Blockchain Consult retweeted
Bitcoin to $1 million? 👁️
@Bitwise CIO @Matt_Hougan reiterates that price target and explains how bitcoin could get there 👇
Bitcoin is "increasingly competing" with gold as a store-of-value asset.
The store-of-value market today is under $38 trillion ($36 trillion gold + $1.4 trillion bitcoin).
Bitcoin currently holds just about 4% of that market.
The gold market grew from $2.5 trillion in 2004 to nearly $40 trillion today.
That equals a compound annual growth rate of 13% per year.
If the market grows at a similar pace, it could reach ~$121 trillion in 10 years.
In that case, bitcoin would need about 17% of the market to reach $1 million per coin.
That expected increase from 4% to 17% "feels well within reach," Hougan said.
Blockchain Consult retweeted
🚨 BREAKING: ELON WANTS BLOCKCHAIN TO TRACK US GOVERNMENT SPENDING
Elon is reportedly exploring blockchain tech to revolutionize federal operations under the Department of Government Efficiency (@DOGE ).
Ideas on the table include using blockchain to track government spending, secure sensitive data, process payments, and even manage federal property.
@elonmusk and supporters see this as a way to boost transparency and slash waste, but critics warn it could face major implementation challenges.
Could this be the future of government accountability?
Source: Bloomberg
The future benefits of tokenisation just mentioned in @UKParliament #blockchain #ukparliament #economics
Blockchain Consult retweeted
These countries absorb more carbon than they emit.
We have the solutions. Implement them. #ActOnClimate
#ClimateCrisis #climate #energy #renewables #rewilding #nature
Blockchain Consult retweeted
China’s policy for reaching key carbon reduction targets, peak carbon emissions by 2030 and carbon neutrality by 2060, was recently released:
mp.weixin.qq.com/s?__biz=Mzk…
Shanghai Tanlian is ready to achieve a digital low-carbon transformation through #blockchain technology. #VeChain
Spurious prediction: cinema will evolve and become absorbed by an ever all encompassing ‘metaverse’. Earthly reality will be for the wealthy and they will profit from the ever increasing investment of time and money people will invest in their digital reality.
Will gamified, financialised, augmented digital realities supersede a physical world locked down by pandemics and climate crisis? A haunting prospect.
The internet is a possession, however, it is less possessed by us than we are by it. #metaverse
A potentially fitting visual representation as to what the markets are about to experience
A great example of the problems with central planning/full blown industrial policy: 15 skyscrapers in China that were part of the Liyang Star City Phase II Project were just demolished after sitting unfinished for eight years due to no market demand. nitter.cf/evolusibina/status/143…
If ever there was a sign that the times we live in have gone slightly askew, I think this is it.
EtherRock #10 purchased for Ξ79 Ether
($257,107.87)
11 mins ago (Aug-14-2021 05:40:41 PM +UTC)
Txn: etherscan.io/tx/0x2cab93044e…
#EtherRock #EtherRocks
