From a venture capitalist’s view on Bitcoin’s potential to new support for Litecoin, here’s a look at some of the stories breaking in the world of crypto.
Since Monday, the world’s leading cryptocurrency rose from $3,746 to $3,994 at time of writing, lifting the total crypto market cap by roughly $10 billion, from $125.8 billion to $135.1 billion, according to data compiled by CoinMarketCap.
Bouncing off Bitcoin’s latest rising streak, a clip of billionaire venture capitalist Tim Draper caught fire on the r/Bitcoin and r/Cryptocurrency subreddits. The video hails from last year and shows Draper at a debate on the future of digital assets. He says Bitcoin will be bigger than three hot companies he made early investments in – Tesla, Hotmail and Skype – and bigger than the internet, the Iron Age, the Renaissance and the Industrial Revolution.
Last year, a series of predictions from crypto influencers on where the price of Bitcoin would land by the end of 2018 proved to be wildly inaccurate. As for Draper, he accurately predicted back in 2014 that Bitcoin would hit at least $10,000 in 2017, a mark that quickly came and went as the parabolic rise in the price of BTC reversed and the extended bear market took over.
He now predicts that the price of BTC will reach $250,000 in the year 2022 or 2023.
The Ethereum Foundation says the long-awaited Constantinople upgrade is on target to launch in about five days. You can watch a live countdown clock here.
The technical improvements are largely designed to optimize network efficiency and will also change Ethereum’s miner rewards policy.
Ripple and XRP
Ripple has released an extended cut of its interview with the InstaReM CEO Prajit Nanu,