Bitcoin’s [BTC] trillion dollar evaluation would propel other cryptos to achieve Store of Value [SoV] status, claims Pascal Thellmann

2019-4-23 00:30

The cryptocurrency market underwent a minor bull run recently which collectively improved some of the major coins’ valuation. Bitcoin [BTC] was one of them, and the cryptosphere has been very optimistic about the coin’s future in the industry. In fact, one of the analysts even went on to say that Bitcoin could breach the market cap of one trillion dollars in the next major bull run.

Pascal Thellmann, the CMO of BountyOx and cryptocurrency speculator, believes that if Bitcoin [BTC] reached a multi-trillion dollar evaluation for a store of value [SoV], it would automatically lead to an improved valuation of at least two or three other cryptocurrencies, propelling them to the SoV status.

Pascal based his predictions on an event where investors would start hedging their risk with other altcoins.

A hedge is basically an investment which reduces the risk of adverse price movements in an asset. Pascal explained that for a coin to be a formidable hedge against the popular Bitcoin [BTC], it would need to outperform the largest cryptocurrency in at least one characteristic and also have one technological advantage.

He listed out the characteristics that a potential SoV crypto needs to keep in mind, including the cost of network, code quality, decentralization, and monetary policy.

Pascal also mentioned that the SoV candidates need to have at least one different outlook in terms of Consensus algorithm, governance, game theory assumptions or DLT type.

Additionally, Pascal said that a significant Bitcoin hedge was yet to surface, but identified Decred [DCR] crypto as a likely future store of value among virtual currencies. He solidified his argument for Decred by mentioning that it had a better of Cost of attack [20x more expensive to attach DCR than BTC], praising its Consensus protocol, which was a hybrid of the PoW and PoS algorithm.

The post Bitcoin’s [BTC] trillion dollar evaluation would propel other cryptos to achieve Store of Value [SoV] status, claims Pascal Thellmann appeared first on AMBCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 70362.28 (+1.19%)
Объем 24H $45.512b
Изменеия 24h: 3.09 %, 7d: -2.99 %
Cегодня L: $66916.68 - H: $70362.28
Капитализация $1391.633b Rank 1
Цена в час новости $ 5270.23 (1235.09%)

bitcoin btc claims pascal sov one market

Источник: ambcrypto.com

bitcoin btc → Результатов: 126


Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows

Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.

2024-10-6 07:00


Фото:

This Country Quietly Mined Over 13,000 BTC, Overtaking El Salvador’s Bitcoin Reserves

In a surprising development, Bhutan has significantly increased its Bitcoin holdings, surpassing El Salvador and establishing itself as a major player in the cryptocurrency world. According to data shared by crypto analytics firm Arkham Intelligence on Monday, the Himalayan kingdom now holds just over 13,000 BTC, valued at approximately $780 million. In addition to Bitcoin, […]

2024-9-18 22:55


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP market watch - Can network activity help altcoin after 9% drop?

XRP registered a double-digit decline in the last 48 hours Many addresses have become more active recently XRP has been at the end of significant price movements over the last few days, hittThe post XRP market watch - Can network activity help altcoin after 9% drop? appeared first on AMBCrypto.

Picasso’s Granddaughter: Our Family Will Continue Producing NFTs

Marina Picasso – granddaughter of the renowned painter and sculptor Pablo Picasso – said she and her son Florian will continue launching NFT collections depicting the artist’s work. The digital collectibles caused disputes among the family as some members did not agree with the initiative.

Golden Globe-Winner John Legend to Introduce NFT Platform for Musicians

The renowned singer, songwriter, and producer – John Legend – launched a non-fungible token (NFT) platform for musicians and entertainers. His partners in the initiative are Chris Lin – the man in charge of the digital music service KKBOX, Kevin Lin – Co-Founder of Twitch, and Matt Cheng – Founder of Cherubic Ventures.

GameStop to Launch a Blockchain-based NFT Marketplace

The American video game retailer – GameStop Corp. – partnered with Immutable X Pty Limited (a scaling solution for non-fungible tokens) to establish an NFT marketplace. As part of the deal, both parties created a $100 million fund.

Bitcoin Cash hard fork BCHA faces 51% attack

The recently forked BCHA chain is currently under attack by an anonymous miner that is attempting to force whatever is left of the chain into non-existence. The anonymous miner, known as voluntarisThe post Bitcoin Cash hard fork BCHA faces 51% attack appeared first on AMBCrypto.

Data clarifies why 2020 is a defining year for Bitcoin

The entire asset class is tied together. Whenever Bitcoin rises there is a certain inevitability of other altcoins rising along with it. It happened in 2017 and now it is happening in 2020. Over thThe post Data clarifies why 2020 is a defining year for Bitcoin appeared first on AMBCrypto.