Understanding Bitcoin's Surge And Its Use Around The World

Written by :

Guest

Published on :

3 December, 2017

Understanding Bitcoin's Surge And Its Use Around The World

James Altucher, Formula Capital managing director, and Spencer Bogart, Blockchain Capital managing director, break down what drives the bitcoin demand, its use and projected earnings.

Altucher notes that the largest exchange for Bitcoin, Coinbase, is adding 100,000 new customers per day.

"Overall, in the long run, there are 200 billion dollars worth of cryptocurrencies out there but there is 200 trillion dollars of demand for money out there. So if Bitcoin is truly solving the problems of paper and fiat currency, which I believe, you are going to see that 200 billion start to go up to 200 trillion."

Altucher concludes the price will keep going higher.

WATCH BELOW

Bookmaker now accepting most forms on cryptocurrenices

Business & Financial

CRYPTOCURRENCIES

Gambling News

Knoxville Tennessee is Getting a New Nonstop Flight to Las Vegas

Southwest Airlines has announced it will begin flying nonstop flights between Knoxville, Tennessee and Las Vegas, Nevada on Saturdays and Sundays, which will compliment Allegiant Airlines Monday and Friday nonstop flights.

Rare Albino Alligator Sisters to Make This Marksville Louisiana Casino Their New Home

Native American tribes consider albino alligators extraordinary beings that are often associated with spirituality, renewal and the importance of respecting the natural world.

ISPs in France Ordered to Block Polymarket

France’s gambling regulator said on Friday it had instructed internet service providers to block access to the Polymarket betting website, citing concerns that it ‌could expose users to significant gambling losses and that some wagers offered on the platform could be manipulated.

Jemma McColgan's View On Stake's Financial Position in 2026

As one of the site’s top writers and editors, Jemma has over a decade of experience in this fast-paced industry – meaning she’s witnessed the rise of crypto casinos like Stake from the very beginning.