According to Bloomberg, Morgan Creek Capital Management Founder and Chief Investment Officer Mark Yusko has made the case for a $400,000 bitcoin price. Yusko made the comments on "Bloomberg Markets: The Open".
According to CNBC, Former Fortress hedge fund manager Michael Novogratz has said that bitcoin's sharp price gains may result in more government regulation on the cryptocurrency.
According to The Washington Post, the U.S. dollar may lose its attractiveness because of the possibility that society finds a more preferable medium of exchange such as bitcoin. This would have grave implications for the U.S. economy.
According to Bloomberg, mystery shrouds Tether's links to Bitfinex, which is the world's largest bitcoin exchange.
Over on Reddit, the efficiency gains that Bulletproofs can bring to the Confidential Transactions proposal were discussed.
Featured image via Pixabay.
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Kyle first used Bitcoin in 2011. By early 2014, researching and writing about Bitcoin had become his full-time occupation. Currently, he contributes regularly to Forbes and CoinJournal. His work has also appeared in Business Insider, VICE Motherboard, Nasdaq, and many other media outlets. Additionally, he provides a daily Bitcoin news recap via a newsletter and YouTube show (audio only version available via SoundCloud), which can be found at kyletorpey.com.