Bitcoin and cryptocurrency round-up: 19 March 2018
What's happening in cryptocurrency today?
Read about crypto's asymmetrical advantage, the G20 results, the case for $91,000 bitcoin, Visa's awkward crypto attack and our weekly price analyses.
1. Every time God closes a door, s/he busts out an entire wall.
Asymmetrical outcomes, where one big win can easily pay for a dozen total losses, are drawing more institutional traders to cryptocurrency, Pantera Capital says.
In an appropriately diverse crypto market, not cutting off a few slices eventually becomes the statistically riskier option.
2. G news.
Markets might be cautiously bouncing back following positive-ish outcomes from the G20 FSB meeting.
Or they might be bouncing back for entirely unrelated reasons.
3. More pain, more gain.
When bitcoin seemed to be going well, the analysis said $55,000 bitcoin by 2022. Now that the prices have plunged, the model says $91,000 bitcoin by 2020.
4. Competing for the lucrative criminal demographic.
By all estimates, prepaid cards for criminals are a multi-billion dollar business.
In context, the Visa CFO's railings against cryptocurrency are both explicable and kind of awkward.
5. Weekly price analyses: Rollcall edition.
- Bitcoin is present and looking sharp, but arrived late.
- Ethereum has taken ill.
- Ripple was hit by a bus.
- Litecoin was marked present, but asked to be excused later in the week.
6. FintruX problems and solutions
Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, BTC and NANO.
Latest cryptocurrency news
- Bitcoin’s price continues to rise despite transaction fees hitting an all-time high
- Ethereum price rallies once again after recent flash crash
- Can Dogecoin’s price continue to soar despite a marketwide correction?
- Bitcoin’s price plunges 10% before rebounding – market witnesses massive liquidations
- Ethereum price surges to all time high before Berlin hardfork
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