Written by Rob The Watergod | 4/2/2021
Since the launch of Bitcoin in 2009, blockchain technology has created an industry worth hundreds and billions of dollars, and launched a wave of economics. In addition, Some believe that crypto will be integral to the future of money. And that belief is starting to come true here’s why.
Mark Cuban’s Crypto Portfolio
Mark Cuban is confident about the future of cryptocurrency and often compares blockchain technology to the early days of the internet. Therefore, Cuban kept the little digital coin he purchased a few years back. According to “The Delphi Podcast”, Cuban said that his portfolio allocation is broken down as: 60% of his money in Bitcoin, 30% Ethereum, and 10% the rest. However, In 2012, Cuban said “Bitcoin is a better alternative to gold, and it’s going to continue to be that’s why I own bitcoin and why I never sold it.”
Cuban is also very keen on ethereum, simply due to the smart contracts that run on it. In cryptocurrency, smart contracts are collections of code that carry out a set of instructions and run on the blockchain. He sees ethereum as adaptable over time because developers can iterate and improve its capabilities.
Ethereum finally hit 2k
Ethereum first launched in 2015 and is an open-source platform that uses blockchain technology to create and run decentralized digital applications or “dapps”. As a result, that enables users to make agreements and conduct transactions directly with each other to buy, sell, and trade goods and services without a middle man. Ethereum traded as high as 2,074.46 today! Investors are saying that there will surpass bitcoin. The cryptocurrency traded as high as $2,074.46 around 15:00 UTC. Although, the price has rallied 18% this week in the wake of Visa’s decision to facilitate crypto-based settlements on the Ethereum blockchain network. Ether, the native cryptocurrency for Ethereum, has nearly tripled in price this year.
In an announcement on Monday, the payments giant said it is working on a program to settle transactions in stablecoin USD Coin over Ethereum with its partner Crypto.com. Billionaire investor Mark Cuban, who hosts the CNBC show “Shark Tank” and owns the Dallas Mavericks professional basketball team, said on a recent podcast episode that he’s bullish on cryptocurrencies including bitcoin, but that Ethereum is “the closest we have to a true currency”. Ether’s daily chart shows a symmetrical triangle breakout.
Bitcoin’s all-time high of 60k and its way to 70k
Bitcoin has finally hit 60k today and everyone is bullish about its future. On March 13, bitcoin went as high as $59,295 but sadly it went back down to 55k. Now that bitcoin hit 60k people have no doubt that it’s going to go to 70k especially since it’s April. They call April “April bulls day” because over the years research has shown that bitcoin surged in April.
Bitcoin prices have more than doubled so far this yearBitcoin circulation are worth $1 trillion. However, Bitcoin prices have more than doubled so far this year, up 107% from the December 31 closing price of $28,987.60. Investors are excited that Elon Musk’s Tesla said in February it owns $1.5 billion worth of bitcoin on its balance sheet. Tesla also has said it was looking at letting consumers use bitcoin to buy its cars and SUVs.
Businesses that accept bitcoin
1. Tesla
Tesla, Inc. is an American electric vehicle and clean energy company. Therefore, Elon musk has made it where you have an option to buy tesla cars with bitcoin at tesla.com.
2. Shoptify
Shopify is a Canadian multinational e-commerce company. Shopify now a Concepts bitcoin to pay for its monthly payment
3. Flight Centre
Flight Centre Travel Group is an Australian travel agency. It uses Bitpay to accept bitcoin for transactions
4. Twitch
Twitch, Amazon’s live streaming platform, accepts bitcoin and selects other coins as payment. Furthermore, cryptocurrencies can be used to pay for subscriptions to different streamers.
5. Microsoft
Microsoft is one of the world’s largest software companies that accepts payments in bitcoin. Moreover, You can use bitcoin to top up its user accounts.
6. Namecheap
Namecheap allows users to buy domains with bitcoin and a few other cryptocurrencies
7. Lush
Lush is a beauty retailer store and accepts cryptocurrencies as a form of payment on its website.
8. Overstock
Overstock.com, Inc. is an American internet retailer selling primarily furniture. Overstock goes as far to accept multiple kinds of cryptocurrency
Conclusion
Will bitcoin and ethereum go up or will they go down. Today we’ve seen pretty good all-time highs and were looking forward to seeing more in the future. Make Sure to stay updated on all of our articles. However, Don’t forget to subscribe to crypto empire tv it gives you up-to-date news on crypto and finance.
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