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Analyst Says Bitcoin Will Smash Gold’s $7.8 Trillion Market Cap, Plus Ripple and XRP, Ethereum, Tron, Stellar, Litecoin, Cardano: Crypto News Alert

From the scarcity of Bitcoin to a legal maneuver at Ripple, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Independent crypto researcher and analyst Willy Woo says Bitcoin’s scarcity and maximum supply of 21 million coins is why he believes BTC will “easily” soar above gold’s $7.8 trillion market cap.

Willy Woo@woonomic

This is the reason why I think Bitcoin will easily exceed golds market cap.

*Mathematical scarcity beats perceived scarcity*

Perceived scarcity comes only from the technological limitations of today.

Coolhandcanuck@coolhandcanuck
Replying to @woonomic

$700 Quintillion Asteroid Ignites Space Mining Gold Rush Between Mars and Jupiter – exploration to start 2022.

Enough gold, iron to give each person on earth billions worth of the…..not so precious metals….. https://www.outerplaces.com/science/item/17778-700-quintillion-dollar-asteroid-space-mining-gold-rush-mars-jupiter … via @outerplaces

241 people are talking about this

The sentiment echoes a recent tweet storm from crypto startup veteran Dan Held, who says Bitcoin was primarily created as a store of value and not as a replacement for payment giants like Visa.

Dan Hedl@danheld

6/ How does Satoshi describe Bitcoin? His forum posts provide insight through his consistent gold/metal analogy:

“Bitcoin [is] more like a collectible or commodity.” – Satoshi

Dan Hedl@danheld

7/ “In this sense, it’s more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases” – Satoshi

Ripple and XRP

Ripple has hired the former HSBC general counsel to manage its legal, policy and Bank Secrecy Act (BSA)-compliance teams. Ripple CEO Brad Garlinghouse says Stuart Alderoty will play a vital role in shaping Ripple’s growth.

“As we continue to work with financial institutions and regulators across the globe to drive home the importance of fostering innovation while protecting consumers, I could not think of a better addition to Ripple’s leadership bench and our global legal team than Stuart.”

The new hire comes at a critical point for Ripple, which is facing a number of lawsuits alleging that XRP is a security issued by Ripple.

Ethereum

A new post from the Ethereum-based development studio ConsenSys explains how some gamers are finding ways to make money with in-game assets stored on the blockchain.

The post lists 16 games players can try, including Gods Unchained, World of Ether and Decentraland.

Litecoin

Charlie Lee is touting new adoption of Litecoin by Bob Moore Auto Group, which owns the biggest car dealership in Oklahoma City. The merchant processor Aliant Payments will handle the payments and give customers the ability to pay with Litecoin.

Charlie Lee [LTC⚡]

@SatoshiLite

Bob Moore Auto Group has signed on with @AliantPayment to accept Litecoin at their dealerships! The first to have it will be the #1 dealership in Oklahoma City, @bobmooresubaru1. 🚀

Many thanks to @blackbelt1967 @lisamightydavis @jonnylitecoin @johnkim77! 👏

johnkimofficial.com ⚡️Chief LTC Evangelist@johnkim77

yo #LitecoinFam @SatoshiLite @LTCFoundation guess what @blackbelt1967 @lisamightydavis and I are planning for the #1 dealership in Oklahoma City, OK? I have a meeting with the VP of finance thurs morning about accepting LTC as a payment for the dealership!! #IgnitetheFireLTC!!

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372 people are talking about this
Stellar

Interstellar.Exchange, the Stellar wallet and decentralized exchange, has officially launched on iOS. The app loads faster than the web version and includes a long list of features.

Tron

Tron has released a new update outlining the latest decentralized apps (DApps) on the network. Overall, Tron says it has now gone from zero to 180 in the past year.

Cardano

Tickets for the upcoming IOHK Summit 2019 are now available.

The event will feature crypto leaders from IOHK and the broader industry, and promises to reveal some exclusive announcements from IOHK CEO Charles Hoskinson.

Input Output@InputOutputHK

IOHK are pleased to announce that tickets for our 2019 Summit are now on sale!

We’ve got lots planned for the summit in April, and we look forward to welcoming you to Miami.

Head over to the website & RSVP for your place: https://buff.ly/2Flsm3U

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Source
Author: Daily Hodl Staff
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Here at Dollar Destruction, we endeavor to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Don’t forget to join our Telegram channel for Crypto, Business & Technology news delivered to you daily.

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