Bitcoin [BTC] relative weighting can be measured against Global GDP, claims Bill Barhydt

2019-5-5 18:32

In a recent interview/discussion with Bill Barhydt, the CEO of Abra, Tim and Adam Draper, the Father-Son Venture Capitalists, discussed their experiences with Bitcoin [BTC] and where it was heading for.

In the interview, Adam Draper indicated that the concept of Lightning Network and OpenNode would eventually play key roles in the future adoption of Bitcoin.

Tim Draper, who recently invested in OpenNode, believed that the technology would make the lives of retailers easy by easing the Bitcoins [BTC] adoption. He believed that once it became a common thing, the expansion of Bitcoin [BTC] would be massive.

Time Draper added,

“They’re going to make it very easy for anybody to move money anyway through bitcoin. I think it’s going to really have an impact on bitcoin.“

Bill Barhydt went on to applaud Bitcoin’s [BTC] current valuation and stated that it was possible to measure Bitcoin’s relative weighting versus global GDP. The fact that Bitcoin did not exist 10 years ago gave the aforementioned fact a great bit of significance and indicated that Bitcoin might be on its way up rather than down.

Bill Barhydt also added that Bitcoin should not longer be termed as a commodity. He stated,

“When you think about it, bitcoin is not a commodity. It’s a computer program that actually generates other computer programs. That’s how you move bitcoin, you actually create small bitcoin scripts they’re called. That’s a computer program. Why are we calling that a commodity? That’s insane.“

Interestingly, it was revealed in the interview that Tim Draper and Adam Draper, who are major Bitcoin proponents, actually invested in Bitcoin companies before acquiring Bitcoin. Adam Draper was one of the initial major investors in the Brian Armstrong led-Coinbase and Tim Draper invested in CoinLabs.

The post Bitcoin [BTC] relative weighting can be measured against Global GDP, claims Bill Barhydt appeared first on AMBCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69688.21 (-0.05%)
Объем 24H $31.48b
Изменеия 24h: -0.59 %, 7d: 5.13 %
Cегодня L: $69032.17 - H: $69779.84
Капитализация $1373.001b Rank 1
Цена в час новости $ 5774.2 (1106.89%)

barhydt bitcoin btc bill weighting relative adam

Источник: ambcrypto.com

barhydt bitcoin → Результатов: 26


Abra CEO is the Latest Crypto Expert to Make A Bitcoin Prediction, This Time At $50,000

The CEO of the Abra cryptocurrency services app recently stated that the market could see Bitcoin test $50,000 over the “long-term. ” Abra CEO: “Long-Term I See Bitcoin At Over $50,000” Inverse, an American technology news source, recently reported that the Bill Barhydt, the CEO of Abra, is yet another expert to make a Bitcoin price.

2018-7-13 10:02


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

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.

Why we can't rule out Bitmex from the Bitcoin game just yet

For BitMEX, it hasn't been the best of years from a popularity perspective. First, it faced massive criticism during the March 13th crash, when traders lost money due to an alleged DDOS attack, andThe post Why we can't rule out Bitmex from the Bitcoin game just yet appeared first on AMBCrypto.