Open 24/7/365

We Have A Life-Time Warranty /
Guarantee On All Products. (Includes Parts And Labor)

Analyzing Bitcoin’s Network Effect

One of the most powerful things to look for in an investment is a network effect. Analyzing Bitcoin’s Network Effect

A network effect is an attribute of a company or other system such that as more people use the network, the network becomes exponentially more valuable for each user. It’s one of the strongest economic moats that a system can have against competitors.

This article takes a look at how bitcoin derives its value from its network effect, why that network effect is difficult for a competitor to displace, and what some of the risks are to be aware of so that investors can continue to assess the health of the network.

Rather than being about the short-term, this is about longer-term fundamental analysis on the protocol. In the short-term, bitcoin can move up or down significantly based on sentiment and broad macro factors.

Network Effect Examples

Before I dive into details on bitcoin, we can isolate a few examples of different networks.

Telephone: One-Sided Network

One of the early examples of a network effect was the telephone. A single telephone is useless, but as more and more telephones began to exist, the telephone became one of the most important inventions of its era.

And we can mathematically derive why the telephone network gets quadratically more valuable as more people use it, rather than just linearly more valuable.

If there are two telephones or “nodes” on the network, there is only one possible connection between them. If there are three telephones (A and B and C), there are three possible connections (A to B, A to C, and B to C). If there are four telephones, there are six possible connections. If we jump to ten telephones, there are 45 possible connections. With 100 telephones, there are 4,950 possible connections.

Where “c” represents the number of connections, and “n” represents the number of nodes, the equation is c = 0.5*n*(n-1).

As “n” grows extremely large, the equation asymptotically approaches c= 0.5*n^2. This equation is known as Metcalfe’s law, and was originally presented for computer networks.

With billions of mobile telephones in the world (which now are combined with the internet), there are quintillions of possible connections between them.

The telephone and internet are both examples of one-sided networks, meaning that users could connect with other users, and each type of user or “node” is basically the same. There are also infrastructural elements like switch operators in the middle, but those services grow as necessary to support the userbase of nodes, which are all similar to each other.

Payment Networks: Two-Sided Network

Some networks are two-sided, meaning there are two very different types of “nodes” on the network. A type “a” node wants to connect with a type “b” node, but doesn’t generally want to connect with another type “a” node.

An example of a two-sided network would be buyers and sellers. eBay (EBAY), for example, exploded in value by getting a critical mass of buyers and sellers onto its online platform.

An advertising network like Google AdSense is similar; there are websites that want to make money with ads, and there are advertisers that want to advertise on popular websites, and a marketplace for them to come together is exponentially valuable to find an ideal match, whether by human selection or by algorithm.

The equation for a two-sided network is also exponential. The number of possible connections in the network equals the number of nodes on one side multiplied by the number of nodes on the other side.

If you have 2 sellers and 4 buyers, there are 8 possible connections between buyers and sellers. If you have 3 sellers and 3 buyers, there are 9 possible connections. If you have 10 sellers and 20 buyers, you have 200 possible connections. Where “c” represents the number of connections, “a” represents the number of nodes on one side, and “b” represents the number of nodes on the other side, the equation for the number of possible connections is c = a*b.

If you have a merchant network with 5,000 sellers and 10,000 buyers, there are 50 million possible connections.

As the number of users grows into the millions and consequently the number of possible connections reaches into the trillions, the odds of a seller finding buyers for her products, or a buyer finding sellers of things he wants to buy, even if the products are rare or niche, increases. At a certain point of critical mass, the network becomes a “one stop shop” for just about anything, which is what makes it so valuable and dominant, and hard for a smaller start-up network to displace.

Another example of a two-sided network is the payment card, which can take a few different forms like a charge card, debit card, or credit card. There are only four major brands in the US: Visa (V), Mastercard (MA), American Express (AXP), and Discover (DFS), and they extend globally with various levels of reach.

Among those four, the first two are the biggest and operate as independent payment platforms for banks to issue cards on, while the second two are smaller companies that combine the payment platform with the bank that issues the cards.

Over many decades, why weren’t there more? Why aren’t there twelve credit card brands instead of four? The reason for there being so few, and only two or three truly dominant ones, has to do with the network effect.

Merchants won’t accept cards that aren’t popular, because it’s not worth the hassle. Consumers won’t get cards that merchants don’t accept. It’s a circular problem; a catch-22. That’s why a network effect, once created, is hard to displace. It would be exceedingly difficult to create a new credit card network.

Only with the rise of the internet, which launched a rare Cambrian explosion of innovation that disrupted existing networks, did we begin to see some brand new payment networks like PayPal (PYPL) and Apple Pay (AAPL). Even then, however, they worked with the existing credit card networks and alongside them rather than strictly against them.

And the internet made existing credit card networks even more valuable as well, since you can’t use physical cash over the internet. So, the internet expanded the available market share for these payment networks. They all began taking more and more market share from cash. Alipay (BABA) and WeChat Pay (TCEHY) of China had similar explosions for the value of their networks.

Shipping Network: Failed Disruption Example

Here’s an example of how difficult it can be for network effects to be overcome by competitors.

In the US, we have three main shipping networks. The two corporate ones are UPS (UPS) and FedEx (FDX), and then we have the United States Postal Service. These entities have network effects due to their widespread infrastructure- shipping centers and truck systems and airlines and trained personnel that operate them. This existing infrastructure base keeps the per-package shipment cost very low.

In 2002, the world’s largest shipping company, Deutsche Post (DPSGY) of Germany, tried to break into the lucrative US shipping market. It was independently larger than either UPS or FedEx, but its center of network density was in Europe.

So, this was the most well-capitalized possible competitor in the industry to compete against them.

But By 2008, Deutsche Post Failed To Enter The Market:

Deutsche Post, owner of DHL Express, said it would close the parcel carrier’s U.S. operations after an unsuccessful five-year, $10 billion attempt to crack into a $61.1 billion market dominated by UPS Inc. and FedEx Corp.

The express unit will shut down Jan. 30, but DHL International will maintain its freight forwarding, contract logistics and international parcel shipping operations in the U.S., for which it will still try to complete an agreement with UPS by year’s end to handle airlift.

Deutsche Post, the German post office, bought DHL International in 2002 and acquired Airborne Express in 2003 as a platform for U.S. operations. But it never was able to rise above fourth place in market share, behind UPS, FedEx and the U.S. Postal Service, and by the third quarter of 2008, it actually had lost market share.

“The U.S. market is a highly concentrated duopoly,” John Mullen, global chief executive officer of DHL Express, said Nov. 10. “In spite of our investing massive amounts of money to be a credible third choice, the reality of the lack of scale [for DHL], the productivity that [UPS and FedEx] have, the market reach and the brand awareness make it impossible for us to make it economically viable,” Mullen said in a conference call with reporters.

–Jonathan Reisken, Transport Topics, Nov 2008

For a while, DHL stuck around as an international courier, having given up on the domestic market. Ten years later, Deutsche Post tried to find another niche and began offering ecommerce deliveries within certain cities.

So, it’s possible to find niches that the big networks aren’t servicing completely, but it’s extremely hard to dislodge the leading networks from their core operations.

Social Network: Successful Disruption Example

The most-cited example of a successful network disruption was Facebook (FB) bypassing MySpace as the leading social network in the United States.

MySpace was founded in mid 2003. It reached over 100 million users at one point, and in 2007 hit a peak valuation of $12 billion. Its valuation quickly collapsed thereafter.

Facebook was founded about six months later in early 2004, in a few years surpassed MySpace, and went on to reach billions of monthly users and attain a peak valuation of about $800 billion so far. They also acquired Instagram, WhatsApp, and other key networks (which is now bringing some anti-trust scrutiny).

Despite some growing disapproval among governments and the public regarding how it tracks data or buys other networks, Facebook has so far survived multiple #DeleteFacebook campaigns and lawsuits and continues to grow, albeit with an older average age of users. Maybe one day it’ll be broken up or stagnate, but as of now it’s 17 years into its life and going pretty strong in the global sense.

One naturally wonders how Facebook was able to surpass Myspace, despite the head start that MySpace had. There are several reasons that could be cited, but I’ve seen two particularly compelling explanations that both played a key role.

The first reason is that Facebook began as a niche network and expanded from there. Facebook made users list their real names rather than being anonymous, and kept the network exclusive for university students at first. It rapidly achieved dominance in that niche.

From there it expanded to everyone. To use an over-the-top analogy, kind of like how the invasion of Normandy by the Allied Forces in 1944 allowed them to gain a foothold and begin disrupting the western front of Nazi-held Europe, Facebook’s invasion of the college scene gave them a foothold to begin disrupting MySpace’s broader network.

The second reason is that MySpace was slow to adopt to mobile use, while Facebook was quick to. MySpace’s peak valuation was in 2007. This is the same year that the iPhone came out, beginning a wave of consumer mobile internet usage that would disrupt many industries.

Facebook’s valuation was about the same as MySpace that year at $15 billion, and continued exponentially increasing while MySpace’s valuation quickly collapsed. The social scene became the mobile scene, and Facebook was fully onboard.

Jeff Booth, a technology entrepreneur and author of The Price of Tomorrow, has argued that Facebook’s mobile strategy was their “10x moment”. The argument is that in order for an existing network to be disrupted, a new competitor must be 10x better. Because the existing network gives the incumbent such a large entrenched advantage, a new network can’t just be a little bit better, or even twice as good; it has to an order of magnitude better to convince a critical mass of participants to move to it.

Facebook’s combination of real names, dominating the college scene, and adopting quickly to smartphone proliferation while MySpace lagged at mobile adoption, made Facebook 10x better than MySpace in terms of viral potential, and from there the difference was unrecoverable.

However, given that there was only a six month difference between the companies’ beginnings, MySpace wasn’t the hardest network to attack in the first place. MySpace also went through a leadership change a couple years before Facebook surpassed it, when it was sold by the original founders.

Michael Saylor, the billionaire founder and CEO of MicroStrategy (MSTR), has cited $100 billion as his threshold for when a network achieves near-certain dominance. When a company with a strong network effect reaches a $100 billion valuation in today’s money and is far larger than any of its competitors, the divide is virtually unrecoverable and the risk/reward for betting on that leading network company to continue to succeed is very favorable.

His 2012 book, The Mobile Wave correctly predicted the vast importance that mobile internet adoption would have on multiple industries.

By applying Saylor’s way of thinking, MySpace was disrupted before it ever reached true network dominance.

Social Network: Failed Disruption Example

We can continue Facebook’s story to add another example of a failed disruption attempt, kind of like the earlier Deutsche Post example. In 2011, Alphabet (GOOG) launched their social network competitor, Google+.

Facebook at that point was the leader in social networking, far bigger than MySpace ever was, and worth tens of billions of dollars, nearly at 1 billion global monthly users, and thus was basically right at the point of unstoppable network dominance.

Google, however, was an extremely well-capitalized competitor, being older and more cash-rich than Facebook, and with extensive server infrastructure already in place. Much like Deutsche Post thought it had a decent shot at breaking into the US logistics market, Google thought it had a decent shot at breaking into the social network market.

Google at that point had a dominant internet advertising network effect, and was the most-visited website in the world.

Google put a link to Google+ right on its homepage, so that countless people would see it all the time. In other words, it tried to use its existing massive platform as its Normandy-like foothold to build a network effect in another industry.

However, Google+ only reached a peak of several hundred million users, never had very high engagement, and was shut down in 2019. They failed to make a 10x better product; there was no “special sauce” or combination of attributes that gave them, even as a larger internet titan, a real shot at breaking Facebook’s massive lead in social networking.

Alphabet did, however, successfully buy YouTube in its infancy, which went onto become the most dominant network effect in its own niche.

Network of Networks: The Amazon Effect

It’s very challenging to find examples of $100 billion networks that were later surpassed. All of the major examples of such a thing happening would basically be pre-internet and post-internet events, meaning that “making native use of the internet” was the 10x better usage that allowed newcomers to disrupt existing networks. Email disrupted physical mail, and e-commerce disrupted physical commerce, for example.

Besides that major epoch of technological disruption, there aren’t many examples of dominant network disruptions. The leading financial exchanges have remained the leading stock exchanges for decades. The leading credit cards have remained the leading credit cards for decades. Disruption is near-impossible once critical mass is achieved, because it’s very rare to come up with a 10x better solution. Old companies in fading industries fail all the time, but true network-effect companies tend to have extreme longevity.

The one company that has made good headway for breaking some network effects is Amazon. They’ve successfully turned one network effect into another and another, unlike Google and unlike Deutsche Post, but even that came with caveats.

Amazon began as an online book seller at the dawn of the consumer internet in the 1990s, which was its Normandy moment, gaining its foothold. It then became the leading e-commerce website across categories rather than just books, began building out a bigger and bigger warehouse and logistics system, and achieved network dominance in its industry.

Amazon then went after cloud computing. There wasn’t much of a leader at that point, since it was a new field. The leader for enterprise computer platforms was IBM, but like MySpace was slow to move on mobile, IBM was slow to innovate in this space. Amazon harnessed the utility of its massive ecommerce server space to offer cloud services to various companies, and quickly became the leading cloud service provider.

Amazon’s two networks, ecommerce and cloud, benefit each other. Profits from its cloud arm help keep its ecommerce prices low. Ecommerce alone tends to be a very low-margin and often unprofitable endeavor. Amazon needs a lot of extra server space anyway to handle spikes of traffic on key shopping days, so it made economic sense to further expand this capability and offer server space to others as well.

Amazon then went after online marketplaces by allowing other sellers to provide products to its existing userbase, which stole some of eBay’s growth potential as the leading online marketplace. Facebook also launched marketplace services as well. However, eBay is still around, still slowly growing, had a period of problematic management and distraction into other industries for a few years, and is now re-focusing, and never was anywhere near $100 billion in valuation anyway.

For a while, Amazon has been expanding its logistics footprint, putting pressure on FedEx and UPS. Amazon started as their customer and remains so, but has increasingly wanted to own the last mile of delivery as well, which potentially puts margin pressure on those logistics companies.

In this sense, Amazon has been more successful than Deutsche Post at becoming a leading logistics company. And yet, UPS and FedEx are still growing as the dominant last-mile players.

So even here, Amazon never cleanly took down a $100 billion dominant network and replaced it. At best, it took the lead in certain industries that existing companies could have dominated but didn’t (like IBM), became a leading competitor that took some growth from existing sub-$100 billion networks (like eBay), and became an increasingly relevant actor that affects pricing within an entrenched infrastructure duopoly (like UPS and FedEx).
Analysis of Bitcoin’s Network Effect

I first wrote about bitcoin in November 2017, when bitcoin had that big bull run that caught the world’s attention. I took a rather deep look at it, and sorted through the broader digital asset space as well. I came up with some rough pricing models, but I had concerns about the health of bitcoin’s network effect and potential loss of market share, along with euphoric price action.

At that time, bitcoin was about $7,000 per coin and had a total market capitalization of roughly $100 billion. However, bitcoin dominance (referring to the share of bitcoin’s market capitalization relative to the broader digital asset industry) was at a low point and declining, and bitcoin cash had hard-forked from bitcoin and split the developer community to some extent. There were over a thousand cryptocurrencies including some large ones like ethereum.

Back then, I couldn’t put together a good risk/reward model for bitcoin or the others, especially given how much price enthusiasm there was, so I passed on participating, and just kept watching. Over the next two years, the industry had a big bear market, and many digital assets collapsed in price. Most of them still haven’t recovered to previous all-time highs.

However, bitcoin’s network effect continued to strengthen since then. I ended up buying bitcoin in April 2020, ironically at the same price of just under $7,000 that I first analyzed it at back in late 2017, but with significantly less risk in my view.

Even as the price has increased since then, I continue to view bitcoin as a favorable network investment, although it has periods of being locally overbought.

Ultimately, this decision came down to an analysis of its network effect, with the protocol likely having achieved escape velocity.

Bitcoin’s Strengthening Network

Bitcoin is primarily a savings technology and payment settlement network.

Smart contracts, apps, and other things are being built on top of it, but at this time that’s not its dominant use-case yet.

Its hash rate has reliably made all-time highs, whereas many cryptocurrencies still have their all-time high hash rate back in 2018.

This high hash rate makes it extremely expensive to even attempt an attack on the bitcoin network, because it would take as much electricity as a small country to do so, along with server farms filled with dedicated hardware which are often in short supply.

In comparison, the capital it would take to attack litecoin, bitcoin cash, bitcoin satoshi vision, or others is significantly lower. They have much less security.

Similarly, the number of bitcoin addresses holding 1 BTC, 0.1 BTC, and 0.01 BTC continues to increase.

It’s hard to measure how many people use bitcoin or other digital assets, or how concentrated the network is, because one address does not necessarily correspond to one person. Large addresses are often custodial accounts for thousands or millions of users, and large users often store their bitcoin in more than one address. However, it’s good to see the number of small addresses continue to increase.

The popular crypto exchange Coinbase alone has over 40 million users. Adding multiple exchanges together and factoring out likely duplicates results in over 120 million users around the world.

If I look at the ways that bitcoin’s network effect has strengthened over the past 2-3 years specifically, here’s a start:

1) Hard Forks Resolved

The hard fork between bitcoin and bitcoin cash in 2017 was sorted out by the market over the next few years; bitcoin retained the vast majority of the market share, while bitcoin cash diminished in comparison, and then split again between bitcoin cash and bitcoin satoshi vision.

Both of those tokens have reliably hit new lows in price relative to bitcoin, and each are currently worth less than 1-2% of bitcoin’s market cap. Neither of them have a significant hash rate compared to bitcoin, and both of them have fewer nodes.

A lot of people ask, if a blockchain is open source and protocols can be forked, then is bitcoin really finite?

The answer is yes, as long as the community remains focused on one protocol.

I could technically copy Wikipedia (all of the data can fit on a thumb drive) and try to host it on my website as Lynpedia. Would I be a real challenge to Wikipedia’s traffic if I did? Of course not. Even if I copy the full text, I can’t copy the hundreds of millions of links on countless websites pointing to the real Wikipedia, the top search rankings and massive server capacity that Wikipedia has, or the community of people that continually update Wikipedia. It would be a non-serious competitor.

Similarly, anyone can copy bitcoin’s blockchain and fork it into their own design. The question is whether they can convince the majority of miners, node operators, and users to consider their fork to be the “real” bitcoin. So far, no contest.

2) New Layers Developed

Additional layers like the lightning network, as well as third-party custodial services, have improved bitcoin’s scalability. In 2021, major exchanges like Kraken and OKCoin agreed to use lightning.

Scalability, specifically referring to the number of transactions per second that the network can do, is the metric that bitcoin sacrifices on the base layer in order to maximize other metrics like security and decentralization.

Bitcoin can only do about 120 million transactions per year, and a few hundred million payments per year since each transaction can have multiple destinations. So, any layers that improve bitcoin’s scalability, including trustless or non-trustless solutions, can enhance the network’s value and alleviate future concerns about bottlenecks.

If we look at the global payments system, there are big settlement layers like Fedwire, and then there are layers on top of them that can handle more transaction throughput, and the banks settle those transactions in batches on the base settlement layers. Bitcoin has been evolving in the same direction.

Many people incorrectly compare bitcoin transaction throughput to something like Visa transaction throughput, but that’s an apples to oranges comparison. Bitcoin is a final settlement layer; Visa is a layer of frequent and reversible transactions built on top of a deeper final settlement layer.

Lightning is a layer on top of bitcoin that can handle an arbitrarily high transaction throughput over time, while still basing itself on bitcoin’s underlying security. It works by opening multi-signature channels between nodes, so that a user can send coins from one node to another, using a series of interconnecting nodes along the way.

It’s hard to measure exactly how many lightning nodes or channels there are, since many are not public. However, from speaking with lightning developers, the number of apps and the number of users on the network is increasing rapidly over the past 12-18 months.

Strike Global is one app in particular that I’m watching as it relates to lightning since that opens up a lot of payment options for folks who don’t even necessarily care about bitcoin as an asset. It’ll be able to transfer fiat payments using the lightning layer on the bitcoin protocol, without any real exposure to bitcoin’s volatility.

In less than a second, the app can exchange dollars for bitcoins, send the bitcoins over the lightning network to a recipient address, and then exchange the bitcoins to dollars, euro, yen, stablecoins, etc.

Lightning itself is like the bitcoin base layer in the sense that it’s open source and nobody owns or controls it. However, some major developers like Lightning Labs are building the infrastructure tools that a lot of these types of app providers use in order to interact on the lightning layer.

In many ways, the network effect applies to the lightning layer more than even the base layer of bitcoin itself. The major limitation of the lightning layer is liquidity; it relies on a sufficient number of unique channels between unique nodes, unlike the base layer that relies on broadcasting transactions to all nodes.

As more and more channels are created and maintained, liquidity improves on this secondary layer, and this allows for more adoption and leads to more channels in a virtuous cycle. And as tools keep being built and improved, it makes it easier for apps to onboard to lightning and improve the user experience.

I’ve spoken with Lightning Labs CEO Elizabeth Stark a number of times, and one of her key points is that the future of the lightning network should eventually work in such a way that most users don’t even realize they’re using it, in a similar way that most folks don’t know the technology stack that they indirectly use whenever they interact with the internet.

3) Institutional-Grade Custody

Institutional-grade custody solutions have rolled out, including by Fidelity. These solutions provide robust on-ramps for institutional money to enter the industry. Previous bitcoin bull runs were driven by retail investors and speculators, while 2020 was the year of institutional interest.

In December 2020, the largest bank in Singapore announced that they will make an exchange and custody service for institutional and accredited investors (no retail), and that it will support trading in just four digital assets to start with, including bitcoin of course. NYDIG was founded in 2017 as another key custodian that focuses on large clients and specifically bitcoin.

Similarly, PayPal’s new program allows retail investors to buy the top four digital assets. Square’s Cash App allows retail investors to buy bitcoin only.

4) Major Investors Onboard

Thanks to these above efforts, bitcoin has reached institutional investors in a way that no other digital asset has.

Three companies on major US stock exchanges, MicroStrategy (MSTR), Square (SQ), and Tesla (TSLA), directly hold bitcoin on their corporate balance sheet now. Investors like Paul Tudor Jones, Stanley Druckenmiller, and Bill Miller have all gone long bitcoin.

One River Asset Management launched a bitcoin fund and an ethereum fund for institutional investors that are expected to collectively hit hundreds of millions in assets under management. SkyBridge Capital just launched a bitcoin fund in early 2021 as well. NYDIG has spent years building a platform for institutional allocations and it’s getting a lot of traction over the past year, with huge inflows.

Bitcoin now has enough scale, institutional buy-in, and establishment credibility, to have a political/legal lobby. This can potentially mitigate regulatory attacks against it.

5) Bitcoin-Only (Not “Crypto”) Separate Ecosystem

There has been a rise in bitcoin-only and bitcoin-first companies.

Swan Bitcoin, for example, is a bitcoin-only accumulation firm, focusing on letting users dollar-cost average into bitcoin for a low cost, and with real customer service.

The key theme with these bitcoin accumulation platforms is you get a much better deal in terms of support and price than if you try to accumulate on most broad crypto exchanges that focus on high-turnover trading across many different tokens.

Coinkite and Specter Solutions have launched bitcoin-only hardware wallets with robust security features for techies, developers, and enterprise holders, whereas many earlier-generation wallets from other firms are multi-token. There has been a similar increase in bitcoin-only wallet software apps.

Casa is a bitcoin-first company, focusing on building multi-signature security solutions for safely holding sizable amounts of bitcoin.

Square’s Cash App lets users accumulate bitcoin and not other digital assets. Square also has bitcoin on their corporate balance sheet now.

The Strike app as previously mentioned is using the bitcoin/lightning network to send fiat-to-bitcoin-to-fiat payments globally. It does incorporate stablecoins from utility protocols as well.

Bitcoin’s ecosystem for hardware, security, and accumulation platforms is miles above any other individual network in this industry, while its ecosystem for development is in the top two along with ethereum.

6) Satellite Backup

The robustness of the bitcoin network continues to improve, and shows how hardcore the bitcoin community is about security.

It used to be said that bitcoin could be accessed by anyone with an internet connection. Well, now there are bitcoin satellites.

As Blockstream describes it, “The Bitcoin blockchain from space. No internet required. The Blockstream Satellite network broadcasts the bitcoin blockchain around the world 24/7 for free, protecting against network interruptions and providing areas without reliable internet connections with the opportunity to use Bitcoin.”

7) Bitcoin Rewards Cards

Bitcoin rewards cards exist now.

The Fold App lets members earn bitcoin on their purchases. BlockFi is launching a bitcoin rewards card. Cash App’s Cash Card lets users earn bitcoin on their purchases.

Bitcoin Rewards

These are are all automatic accumulation platforms for folks buying into bitcoin on a regular basis in small amounts, against a finite supply.

A lot of people dismiss bitcoin and the broader crypto space as “speculative”, and that’s certainly true to an extent, since a lot of buyers are indeed speculating and trading.

But unlike many of the crypto tokens, and unlike many hot growth stocks out there to which bitcoin is often compared, bitcoin in particular has a huge community of dollar-cost averaging investors. This HODLer community focuses on buying in small tranches on a regular basis, and holding for years in cold storage.

From an outside perspective, I see some traditional folks put “crypto” and “bitcoin” and “wall street bets” and “retail speculators” all into the same bucket, but if you examine the communities up close, they’re actually quite different, with only partial overlap. One of these groups is not like the others in terms of the propensity to buy and hold.

Bitcoin vs Other Tokens

According to CoinMarketCap, the cryptocurrency market capitalization is a little under $1.6 trillion.

Bitcoin’s market capitalization is over $950 billion, or 60% of the total. However, bitcoin’s market share among tokens that try to optimize for being decentralized stores of value is even higher.


Of the total cryptocurrency market capitalization, tens of billions of dollars and climbing consist of stablecoins. These stablecoins are just an extension of fiat currency, so I don’t consider those to be competitors.

In fact, investors exchange fiat into stablecoins mainly so that they can trade other digital assets including bitcoin, with crypto-native liquidity that allows them to quickly move money around and arbitrage price spreads between exchanges.

Monetary Competitors

Then we have $13 billion for litecoin, $10 billion for bitcoin cash, and less than $4 billion each for bitcoin satoshi vision and monero. Besides bitcoin, these and a few others are the largest coins that attempt to optimize for being stores of value and mediums of exchange.

Compared to bitcoin, these tokens have fewer nodes, far less hash rate, lack of dedicated hardware/security ecosystem, and lack of institutional interest, so their network effects are not remotely close. Each one has a market capitalization of less than 2% of bitcoin’s market capitalization.

However, not all altcoin projects are created equal. I’m not, for example, comparing litecoin to bitcoin satoshi vision, as they have different levels of seriousness.


Then we have XRP at a little over $20 billion in its own category, which is being charged by the Securities and Exchange Commission as an unlicensed security.

Their inventor, Ripple Labs, raises money from investors and actively promotes XRP usage, so financially, it’s a very different situation than bitcoin. Bitcoin’s launch process was totally unique, with no pre-mine and no central promotion hub.


Finally, we have ethereum and other utility protocols like cardano that attempt to optimize for other things besides simply being a store of value or medium of exchange.

Ethereum with a market cap of about $200 billion, which serves as a platform for countless other tokens, is the one protocol besides bitcoin that has a substantial network effect at this point. I wrote my analysis of ethereum here. Cardano is over $36 billion, and Polkadot is at $32 billion.

Bitcoin focuses on doing one thing very well: being a decentralized and secure store of value and payment settlement layer. Other layers built on top of bitcoin can expand this capability, but that simple thing is what the base protocol does. Bitcoin is over 12 years old and hasn’t radically changed since inception.

Changes occur slowly as needed to improve security, and the biggest recent update was SegWit in 2017, which improved scalability and solved certain technical problems so that the lightning network and other layers could be built on top of it.

Depending on how you look at it, the bitcoin base layer has been a finished (post-beta) project since 2017 when SegWit was implemented and the fork wars ended, and arguably well before that.

Ethereum doesn’t optimize for being a store of value, and instead aims to be a world computer that runs smart contracts for a large number of decentralized applications, with the premise that its tokens may appreciate in value if the network continues to grow and improve, since the second version of the ecosystem will have built-in liquidity sinks in the form of staking, and collateralization that can make holding ethereum tokens attractive.

It’s like an operating system with a side order of money, and so it’s not exactly a direct competitor to bitcoin, although ethereum bulls argue that it could be if enough pieces fall into place from a technical perspective.

Ethereum 1.0 has been planning to change into ethereum 2.0 for a long time, and is rolling out that process currently and for the next couple years, which if enabled will radically alter the protocol, change its monetary policy, and transform it from using a proof-of-work mechanism to a proof-of-stake mechanism for its transaction verification process.

This could improve the protocol’s current limitations, but comes with significant implementation risk. I also don’t view ethereum as being as decentralized as bitcoin.

Meanwhile, two other proof-of-stake utility protocols, cardano and polkadot, have gained some market capitalization. Together, they have about 30% as much market capitalization as ethereum, which puts them closer to the leader than some of bitcoin’s monetary competitors are to bitcoin. So, if ethereum slips in its ethereum 2.0 transformation, there are some competitors looking for market share in the utility protocol competitive landscape.

Unlike bitcoin, I have no price model or firm risk/reward viewpoint towards ethereum tokens. If I had to guess, I’m rather bullish on ethereum whenever bitcoin does well, since some investors will pour into ethereum, and the ecosystem hosts an active trading community in DeFi. And by extension, I’d be rather bearish on ethereum whenever bitcoin is in a bear market.

There was a research paper by John Pfeffer back in late 2017 that explained why utility tokens, in and of themselves, are unlikely to accrue a lot of long-term monetary value.

That paper has been debated back and forth, but so far has indeed mostly played out as written over the subsequent 3+ years; the amount of value transacted on ethereum has nearly tripled since then due to its usage for high-frequency stablecoin trading and decentralized exchanges, surpassing bitcoin in peak transaction value, and yet ethereum’s market capitalization hasn’t grown by that same percentage.

Being a utility protocol does not preclude the tokens from also having store of value properties if things go well as part of the ethereum 2.0 overhaul; it just makes it challenging to do so since the protocol has to optimize for multiple things simultaneously.

It has to optimize for being a utility protocol while also having liquidity sinks and incentives to hold the tokens, which ethereum 2.0 will do via staking if things go as planned, and which is already happening on ethereum 1.0 in the form of collateral.

Market Concentration

Adjusted for liquidity, bitcoin and ethereum dominate the digital asset ecosystem. Bitcoin and ethereum together have a very large percentage of ex-stablecoin crypto market capitalization among major protocols, which excludes a long tail of tiny illiquid protocols.

I get emails from folks regularly about their favorite protocol and how it’s just around the corner of displacing bitcoin or ethereum. They’ll provide a long list of why, in their view, this coin of theirs is technologically superior.

However, if it’s not 10x better, its chances are remote against the likes of bitcoin. Imagine, for example, that I were to invent a social network that, according to a sample of folks, had a slightly better interface than Twitter or Facebook.

Would I have a chance of displacing them? Of course not. Going up against a billion-member network is impossible unless I’m doing something radically better or radically different. The same is true for any altcoin that is intending to be a store of value vs bitcoin.

Bitcoin hasn’t yet been displaced in twelve years despite the arrival of over 8,000 competitors. In other words, “if you come at the king you best not miss”, and so far there’s a graveyard of 8,000 misses, and a small handful of major protocols.

Final Thoughts

Determining whether bitcoin is a good place to allocate capital to or not, ultimately depends on an investor’s assessment of its network effect.

In the meantime, it’s a machine for generating market capitalization in an algorithmic way. Every two weeks (2,016 blocks), the network undergoes an automatic difficulty adjustment to ensure that new blocks are being generated by miners every 10 minutes on average. Every four years (210,000 blocks), the number of new coins generated for each new block gets cut in half, resulting in a supply shock.

This Pattern Tends To Drive The Price Up Over Time In A Consistent Cycle

It’s unclear when this pattern will eventually break, but with its strong track record and the ongoing development in the surrounding ecosystem (hardware products, payment apps, security apps, custody solutions, regulatory improvements, and second-layer development), I think bitcoin deserves a consideration for a nonzero allocation in a portfolio.

However, investors can study the protocol and the ecosystem and come to their own conclusions.

Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,Analyzing Bitcoin’s Network Effect,

Related Articles:

Bitcoin Information & Resources (#GotBitcoin?)

US Government To Sell 0.7501 Bitcoin Worth $38,000 At Current Prices

Pro Traders Avoid Bitcoin Longs While Cautiously Watching DXY Strengthen

Bitcoin Hits Highest Level In Two Weeks As Big-Money Bets Flow

OG Status In Crypto Is A Liability

Bridging The Bitcoin Gender Gap: Crypto Lets Everyone Access Wealth

HODLing Early Leads To Relationship Troubles? Redditors Share Their Stories

Want To Be Rich? Bitcoin’s Limited Supply Cap Means You Only Need 0.01 BTC

You Can Earn 6%, 8%, Even 12% On A Bitcoin ‘Savings Account’—Yeah, Right

Egyptians Are Buying Bitcoin Despite Prohibitive New Banking Laws

Is March Historically A Bad Month For Bitcoin?

Suze Orman: ‘I love Bitcoin’

Bitcoin Falls 4% As Fed’s Powell Sees ‘Concern’ Over Rising Bond Yields

US Retailers See Millions In Lost Sales Due To Port Congestion, Shortage Of Containers

Pandemic-Relief Aid Boosts Household Income Which Causes Artificial Economic Stimulus

YouTube Suspends CoinDesk’s Channel Over Unspecified Violations

It’s Gates Versus Musk As World’s Richest Spar Over Bitcoin

Charlie Munger Is Sure Bitcoin Will Fail To Become A Global Medium Of Exchange

Bitcoin Is Minting Thousands Of Crypto ‘Diamond Hands’ Millionaires Complete W/Laser Eyes

Federal Reserve’s Wire & ACH Systems Go Down, Visa & Mastercard Raise Fees, Meanwhile, Bitcoin Works Just Fine

Dubai’s IBC Group Pledges 100,000 Bitcoin ($4.8 Billion) 20% Of All Bitcoin, Largest So Far

Bitcoin’s Value Is All In The Eye Of The ‘Bithodler’

Bitcoin Is Hitting Record Highs. Why It’s Not Too Late To Dig For Digital Gold

$56.3K Bitcoin Price And $1Trillion Market Cap Signal BTC Is Here To Stay

Christie’s Auction House Will Now Accept Cryptocurrency

Why A Chinese New Year Bitcoin Sell-Off Did Not Happen This Year

The US Federal Reserve Will Adopt Bitcoin As A Reserve Asset

Motley Fool Adding $5M In Bitcoin To Its ‘10X Portfolio’ — Has A $500K Price Target

German Cannabis Company Hedges With Bitcoin In Case Euro Crashes

Bitcoin: What To Know Before Investing

China’s Cryptocurrency Stocks Left Behind In Bitcoin Frenzy

Bitcoin’s Epic Run Is Winning More Attention On Wall Street

Bitcoin Jumps To $50,000 As Record-Breaking Rally Accelerates

Bitcoin’s Volatility Should Burn Investors. It Hasn’t

Bitcoin’s Latest Record Run Is Less Volatile Than The 2017 Boom

Blockchain As A Replacement To The MERS (Mortgage Electronic Registration System)

The Ultimate Resource On “PriFi” Or Private Finance

Deutsche Bank To Offer Bitcoin Custody Services

BeanCoin Currency Casts Lifeline To Closed New Orleans Bars

Bitcoin Could Enter ‘Supercycle’ As Fed Balance Sheet Hits New Record High

Crypto Mogul Bets On ‘Meme Investing’ With Millions In GameStop

Iran’s Central Banks Acquires Bitcoin Even Though Lagarde Says Central Banks Will Not Hold Bitcoin

Bitcoin To Come To America’s Oldest Bank, BNY Mellon

Tesla’s Bitcoin-Equals-Cash View Isn’t Shared By All Crypto Owners

How A Lawsuit Against The IRS Is Trying To Expand Privacy For Crypto Users

Apple Should Launch Own Crypto Exchange, RBC Analyst Says

Bitcoin Hits $43K All-Time High As Tesla Invests $1.5 Billion In BTC

Bitcoin Bounces Off Top of Recent Price Range

Top Fiat Currencies By Market Capitalization VS Bitcoin

Bitcoin Eyes $50K Less Than A Month After BTC Price Broke Its 2017 All-Time High

Investors Piling Into Overvalued Crypto Funds Risk A Painful Exit

Parents Should Be Aware Of Their Children’s Crypto Tax Liabilities

Miami Mayor Says City Employees Should Be Able To Take Their Salaries In Bitcoin

Bitcoiners Get Last Laugh As IBM’s “Blockchain Not Bitcoin” Effort Goes Belly-up

Bitcoin Accounts Offer 3-12% Rates In A Low-Interest World

Analyst Says Bitcoin Price Sell-Off May Occur As Chinese New Year Approaches

Why The Crypto World Needs To Build An Amazon Of Its Own

Tor Project’s Crypto Donations Increased 23% In 2020

Social Trading Platform eToro Ended 2020 With $600M In Revenue

Bitcoin Billionaire Set To Run For California Governor

GameStop Investing Craze ‘Proof of Concept’ For Bitcoin Success

Bitcoin Entrepreneurs Install Mining Rigs In Cars. Will Trucks And Tractor Trailers Be Next?

Harvard, Yale, Brown Endowments Have Been Buying Bitcoin For At Least A Year

Bitcoin Return To $40,000 In Doubt As Flows To Key Fund Slow

Ultimate Resource For Leading Non-Profits Focused On Policy Issues Facing Cryptocurrencies

Regulate Cryptocurrencies? Not Yet

Check Out These Cryptocurrency Clubs And Bitcoin Groups!

Blockchain Brings Unicorns To Millennials

Crypto-Industry Prepares For Onslaught Of Public Listings

Bitcoin Core Lead Maintainer Steps Back, Encourages Decentralization

Here Are Very Bitcoiny Ways To Get Bitcoin Exposure

To Understand Bitcoin, Just Think of It As A Faith-Based Asset

Cryptos Won’t Work As Actual Currencies, UBS Economist Says

Older Investors Are Getting Into Crypto, New Survey Finds

Access Denied: Banks Seem Prone To Cryptophobia Despite Growing Adoption

Pro Traders Buy The Dip As Bulls Address A Trifecta Of FUD News Announcements

Andreas Antonopoulos And Others Debunk Bitcoin Double-Spend FUD

New Bitcoin Investors Explain Why They’re Buying At Record Prices

When Crypto And Traditional Investors Forget Fundamentals, The Market Is Broken

First Hyperledger-based Cryptocurrency Explodes 486% Overnight On Bittrex BTC Listing

Bitcoin Steady As Analysts Say Getting Back To $40,000 Is Key

Coinbase, MEVP Invest In Crypto-Asset Startup Rain

Synthetic Dreams: Wrapped Crypto Assets Gain Traction Amid Surging Market

Secure Bitcoin Self-Custody: Balancing Safety And Ease Of Use

Voyager Crypto App Review

UBS (A Totally Corrupt And Criminal Bank) Warns Clients Crypto Prices Can Actually Go To Zero

Bitcoin Swings Undermine CFO Case For Converting Cash To Crypto

CoinLab Cuts Deal With Mt. Gox Trustee Over Bitcoin Claims

Bitcoin Slides Under $35K Despite Biden Unveiling $1.9 Trillion Stimulus

Bitcoin Refuses To ‘Die’ As BTC Price Hits $40K Just Three Days After Crash

Ex-Ripple CTO Can’t Remember Password To Access $240M In Bitcoin

Financial Advisers Are Betting On Bitcoin As A Hedge

ECB President Christine Lagarde (French Convict) Says, Bitcoin Enables “Funny Business.”

German Police Shut Down Darknet Marketplace That Traded Bitcoin

Bitcoin Miner That’s Risen 1,400% Says More Regulation Is Needed

Bitcoin Rebounds While Leaving Everyone In Dark On True Worth

UK Treasury Calls For Feedback On Approach To Cryptocurrency And Stablecoin Regulation

What Crypto Users Need Know About Changes At The SEC

Where Does This 28% Bitcoin Price Drop Rank In History? Not Even In The Top 5

Seven Times That US Regulators Stepped Into Crypto In 2020

Retail Has Arrived As Paypal Clears $242M In Crypto Sales Nearly Double The Previous Record

Bitcoin’s Slide Dents Price Momentum That Dwarfed Everything

Does Bitcoin Boom Mean ‘Better Gold’ Or Bigger Bubble?

Bitcoin Whales Are Profiting As ‘Weak Hands’ Sell BTC After Price Correction

Crypto User Recovers Long-Lost Private Keys To Access $4M In Bitcoin

The Case For And Against Investing In Bitcoin

Bitcoin’s Wild Weekends Turn Efficient Market Theory Inside Out

Mega-Bullish News For Bitcoin As Elon Musk Says, “Pay Me In Bitcoin” And Biden Says, “Ignore Budget Deficits”!

Bitcoin Price Briefly Surpasses Market Cap Of Tencent

Broker Touts Exotic Bitcoin Bet To Squeeze Income From Crypto

Broker Touts Exotic Bitcoin Bet To Squeeze Income From Crypto

Tesla’s Crypto-Friendly CEO Is Now The Richest Man In The World

Crypto Market Cap Breaks $1 Trillion Following Jaw-Dropping Rally

Gamblers Could Use Bitcoin At Slot Machines With New Patent

Crypto Users Donate $400K To Julian Assange Defense As Mexico Proposes Asylum

Grayscale Ethereum Trust Fell 22% Despite Rally In Holdings

Bitcoin’s Bulls Should Fear Its Other Scarcity Problem

Ether Follows Bitcoin To Record High Amid Dizzying Crypto Rally

Retail Investors Are Largely Uninvolved As Bitcoin Price Chases $40K

Bitcoin Breaches $34,000 As Rally Extends Into New Year

Social Media Interest In Bitcoin Hits All-Time High

Bitcoin Price Quickly Climbs To $31K, Liquidating $100M Of Shorts

How Massive Bitcoin Buyer Activity On Coinbase Propelled BTC Price Past $32K

FinCEN Wants US Citizens To Disclose Offshore Crypto Holdings of $10K+

Governments Will Start To Hodl Bitcoin In 2021

Crypto-Linked Stocks Extend Rally That Produced 400% Gains

‘Bitcoin Liquidity Crisis’ — BTC Is Becoming Harder To Buy On Exchanges, Data Shows

Bitcoin Looks To Gain Traction In Payments

BTC Market Cap Now Over Half A Trillion Dollars. Major Weekly Candle Closed!!

Elon Musk And Satoshi Nakamoto Making Millionaires At Record Pace

Binance Enables SegWit Support For Bitcoin Deposits As Adoption Grows

Santoshi Nakamoto Delivers $24.5K Christmas Gift With Another New All-Time High

Bitcoin’s Rally Has Already Outlasted 2017’s Epic Run

Gifting Crypto To Loved Ones This Holiday? Educate Them First

Scaramucci’s SkyBridge Files With SEC To Launch Bitcoin Fund

Samsung Integrates Bitcoin Wallets And Exchange Into Galaxy Phones

HTC Smartphone Will Run A Full Bitcoin Node (#GotBitcoin?)

HTC’s New 5G Router Can Host A Full Bitcoin Node

Bitcoin Miners Are Heating Homes Free of Charge

Bitcoin Miners Will Someday Be Incorporated Into Household Appliances

Musk Inquires About Moving ‘Large Transactions’ To Bitcoin

How To Invest In Bitcoin: It Can Be Easy, But Watch Out For Fees

Megan Thee Stallion Gives Away $1 Million In Bitcoin

CoinFLEX Sets Up Short-Term Lending Facility For Crypto Traders

Wall Street Quants Pounce On Crytpo Industry And Some Are Not Sure What To Make Of It

Bitcoin Shortage As Wall Street FOMO Turns BTC Whales Into ‘Plankton’

Bitcoin Tops $22,000 And Strategists Say Rally Has Further To Go

Why Bitcoin Is Overpriced by More Than 50%

Kraken Exchange Will Integrate Bitcoin’s Lightning Network In 2021

New To Bitcoin? Stay Safe And Avoid These Common Scams

Andreas M. Antonopoulos And Simon Dixon Say Don’t Buy Bitcoin!

Famous Former Bitcoin Critics Who Conceded In 2020

Jim Cramer Bought Bitcoin While ‘Off Nicely From The Top’ In $17,000S

The Wealthy Are Jumping Into Bitcoin As Stigma Around Crypto Fades

WordPress Adds Official Ethereum Ad Plugin

France Moves To Ban Anonymous Crypto Accounts To Prevent Money Laundering

10 Predictions For 2021: China, Bitcoin, Taxes, Stablecoins And More

Movie Based On Darknet Market Silk Road Premiering In February

Crypto Funds Have Seen Record Investment Inflow In Recent Weeks

US Gov Is Bitcoin’s Last Remaining Adversary, Says Messari Founder

$1,200 US Stimulus Check Is Now Worth Almost $4,000 If Invested In Bitcoin

German Bank Launches Crypto Fund Covering Portfolio Of Digital Assets

World Governments Agree On Importance Of Crypto Regulation At G-7 Meeting

Why Some Investors Get Bitcoin So Wrong, And What That Says About Its Strengths

It’s Not About Data Ownership, It’s About Data Control, EFF Director Says

‘It Will Send BTC’ — On-Chain Analyst Says Bitcoin Hodlers Are Only Getting Stronger

Bitcoin Arrives On Wall Street: S&P Dow Jones Launching Crypto Indexes In 2021

Audio Streaming Giant Spotify Is Looking Into Crypto Payments

BlackRock (Assets Under Management $7.4 Trillion) CEO: Bitcoin Has Caught Our Attention

Bitcoin Moves $500K Around The Globe Every Second, Says Samson Mow

Pomp Talks Shark Tank’s Kevin O’leary Into Buying ‘A Little More’ Bitcoin

Bitcoin Is The Tulipmania That Refuses To Die

Ultimate Resource On Ethereum 2.0

Biden Should Integrate Bitcoin Into Us Financial System, Says Niall Ferguson

Bitcoin Is Winning The Monetary Revolution

Cash Is Trash, Dump Gold, Buy Bitcoin!

Bitcoin Price Sets New Record High Above $19,783

You Call That A Record? Bitcoin’s November Gains Are 3x Stock Market’s

Bitcoin Fights Back With Power, Speed and Millions of Users

Guggenheim Fund ($295 Billion Assets Under Management) Reserves Right To Put Up To 10% In Bitcoin Trust!

Exchanges Outdo Auctions For Governments Cashing In Criminal Crypto, Says Exec

Coinbase CEO: Trump Administration May ‘Rush Out’ Burdensome Crypto Wallet Rules

Bitcoin Plunges Along With Other Coins Providing For A Major Black Friday Sale Opportunity

The Most Bullish Bitcoin Arguments For Your Thanksgiving Table

‘Bitcoin Tuesday’ To Become One Of The Largest-Ever Crypto Donation Events

World’s First 24/7 Crypto Call-In Station!!!

Bitcoin Trades Again Near Record, Driven By New Group Of Buyers

Friendliest Of Them All? These Could Be The Best Countries For Crypto

Bitcoin Price Doubles Since The Halving, With Just 3.4M Bitcoin Left For Buyers

First Company-Sponsored Bitcoin Retirement Plans Launched In US

Poker Players Are Enhancing Winnings By Cashing Out In Bitcoin

Crypto-Friendly Brooks Gets Nod To Serve 5-Year Term Leading Bank Regulator

The Bitcoin Comeback: Is Crypto Finally Going Mainstream?

The Dark Future Where Payments Are Politicized And Bitcoin Wins

Mexico’s 3rd Richest Man Reveals BTC Holdings As Bitcoin Breaches $18,000

Ultimate Resource On Mike Novogratz And Galaxy Digital’s Bitcoin News

Bitcoin’s Gunning For A Record And No One’s Talking About It

Simple Steps To Keep Your Crypto Safe

US Company Now Lets Travelers Pay For Passports With Bitcoin

Billionaire Hedge Fund Investor Stanley Druckenmiller Says He Owns Bitcoin In CNBC Interview

China’s UnionPay And Korea’s Danal To Launch Crypto-Supporting Digital Card #GotBitcoin

Bitcoin Is Back Trading Near Three-Year Highs

Bitcoin Transaction Fees Rise To 28-Month High As Hashrate Drops Amid Price Rally

Market Is Proving Bitcoin Is ‘Ultimate Safe Haven’ — Anthony Pompliano

3 Reasons Why Bitcoin Price Suddenly Dropping Below $13,000 Isn’t Bearish

Bitcoin Resurgence Leaves Institutional Acceptance Unanswered

Bitcoin’s Rivalry With Gold Plus Millennial Interest Gives It ‘Considerable’ Upside Potential: JPMorgan

WordPress Content Can Now Be Timestamped On Ethereum

PayPal To Offer Crypto Payments Starting In 2021 (A-Z) (#GotBitcoin?)

As Bitcoin Approaches $13,000 It Breaks Correlation With Equities

Crypto M&A Surges Past 2019 Total As Rest of World Eclipses U.S. (#GotBitcoin?)

How HBCUs Are Prepping Black Students For Blockchain Careers

Why Every US Congressman Just Got Sent Some ‘American’ Bitcoin

CME Sounding Out Crypto Traders To Gauge Market Demand For Ether Futures, Options

Caitlin Long On Bitcoin, Blockchain And Rehypothecation (#GotBitcoin?)

Bitcoin Drops To $10,446.83 As CFTC Charges BitMex With Illegally Operating Derivatives Exchange

BitcoinACKs Lets You Track Bitcoin Development And Pay Coders For Their Work

One Of Hal Finney’s Lost Contributions To Bitcoin Core To Be ‘Resurrected’ (#GotBitcoin?)

Cross-chain Money Markets, Latest Attempt To Bring Liquidity To DeFi

Memes Mean Mad Money. Those Silly Defi Memes, They’re Really Important (#GotBitcoin?)

Bennie Overton’s Story About Our Corrupt U.S. Judicial, Global Financial Monetary System And Bitcoin

Stop Fucking Around With Public Token Airdrops In The United States (#GotBitcoin?)

Mad Money’s Jim Cramer Will Invest 1% Of Net Worth In Bitcoin Says, “Gold Is Dangerous”

State-by-state Licensing For Crypto And Payments Firms In The Us Just Got Much Easier (#GotBitcoin?)

Bitcoin (BTC) Ranks As World 6Th Largest Currency

Pomp Claims He Convinced Jim Cramer To Buy Bitcoin

Traditional Investors View Bitcoin As If It Were A Technology Stock

Mastercard Releases Platform Enabling Central Banks To Test Digital Currencies (#GotBitcoin?)

Being Black On Wall Street. Top Black Executives Speak Out About Racism (#GotBitcoin?)

Tesla And Bitcoin Are The Most Popular Assets On TradingView (#GotBitcoin?)

From COVID Generation To Crypto Generation (#GotBitcoin?)

Right-Winger Tucker Carlson Causes Grayscale Investments To Pull Bitcoin Ads

Bitcoin Has Lost Its Way: Here’s How To Return To Crypto’s Subversive Roots

Cross Chain Is Here: NEO, ONT, Cosmos And NEAR Launch Interoperability Protocols (#GotBitcoin?)

Crypto Trading Products Enter The Mainstream With A Number Of Inherent Advantages (#GotBitcoin?)

Crypto Goes Mainstream With TV, Newspaper Ads (#GotBitcoin?)

A Guarded Generation: How Millennials View Money And Investing (#GotBitcoin?)

Blockchain-Backed Social Media Brings More Choice For Users

California Moves Forward With Digital Asset Bill (#GotBitcoin?)

Walmart Adds Crypto Cashback Through Shopping Loyalty Platform StormX (#GotBitcoin?)

Congressman Tom Emmer To Lead First-Ever Crypto Town Hall (#GotBitcoin?)

Why It’s Time To Pay Attention To Mexico’s Booming Crypto Market (#GotBitcoin?)

The Assets That Matter Most In Crypto (#GotBitcoin?)

Ultimate Resource On Non-Fungible Tokens

Bitcoin Community Highlights Double-Standard Applied Deutsche Bank Epstein Scandal

Blockchain Makes Strides In Diversity. However, Traditional Tech Industry Not-S0-Much (#GotBitcoin?)

An Israeli Blockchain Startup Claims It’s Invented An ‘Undo’ Button For BTC Transactions

After Years of Resistance, BitPay Adopts SegWit For Cheaper Bitcoin Transactions

US Appeals Court Allows Warrantless Search of Blockchain, Exchange Data

Central Bank Rate Cuts Mean ‘World Has Gone Zimbabwe’

This Researcher Says Bitcoin’s Elliptic Curve Could Have A Secret Backdoor

China Discovers 4% Of Its Reserves Or 83 Tons Of It’s Gold Bars Are Fake (#GotBitcoin?)

Former Legg Mason Star Bill Miller And Bloomberg Are Optimistic About Bitcoin’s Future

Yield Chasers Are Yield Farming In Crypto-Currencies (#GotBitcoin?)

Australia Post Office Now Lets Customers Buy Bitcoin At Over 3,500 Outlets

Anomaly On Bitcoin Sidechain Results In Brief Security Lapse

SEC And DOJ Charges Lobbying Kingpin Jack Abramoff And Associate For Money Laundering

Veteran Commodities Trader Chris Hehmeyer Goes All In On Crypto (#GotBitcoin?)

Activists Document Police Misconduct Using Decentralized Protocol (#GotBitcoin?)

Supposedly, PayPal, Venmo To Roll Out Crypto Buying And Selling (#GotBitcoin?)

Industry Leaders Launch PayID, The Universal ID For Payments (#GotBitcoin?)

Crypto Quant Fund Debuts With $23M In Assets, $2.3B In Trades (#GotBitcoin?)

The Queens Politician Who Wants To Give New Yorkers Their Own Crypto

Why Does The SEC Want To Run Bitcoin And Ethereum Nodes?

Trump Orders Treasury Secretary Steve Mnuchin To Destroy Bitcoin Just Like They Destroyed The Traditional Economy

US Drug Agency Failed To Properly Supervise Agent Who Stole $700,000 In Bitcoin In 2015

Layer 2 Will Make Bitcoin As Easy To Use As The Dollar, Says Kraken CEO

Bootstrapping Mobile Mesh Networks With Bitcoin Lightning

Nevermind Coinbase — Big Brother Is Already Watching Your Coins (#GotBitcoin?)

BitPay’s Prepaid Mastercard Launches In US to Make Crypto Accessible (#GotBitcoin?)

Germany’s Deutsche Borse Exchange To List New Bitcoin Exchange-Traded Product

‘Bitcoin Billionaires’ Movie To Tell Winklevoss Bros’ Crypto Story

US Pentagon Created A War Game To Fight The Establishment With BTC (#GotBitcoin?)

JPMorgan Provides Banking Services To Crypto Exchanges Coinbase And Gemini (#GotBitcoin?)

Bitcoin Advocates Cry Foul As US Fed Buying ETFs For The First Time

Final Block Mined Before Halving Contained Reminder of BTC’s Origins (#GotBitcoin?)

Meet Brian Klein, Crypto’s Own ‘High-Stakes’ Trial Attorney (#GotBitcoin?)

3 Reasons For The Bitcoin Price ‘Halving Dump’ From $10K To $8.1K

Bitcoin Outlives And Outlasts Naysayers And First Website That Declared It Dead Back In 2010

Hedge Fund Pioneer Turns Bullish On Bitcoin Amid ‘Unprecedented’ Monetary Inflation

Antonopoulos: Chainalysis Is Helping World’s Worst Dictators & Regimes (#GotBitcoin?)

Survey Shows Many BTC Holders Use Hardware Wallet, Have Backup Keys (#GotBitcoin?)

Iran Ditches The Rial Amid Hyperinflation As Localbitcoins Seem To Trade Near $35K

Buffett ‘Killed His Reputation’ by Being Stupid About BTC, Says Max Keiser (#GotBitcoin?)

Meltem Demirors: “Bitcoin Is Not A F*Cking Systemic Hedge If You Hold Your Bitcoin At A Financial Institution”

Blockfolio Quietly Patches Years-Old Security Hole That Exposed Source Code (#GotBitcoin?)

Bitcoin Won As Store of Value In Coronavirus Crisis — Hedge Fund CEO

Decentralized VPN Gaining Steam At 100,000 Users Worldwide (#GotBitcoin?)

Crypto Exchange Offers Credit Lines so Institutions Can Trade Now, Pay Later (#GotBitcoin?)

Zoom Develops A Cryptocurrency Paywall To Reward Creators Video Conferencing Sessions (#GotBitcoin?)

Bitcoin Startup And Major Bitcoin Cash Partner To Shut Down After 6-Year Run

Open Interest In CME Bitcoin Futures Rises 70% As Institutions Return To Market

Square’s Users Can Route Stimulus Payments To BTC-Friendly Cash App

$1.1 Billion BTC Transaction For Only $0.68 Demonstrates Bitcoin’s Advantage Over Banks

Bitcoin Could Become Like ‘Prison Cigarettes’ Amid Deepening Financial Crisis

Bitcoin Holds Value As US Debt Reaches An Unfathomable $24 Trillion

How To Get Money (Crypto-currency) To People In An Emergency, Fast

US Intelligence To Study What Would Happen If U.S. Dollar Lost Its Status As World’s Reserve Currency (#GotBitcoin?)

Bitcoin Miner Manufacturers Mark Down Prices Ahead of Halving

Privacy-Oriented Browsers Gain Traction (#GotBitcoin?)

‘Breakthrough’ As Lightning Uses Web’s Forgotten Payment Code (#GotBitcoin?)

Bitcoin Starts Quarter With Price Down Just 10% YTD vs U.S. Stock’s Worst Quarter Since 2008

Bitcoin Enthusiasts, Liberal Lawmakers Cheer A Fed-Backed Digital Dollar

Crypto-Friendly Bank Revolut Launches In The US (#GotBitcoin?)

The CFTC Just Defined What ‘Actual Delivery’ of Crypto Should Look Like (#GotBitcoin?)

Crypto CEO Compares US Dollar To Onecoin Scam As Fed Keeps Printing (#GotBitcoin?)

Stuck In Quarantine? Become A Blockchain Expert With These Online Courses (#GotBitcoin?)

Bitcoin, Not Governments Will Save the World After Crisis, Tim Draper Says

Crypto Analyst Accused of Photoshopping Trade Screenshots (#GotBitcoin?)

QE4 Begins: Fed Cuts Rates, Buys $700B In Bonds; Bitcoin Rallies 7.7%

Mike Novogratz And Andreas Antonopoulos On The Bitcoin Crash

Amid Market Downturn, Number of People Owning 1 BTC Hits New Record (#GotBitcoin?)

Fatburger And Others Feed $30 Million Into Ethereum For New Bond Offering (#GotBitcoin?)

Pornhub Will Integrate PumaPay Recurring Subscription Crypto Payments (#GotBitcoin?)

Intel SGX Vulnerability Discovered, Cryptocurrency Keys Threatened

Bitcoin’s Plunge Due To Manipulation, Traditional Markets Falling or PlusToken Dumping?

Countries That First Outlawed Crypto But Then Embraced It (#GotBitcoin?)

Bitcoin Maintains Gains As Global Equities Slide, US Yield Hits Record Lows

HTC’s New 5G Router Can Host A Full Bitcoin Node

India Supreme Court Lifts RBI Ban On Banks Servicing Crypto Firms (#GotBitcoin?)

Analyst Claims 98% of Mining Rigs Fail to Verify Transactions (#GotBitcoin?)

Blockchain Storage Offers Security, Data Transparency And immutability. Get Over it!

Black Americans & Crypto (#GotBitcoin?)

Coinbase Wallet Now Allows To Send Crypto Through Usernames (#GotBitcoin)

New ‘Simpsons’ Episode Features Jim Parsons Giving A Crypto Explainer For The Masses (#GotBitcoin?)

Crypto-currency Founder Met With Warren Buffett For Charity Lunch (#GotBitcoin?)

Witches Love Bitcoin

Bitcoin’s Potential To Benefit The African And African-American Community

Coinbase Becomes Direct Visa Card Issuer With Principal Membership

Bitcoin Achieves Major Milestone With Half A Billion Transactions Confirmed

Jill Carlson, Meltem Demirors Back $3.3M Round For Non-Custodial Settlement Protocol Arwen

Crypto Companies Adopt Features Similar To Banks (Only Better) To Drive Growth (#GotBitcoin?)

Top Graphics Cards That Will Turn A Crypto Mining Profit (#GotBitcoin?)

Bitcoin Usage Among Merchants Is Up, According To Data From Coinbase And BitPay

Top 10 Books Recommended by Crypto (#Bitcoin) Thought Leaders

Twitter Adds Bitcoin Emoji, Jack Dorsey Suggests Unicode Does The Same

Bitcoiners Are Now Into Fasting. Read This Article To Find Out Why

You Can Now Donate Bitcoin Or Fiat To Show Your Support For All Of Our Valuable Content

2019’s Top 10 Institutional Actors In Crypto (#GotBitcoin?)

What Does Twitter’s New Decentralized Initiative Mean? (#GotBitcoin?)

Crypto-Friendly Silvergate Bank Goes Public On New York Stock Exchange (#GotBitcoin?)

Bitcoin’s Best Q1 Since 2013 To ‘Escalate’ If $9.5K Is Broken

Billionaire Investor Tim Draper: If You’re a Millennial, Buy Bitcoin

What Are Lightning Wallets Doing To Help Onboard New Users? (#GotBitcoin?)

If You Missed Out On Investing In Amazon, Bitcoin Might Be A Second Chance For You (#GotBitcoin?)

2020 And Beyond: Bitcoin’s Potential Protocol (Privacy And Scalability) Upgrades (#GotBitcoin?)

US Deficit Will Be At Least 6 Times Bitcoin Market Cap — Every Year (#GotBitcoin?)

Central Banks Warm To Issuing Digital Currencies (#GotBitcoin?)

Meet The Crypto Angel Investor Running For Congress In Nevada (#GotBitcoin?)

Introducing BTCPay Vault – Use Any Hardware Wallet With BTCPay And Its Full Node (#GotBitcoin?)

How Not To Lose Your Coins In 2020: Alternative Recovery Methods (#GotBitcoin?)

H.R.5635 – Virtual Currency Tax Fairness Act of 2020 ($200.00 Limit) 116th Congress (2019-2020)

Adam Back On Satoshi Emails, Privacy Concerns And Bitcoin’s Early Days

The Prospect of Using Bitcoin To Build A New International Monetary System Is Getting Real

How To Raise Funds For Australia Wildfire Relief Efforts (Using Bitcoin And/Or Fiat )

Former Regulator Known As ‘Crypto Dad’ To Launch Digital-Dollar Think Tank (#GotBitcoin?)

Currency ‘Cold War’ Takes Center Stage At Pre-Davos Crypto Confab (#GotBitcoin?)

A Blockchain-Secured Home Security Camera Won Innovation Awards At CES 2020 Las Vegas

Bitcoin’s Had A Sensational 11 Years (#GotBitcoin?)

Sergey Nazarov And The Creation Of A Decentralized Network Of Oracles

Google Suspends MetaMask From Its Play App Store, Citing “Deceptive Services”

Christmas Shopping: Where To Buy With Crypto This Festive Season

At 8,990,000% Gains, Bitcoin Dwarfs All Other Investments This Decade

Coinbase CEO Armstrong Wins Patent For Tech Allowing Users To Email Bitcoin

Bitcoin Has Got Society To Think About The Nature Of Money

How DeFi Goes Mainstream In 2020: Focus On Usability (#GotBitcoin?)

Dissidents And Activists Have A Lot To Gain From Bitcoin, If Only They Knew It (#GotBitcoin?)

At A Refugee Camp In Iraq, A 16-Year-Old Syrian Is Teaching Crypto Basics

Bitclub Scheme Busted In The US, Promising High Returns From Mining

Bitcoin Advertised On French National TV

Germany: New Proposed Law Would Legalize Banks Holding Bitcoin

How To Earn And Spend Bitcoin On Black Friday 2019

The Ultimate List of Bitcoin Developments And Accomplishments

Charities Put A Bitcoin Twist On Giving Tuesday

Family Offices Finally Accept The Benefits of Investing In Bitcoin

An Army Of Bitcoin Devs Is Battle-Testing Upgrades To Privacy And Scaling

Bitcoin ‘Carry Trade’ Can Net Annual Gains With Little Risk, Says PlanB

Max Keiser: Bitcoin’s ‘Self-Settlement’ Is A Revolution Against Dollar

Blockchain Can And Will Replace The IRS

China Seizes The Blockchain Opportunity. How Should The US Respond? (#GotBitcoin?)

Jack Dorsey: You Can Buy A Fraction Of Berkshire Stock Or ‘Stack Sats’

Bitcoin Price Skyrockets $500 In Minutes As Bakkt BTC Contracts Hit Highs

Bitcoin’s Irreversibility Challenges International Private Law: Legal Scholar

Bitcoin Has Already Reached 40% Of Average Fiat Currency Lifespan

Yes, Even Bitcoin HODLers Can Lose Money In The Long-Term: Here’s How (#GotBitcoin?)

Unicef To Accept Donations In Bitcoin (#GotBitcoin?)

Former Prosecutor Asked To “Shut Down Bitcoin” And Is Now Face Of Crypto VC Investing (#GotBitcoin?)

Switzerland’s ‘Crypto Valley’ Is Bringing Blockchain To Zurich

Next Bitcoin Halving May Not Lead To Bull Market, Says Bitmain CEO

Tim Draper Bets On Unstoppable Domain’s .Crypto Domain Registry To Replace Wallet Addresses (#GotBitcoin?)

Bitcoin Developer Amir Taaki, “We Can Crash National Economies” (#GotBitcoin?)

Veteran Crypto And Stocks Trader Shares 6 Ways To Invest And Get Rich

Have I Missed The Boat? – Best Ways To Purchase Cryptocurrency

Is Chainlink Blazing A Trail Independent Of Bitcoin?

Nearly $10 Billion In BTC Is Held In Wallets Of 8 Crypto Exchanges (#GotBitcoin?)

SEC Enters Settlement Talks With Alleged Fraudulent Firm Veritaseum (#GotBitcoin?)

Blockstream’s Samson Mow: Bitcoin’s Block Size Already ‘Too Big’

Attorneys Seek Bank Of Ireland Execs’ Testimony Against OneCoin Scammer (#GotBitcoin?)

OpenLibra Plans To Launch Permissionless Fork Of Facebook’s Stablecoin (#GotBitcoin?)

Tiny $217 Options Trade On Bitcoin Blockchain Could Be Wall Street’s Death Knell (#GotBitcoin?)

Class Action Accuses Tether And Bitfinex Of Market Manipulation (#GotBitcoin?)

Sharia Goldbugs: How ISIS Created A Currency For World Domination (#GotBitcoin?)

Bitcoin Eyes Demand As Hong Kong Protestors Announce Bank Run (#GotBitcoin?)

How To Securely Transfer Crypto To Your Heirs

‘Gold-Backed’ Crypto Token Promoter Karatbars Investigated By Florida Regulators (#GotBitcoin?)

Crypto News From The Spanish-Speaking World (#GotBitcoin?)

Financial Services Giant Morningstar To Offer Ratings For Crypto Assets (#GotBitcoin?)

‘Gold-Backed’ Crypto Token Promoter Karatbars Investigated By Florida Regulators (#GotBitcoin?)

The Original Sins Of Cryptocurrencies (#GotBitcoin?)

Bitcoin Is The Fraud? JPMorgan Metals Desk Fixed Gold Prices For Years (#GotBitcoin?)

Israeli Startup That Allows Offline Crypto Transactions Secures $4M (#GotBitcoin?)

[PSA] Non-genuine Trezor One Devices Spotted (#GotBitcoin?)

Bitcoin Stronger Than Ever But No One Seems To Care: Google Trends (#GotBitcoin?)

First-Ever SEC-Qualified Token Offering In US Raises $23 Million (#GotBitcoin?)

You Can Now Prove A Whole Blockchain With One Math Problem – Really

Crypto Mining Supply Fails To Meet Market Demand In Q2: TokenInsight

$2 Billion Lost In Mt. Gox Bitcoin Hack Can Be Recovered, Lawyer Claims (#GotBitcoin?)

Fed Chair Says Agency Monitoring Crypto But Not Developing Its Own (#GotBitcoin?)

Wesley Snipes Is Launching A Tokenized $25 Million Movie Fund (#GotBitcoin?)

Mystery 94K BTC Transaction Becomes Richest Non-Exchange Address (#GotBitcoin?)

A Crypto Fix For A Broken International Monetary System (#GotBitcoin?)

Four Out Of Five Top Bitcoin QR Code Generators Are Scams: Report (#GotBitcoin?)

Waves Platform And The Abyss To Jointly Launch Blockchain-Based Games Marketplace (#GotBitcoin?)

Bitmain Ramps Up Power And Efficiency With New Bitcoin Mining Machine (#GotBitcoin?)

Ledger Live Now Supports Over 1,250 Ethereum-Based ERC-20 Tokens (#GotBitcoin?)

Miss Finland: Bitcoin’s Risk Keeps Most Women Away From Cryptocurrency (#GotBitcoin?)

Artist Akon Loves BTC And Says, “It’s Controlled By The People” (#GotBitcoin?)

Ledger Live Now Supports Over 1,250 Ethereum-Based ERC-20 Tokens (#GotBitcoin?)

Co-Founder Of LinkedIn Presents Crypto Rap Video: Hamilton Vs. Satoshi (#GotBitcoin?)

Crypto Insurance Market To Grow, Lloyd’s Of London And Aon To Lead (#GotBitcoin?)

No ‘AltSeason’ Until Bitcoin Breaks $20K, Says Hedge Fund Manager (#GotBitcoin?)

NSA Working To Develop Quantum-Resistant Cryptocurrency: Report (#GotBitcoin?)

Custody Provider Legacy Trust Launches Crypto Pension Plan (#GotBitcoin?)

Vaneck, SolidX To Offer Limited Bitcoin ETF For Institutions Via Exemption (#GotBitcoin?)

Russell Okung: From NFL Superstar To Bitcoin Educator In 2 Years (#GotBitcoin?)

Bitcoin Miners Made $14 Billion To Date Securing The Network (#GotBitcoin?)

Why Does Amazon Want To Hire Blockchain Experts For Its Ads Division?

Argentina’s Economy Is In A Technical Default (#GotBitcoin?)

Blockchain-Based Fractional Ownership Used To Sell High-End Art (#GotBitcoin?)

Portugal Tax Authority: Bitcoin Trading And Payments Are Tax-Free (#GotBitcoin?)

Bitcoin ‘Failed Safe Haven Test’ After 7% Drop, Peter Schiff Gloats (#GotBitcoin?)

Bitcoin Dev Reveals Multisig UI Teaser For Hardware Wallets, Full Nodes (#GotBitcoin?)

Bitcoin Price: $10K Holds For Now As 50% Of CME Futures Set To Expire (#GotBitcoin?)

Bitcoin Realized Market Cap Hits $100 Billion For The First Time (#GotBitcoin?)

Stablecoins Begin To Look Beyond The Dollar (#GotBitcoin?)

Bank Of England Governor: Libra-Like Currency Could Replace US Dollar (#GotBitcoin?)

Binance Reveals ‘Venus’ — Its Own Project To Rival Facebook’s Libra (#GotBitcoin?)

The Real Benefits Of Blockchain Are Here. They’re Being Ignored (#GotBitcoin?)

CommBank Develops Blockchain Market To Boost Biodiversity (#GotBitcoin?)

SEC Approves Blockchain Tech Startup Securitize To Record Stock Transfers (#GotBitcoin?)

SegWit Creator Introduces New Language For Bitcoin Smart Contracts (#GotBitcoin?)

You Can Now Earn Bitcoin Rewards For Postmates Purchases (#GotBitcoin?)

Bitcoin Price ‘Will Struggle’ In Big Financial Crisis, Says Investor (#GotBitcoin?)

Fidelity Charitable Received Over $100M In Crypto Donations Since 2015 (#GotBitcoin?)

Would Blockchain Better Protect User Data Than FaceApp? Experts Answer (#GotBitcoin?)

Just The Existence Of Bitcoin Impacts Monetary Policy (#GotBitcoin?)

What Are The Biggest Alleged Crypto Heists And How Much Was Stolen? (#GotBitcoin?)

IRS To Cryptocurrency Owners: Come Clean, Or Else!

Coinbase Accidentally Saves Unencrypted Passwords Of 3,420 Customers (#GotBitcoin?)

Bitcoin Is A ‘Chaos Hedge, Or Schmuck Insurance‘ (#GotBitcoin?)

Bakkt Announces September 23 Launch Of Futures And Custody

Coinbase CEO: Institutions Depositing $200-400M Into Crypto Per Week (#GotBitcoin?)

Researchers Find Monero Mining Malware That Hides From Task Manager (#GotBitcoin?)

Crypto Dusting Attack Affects Nearly 300,000 Addresses (#GotBitcoin?)

A Case For Bitcoin As Recession Hedge In A Diversified Investment Portfolio (#GotBitcoin?)

SEC Guidance Gives Ammo To Lawsuit Claiming XRP Is Unregistered Security (#GotBitcoin?)

15 Countries To Develop Crypto Transaction Tracking System: Report (#GotBitcoin?)

US Department Of Commerce Offering 6-Figure Salary To Crypto Expert (#GotBitcoin?)

Mastercard Is Building A Team To Develop Crypto, Wallet Projects (#GotBitcoin?)

Canadian Bitcoin Educator Scams The Scammer And Donates Proceeds (#GotBitcoin?)

Amazon Wants To Build A Blockchain For Ads, New Job Listing Shows (#GotBitcoin?)

Shield Bitcoin Wallets From Theft Via Time Delay (#GotBitcoin?)

Blockstream Launches Bitcoin Mining Farm With Fidelity As Early Customer (#GotBitcoin?)

Commerzbank Tests Blockchain Machine To Machine Payments With Daimler (#GotBitcoin?)

Bitcoin’s Historical Returns Look Very Attractive As Online Banks Lower Payouts On Savings Accounts (#GotBitcoin?)

Man Takes Bitcoin Miner Seller To Tribunal Over Electricity Bill And Wins (#GotBitcoin?)

Bitcoin’s Computing Power Sets Record As Over 100K New Miners Go Online (#GotBitcoin?)

Walmart Coin And Libra Perform Major Public Relations For Bitcoin (#GotBitcoin?)

Judge Says Buying Bitcoin Via Credit Card Not Necessarily A Cash Advance (#GotBitcoin?)

Poll: If You’re A Stockowner Or Crypto-Currency Holder. What Will You Do When The Recession Comes?

1 In 5 Crypto Holders Are Women, New Report Reveals (#GotBitcoin?)

Beating Bakkt, Ledgerx Is First To Launch ‘Physical’ Bitcoin Futures In Us (#GotBitcoin?)

Facebook Warns Investors That Libra Stablecoin May Never Launch (#GotBitcoin?)

Government Money Printing Is ‘Rocket Fuel’ For Bitcoin (#GotBitcoin?)

Bitcoin-Friendly Square Cash App Stock Price Up 56% In 2019 (#GotBitcoin?)

Safeway Shoppers Can Now Get Bitcoin Back As Change At 894 US Stores (#GotBitcoin?)

TD Ameritrade CEO: There’s ‘Heightened Interest Again’ With Bitcoin (#GotBitcoin?)

Venezuela Sets New Bitcoin Volume Record Thanks To 10,000,000% Inflation (#GotBitcoin?)

Newegg Adds Bitcoin Payment Option To 73 More Countries (#GotBitcoin?)

China’s Schizophrenic Relationship With Bitcoin (#GotBitcoin?)

More Companies Build Products Around Crypto Hardware Wallets (#GotBitcoin?)

Bakkt Is Scheduled To Start Testing Its Bitcoin Futures Contracts Today (#GotBitcoin?)

Bitcoin Network Now 8 Times More Powerful Than It Was At $20K Price (#GotBitcoin?)

Crypto Exchange BitMEX Under Investigation By CFTC: Bloomberg (#GotBitcoin?)

“Bitcoin An ‘Unstoppable Force,” Says US Congressman At Crypto Hearing (#GotBitcoin?)

Bitcoin Network Is Moving $3 Billion Daily, Up 210% Since April (#GotBitcoin?)

Cryptocurrency Startups Get Partial Green Light From Washington

Fundstrat’s Tom Lee: Bitcoin Pullback Is Healthy, Fewer Searches Аre Good (#GotBitcoin?)

Bitcoin Lightning Nodes Are Snatching Funds From Bad Actors (#GotBitcoin?)

The Provident Bank Now Offers Deposit Services For Crypto-Related Entities (#GotBitcoin?)

Bitcoin Could Help Stop News Censorship From Space (#GotBitcoin?)

US Sanctions On Iran Crypto Mining — Inevitable Or Impossible? (#GotBitcoin?)

US Lawmaker Reintroduces ‘Safe Harbor’ Crypto Tax Bill In Congress (#GotBitcoin?)

EU Central Bank Won’t Add Bitcoin To Reserves — Says It’s Not A Currency (#GotBitcoin?)

The Miami Dolphins Now Accept Bitcoin And Litecoin Crypt-Currency Payments (#GotBitcoin?)

Trump Bashes Bitcoin And Alt-Right Is Mad As Hell (#GotBitcoin?)

Goldman Sachs Ramps Up Development Of New Secret Crypto Project (#GotBitcoin?)

Blockchain And AI Bond, Explained (#GotBitcoin?)

Grayscale Bitcoin Trust Outperformed Indexes In First Half Of 2019 (#GotBitcoin?)

XRP Is The Worst Performing Major Crypto Of 2019 (GotBitcoin?)

Bitcoin Back Near $12K As BTC Shorters Lose $44 Million In One Morning (#GotBitcoin?)

As Deutsche Bank Axes 18K Jobs, Bitcoin Offers A ‘Plan ฿”: VanEck Exec (#GotBitcoin?)

Argentina Drives Global LocalBitcoins Volume To Highest Since November (#GotBitcoin?)

‘I Would Buy’ Bitcoin If Growth Continues — Investment Legend Mobius (#GotBitcoin?)

Lawmakers Push For New Bitcoin Rules (#GotBitcoin?)

Facebook’s Libra Is Bad For African Americans (#GotBitcoin?)

Crypto Firm Charity Announces Alliance To Support Feminine Health (#GotBitcoin?)

Canadian Startup Wants To Upgrade Millions Of ATMs To Sell Bitcoin (#GotBitcoin?)

Trump Says US ‘Should Match’ China’s Money Printing Game (#GotBitcoin?)

Casa Launches Lightning Node Mobile App For Bitcoin Newbies (#GotBitcoin?)

Bitcoin Rally Fuels Market In Crypto Derivatives (#GotBitcoin?)

World’s First Zero-Fiat ‘Bitcoin Bond’ Now Available On Bloomberg Terminal (#GotBitcoin?)

Buying Bitcoin Has Been Profitable 98.2% Of The Days Since Creation (#GotBitcoin?)

Another Crypto Exchange Receives License For Crypto Futures

From ‘Ponzi’ To ‘We’re Working On It’ — BIS Chief Reverses Stance On Crypto (#GotBitcoin?)

These Are The Cities Googling ‘Bitcoin’ As Interest Hits 17-Month High (#GotBitcoin?)

Venezuelan Explains How Bitcoin Saves His Family (#GotBitcoin?)

Quantum Computing Vs. Blockchain: Impact On Cryptography

This Fund Is Riding Bitcoin To Top (#GotBitcoin?)

Bitcoin’s Surge Leaves Smaller Digital Currencies In The Dust (#GotBitcoin?)

Bitcoin Exchange Hits $1 Trillion In Trading Volume (#GotBitcoin?)

Bitcoin Breaks $200 Billion Market Cap For The First Time In 17 Months (#GotBitcoin?)

You Can Now Make State Tax Payments In Bitcoin (#GotBitcoin?)

Religious Organizations Make Ideal Places To Mine Bitcoin (#GotBitcoin?)

Goldman Sacs And JP Morgan Chase Finally Concede To Crypto-Currencies (#GotBitcoin?)

Bitcoin Heading For Fifth Month Of Gains Despite Price Correction (#GotBitcoin?)

Breez Reveals Lightning-Powered Bitcoin Payments App For IPhone (#GotBitcoin?)

Big Four Auditing Firm PwC Releases Cryptocurrency Auditing Software (#GotBitcoin?)

Amazon-Owned Twitch Quietly Brings Back Bitcoin Payments (#GotBitcoin?)

JPMorgan Will Pilot ‘JPM Coin’ Stablecoin By End Of 2019: Report (#GotBitcoin?)

Is There A Big Short In Bitcoin? (#GotBitcoin?)

Coinbase Hit With Outage As Bitcoin Price Drops $1.8K In 15 Minutes

Samourai Wallet Releases Privacy-Enhancing CoinJoin Feature (#GotBitcoin?)

There Are Now More Than 5,000 Bitcoin ATMs Around The World (#GotBitcoin?)

You Can Now Get Bitcoin Rewards When Booking At Hotels.Com (#GotBitcoin?)

North America’s Largest Solar Bitcoin Mining Farm Coming To California (#GotBitcoin?)

Bitcoin On Track For Best Second Quarter Price Gain On Record (#GotBitcoin?)

Bitcoin Hash Rate Climbs To New Record High Boosting Network Security (#GotBitcoin?)

Bitcoin Exceeds 1Million Active Addresses While Coinbase Custodies $1.3B In Assets

Why Bitcoin’s Price Suddenly Surged Back $5K (#GotBitcoin?)

Bitcoin’s Lightning Comes To Apple Smartwatches With New App (#GotBitcoin?)

E-Trade To Offer Crypto Trading (#GotBitcoin)

US Rapper Lil Pump Starts Accepting Bitcoin Via Lightning Network On Merchandise Store (#GotBitcoin?)

Bitfinex Used Tether Reserves To Mask Missing $850 Million, Probe Finds (#GotBitcoin?)

21-Year-Old Jailed For 10 Years After Stealing $7.5M In Crypto By Hacking Cell Phones (#GotBitcoin?)

You Can Now Shop With Bitcoin On Amazon Using Lightning (#GotBitcoin?)

Afghanistan, Tunisia To Issue Sovereign Bonds In Bitcoin, Bright Future Ahead (#GotBitcoin?)

Crypto Faithful Say Blockchain Can Remake Securities Market Machinery (#GotBitcoin?)

Disney In Talks To Acquire The Owner Of Crypto Exchanges Bitstamp And Korbit (#GotBitcoin?)

Crypto Exchange Gemini Rolls Out Native Wallet Support For SegWit Bitcoin Addresses (#GotBitcoin?)

Binance Delists Bitcoin SV, CEO Calls Craig Wright A ‘Fraud’ (#GotBitcoin?)

Bitcoin Outperforms Nasdaq 100, S&P 500, Grows Whopping 37% In 2019 (#GotBitcoin?)

Bitcoin Passes A Milestone 400 Million Transactions (#GotBitcoin?)

Future Returns: Why Investors May Want To Consider Bitcoin Now (#GotBitcoin?)

Next Bitcoin Core Release To Finally Connect Hardware Wallets To Full Nodes (#GotBitcoin?)

Major Crypto-Currency Exchanges Use Lloyd’s Of London, A Registered Insurance Broker (#GotBitcoin?)

How Bitcoin Can Prevent Fraud And Chargebacks (#GotBitcoin?)

Why Bitcoin’s Price Suddenly Surged Back $5K (#GotBitcoin?)

Zebpay Becomes First Exchange To Add Lightning Payments For All Users (#GotBitcoin?)

Coinbase’s New Customer Incentive: Interest Payments, With A Crypto Twist (#GotBitcoin?)

The Best Bitcoin Debit (Cashback) Cards Of 2019 (#GotBitcoin?)

Real Estate Brokerages Now Accepting Bitcoin (#GotBitcoin?)

Ernst & Young Introduces Tax Tool For Reporting Cryptocurrencies (#GotBitcoin?)

How Will Bitcoin Behave During A Recession? (#GotBitcoin?)

Investors Run Out of Options As Bitcoin, Stocks, Bonds, Oil Cave To Recession Fears (#GotBitcoin?)

Our Facebook Page

Your Questions And Comments Are Greatly Appreciated.

Monty H. & Carolyn A

Go back

Leave a Reply