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Tim Draper: "cryptocurrency will force out ordinary money in five years"

Tim-Draper-cryptocurrency-will-force-out-ordinary-money-in-five-years Tim Draper | Venture investor and well-known cryptocurrency enthusiast

Venture investor and well-known cryptocurrency enthusiast Tim Draper said that you should not succumb to despondency, because cryptocurrency has a great future - in five years digital assets can force out fiat currencies.

Draper has always been much more optimistic about the future of Bitcoin than other industry players and cryptocurrency enthusiasts. He believes not only in Bitcoin, but also in the potential of the entire cryptocurrency industry.

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Brian Kelly: “Bitcoin is undervalued by 50%”

Brian-Kelly-Bitcoin-is-undervalued-by-50 Brian Kelly | Head of BK Capital Management

The head of BK Capital Management and the popular cryptocurrency expert Brian Kelly expressed the opinion that Bitcoin is undervalued by 50%.

According to Kelly, the year 2019 will become more successful for cryptocurrency than 2018. However, before the courses go up, the price of the first cryptocurrency may drop to the level of $ 1.5 thousand. He noted that the market has repeatedly dropped to similar values.

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Mike Novogratz: “institutional clients are preparing to enter the cryptocurrency market”

Mike-Novogratz-institutional-clients--to-enter-the-cryptocurrency-market Mike Novogratz | Former hedge fund manager

Mike Novogratz, a well-known cryptocurrency enthusiast and founder of the Galaxy Digital investment bank, believes that large institutional investors will start investing in the cryptocurrency industry next year.

"All the architecture that institutions need to feel comfortable with this is being put in place. You're going to start to see custody come online" through the middle of March, paving the way for the "smart money" to enter in a serious fashion," he said.

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Founder of Blocktower Capital: the expression “blockchain is not Bitcoin” does not make sense

Founder-of-Blocktower-Capital Ari Paul | Founder of Blocktower Capital

CFO and co-founder of Blocktower Capital investment company Ari Paul said that although people say that blockchain is not Bitcoin, he believes that the real turning point will come when people realize that Bitcoin is more than blockchain, and it can create a new wave of using cryptocurrencies in real life.

"Bitcoin blockchain is first generation technology with limited throughput and features.

BTC can be used on other protocols and networks. The Lightning Network is a layer 2 protocol that allows for numerous fast and cheap BTC transfers that settle to and are secured by the Bitcoin network. People may also use sidechains, drivechains, and other L2 or L3 solutions.

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Launch of the Telegram Open Network is possible in March

Launch-of-the-Telegram-Open-Network-is-possible-in-March Pavel Durov | Head of Telegram

Yesterday, the network did not receive officially confirmed information that was allegedly provided by one of the investors in the Telegram Open Network project (TON). Sources claim that the submitted document contains actual data on the readiness of the project.

At the very beginning of the document, the approximate start-up period for the finished network TON is indicated - March of the current year. Previously it was assumed that the launch will take place at the end of January, however, expectations did not materialize due to the fact that "the company took more time to create additional algorithms."

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Changpeng Zhao: “sooner or later, Amazon will release its own cryptocurrency”

Changpeng-Zhao-Amazon-will-release-its-own-cryptocurrenc_20190204-085445_1 Changpeng Zhao | Head of Binance

The head of one of the largest cryptocurrency exchanges, Binance, Changpeng Zhao, expressed confidence that the largest online retailer Amazon eventually release its own cryptocurrency, which will be used to buy and sell goods.

In his tweet, Zhao noted that companies doing business on the Internet need to integrate cryptocurrency as a means of payment for their clients. He stressed that using cryptocurrency for payments is simpler and cheaper than traditional fiat money.

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Head of Pantera Capital: The fundamental factors of cryptocurrency have increased markedly

Head-of-Pantera-Capital-The-fundamental-factors-of-cryptocurrency-increased Dan Morehead | Head of Pantera Capital

Dan Morehead, the founder and head of Pantera Capital, an American investment company, stressed that he no longer worries about the future of the blockchain technology, as he did during the fall of the market in 2014 and 2015.

"I think the underlying fundamentals are much much stronger than they were in the 2014-15 crypto winter," Morehead expressed his opinion in an interview with former Forbes editor Laura Shin.

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Luc Nosek: “the initial mission of PayPal was to create a global currency …”

Luc-Nosek-the-initial-mission-of-PayPal-was-to-create-a-global-currency Luc Nosek | PayPal co-founder

PayPal co-founder Luke Nosek during his speech at the World Economic Forum in Davos said that the project team initially planned to create a digital currency that would have technological advantages similar to cryptocurrencies, namely independence from banks and the government.

Answering a question about whether PayPal and WeChat Pay solved a problem related to online transactions, or perhaps cryptocurrency can deal with it, Nosek said:

"Many people don't know this, but the initial mission of PayPal was to create a global currency that was independent of interference by these, you know, corrupt cartels of banks and governments that were debasing their currencies. "

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BitTorrent ICO Crowdsale on Binance passed in 18 minutes

BitTorrent-ICO-Crowdsale-on-Binance-passed-in-18-minutes Changpeng Zhao | Binance CEO

Yesterday, a BitTorrent Crowdsale (BTT) took place on the Binance Launchpad platform, which caused an unprecedented stir and ended in just 18 minutes. It was also the first large-scale ICO on the TRON platform.

The campaign was carried out in two stages: the first one lasted 13 minutes and 25 seconds, during which time 23.76 billion BTT were sold at a price of 0.00001824 BNB per unit; in the second stage, 35.64 billion BTT were sold at a price of 0.00447261 in 14 minutes 41 seconds. In just two of these sessions, 962 cryptoinvestors (340 in the BNB session and 622 in the TRON session) invested more than $ 7 million in the project.

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