Blockchain Yield

Cameron Winklevoss is one of the most well-known names in the cryptocurrency space as one of the founders of the Gemini cryptocurrency exchange and custody service. Cameron attended Harvard where he and his brother Tyler conceived of the social network idea ConnectU. Winklevoss would later claim that this idea was stolen by Facebook founder Mark Zuckerberg and enter a lawsuit against the social media giant...
On a side note Bitcoin will mature into a gold-like store of value this year, according to the latest projections by Bloomberg. The financial magazine’s report, “Bitcoin Maturation Leap,” notes that the cryptocurrency is poised for a bull run, after being temporarily dragged by the coronavirus-induced stock market tailspin...
With its correlation to gold jumping to all-time highs, BTC is poised to transition from a risk-on speculative asset to the crypto market’s version of the metal...
“This year marks a key test for bitcoin’s transition toward a quasi-currency like gold, and we expect it to pass,” the report says. The damage to world economies caused by Covid-19 is prompting governments to dole billions of dollars in stimulus. Bloomberg expects bitcoin to gain amid the circumstances, helped on by mainstream adoption...
Per the report, despite BTC’s annualized volatility that’s averaged about 5x that of the S&P 500 in the past year, the crypto is down 5% in 2020 against 22% for the stock index as at April 2. Bloomberg said:..
For more-established assets, this would be considered a sign of divergent strength. For the nascent crypto, it’s also an indication of a transition toward gold-like adoption, maturity and performance...
As digital gold, BTC appeals to the cashless internet economy largely on account of its characteristics that include round-the-clock price transparency, and the lack of limits, interruptions or third-party oversight, notes Bloomberg...
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Bitcoin is the first digital currency ever...
Launched in 2009, Bitcoin is the world's largest cryptocurrency by market cap...
Unlike fiat currency, Bitcoin is created, distributed, traded, and stored with the use of a decentralized ledger system known as a blockchain...
Bitcoin's history as a store of value has been turbulent; the cryptocurrency skyrocketed up to roughly $20,000 per coin in 2017, but as of two years later, is currency trading for less than half of that...
As the earliest cryptocurrency to meet widespread popularity and success, Bitcoin has inspired a host of other...
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