could reach $ 500,000.

In a new interview with BloxLive TV, Yusko says his assessment is based on the rarity and benefits of Bitcoin over gold.

"Gold is an asset, a monetary asset. The money has been hard for 5,000 years … and its value is $ 7.4 trillion. The good thing about Bitcoin is that it's digital gold. It is much easier to transport, much easier to divide. It is very difficult to break a piece of gold into pieces. And so, he has all those essential qualities that I think are superior to gold.

According to Mr. Yusko, the total supply of Bitcoin amounts to 21 million euros, which, added to the fact that investors have lost their keys up to 23% of the existing BTC, indicates that the price of each piece will go up to $ 500,000.

So if we get the total value of the Bitcoin market value or the value of the gold network, that would equate to about $ 7.4 trillion divided by 21 million pieces, although there is only $ 21 million left and you get about $ 400,000, maybe $ 500,000 a piece. Now, when does this happen? It's probably more than a decade or more.

As reported by Fortune, cryptographic investment firm Grayscale recently launched a multi-million dollar "unprecedented" advertising campaign comparing Bitcoin and gold. The company's first national television commercial, Drop Drop, echoes Yusko's sentiments.

Ethereum

A new view of the whole on the current status of Ethereum upgrade known as Ethereum 2.0 is out. The diagram from the Gas Station ETH Gas Station highlights further progress on the proof of issue test network.

The article also discusses potential bugs and encourages beta users to comment.

XRP, Tron, IOTA

Trade.io, the cryptographic exchange based in Hong Kong, adds that it adds XRP, Tron (TRX), IOTA and the lesser known cryptographic asset SnowGem, based on Zcash.

It is not yet clear when they will launch or what encryption assets they will be paired with.

litecoin

The Litecoin Foundation has teamed up with Ellipal to create a new portfolio of Litecoin branded equipment.

The portfolio is completely connectionless and supports LTC in over 22 other cryptocurrencies, including BTC, ETH, XRP and XLM.

Cardano

Sébastien Guillemot, technical manager at Emurgo, has just published its monthly update on the progress made by developers on Cardano.

Emurgo is the commercial development arm of Cardano and works on the development, support and incubation of commercial companies on the platform.

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