Bitcoin Solves This: Billionaires Own More Than 4.6 Billion People Combined

A recent Oxfam report revealed that the world’s 2,153 wealthiest billionaires have more wealth than 4.6 billion people combined, but many believe that Bitcoin may help with that in the future. Closing the Global Wealth Gap According to a recent study conducted by the international charity, Oxfam, there is a major wealth inequality present in the world today. The report published Monday confirmed that around 2,153 of the world’s wealthiest billionaires own more wealth between them than 4.6 billion other individuals. Due to such inequality, Oxfam requested that the government…

How Bitcoin Returns are Dwarfing Investor Expectations

A recent survey on crypto twitter has revealed that a lower annual rate of return would be expected for almost 40% of those questioned. In reality, bitcoin investments have made a whole lot more. Bitcoin Investors Expect Less Than 30% Returns A recent survey conducted by industry observer Nic Carter has revealed some interesting findings on expectations on returns on bitcoin investments. Over 1,700 people were polled and almost 40% of them said that 10-30% annually would be required in order to accept the exposure and volatility of investing in…

Bitcoin Price Could Crash to $5K Before Halving Bull Run, Analyst

Bitcoin (BTC) is playing a game of averages, once again drawing attention to significant support levels. What is expected is a breakout move, though the direction remains uncertain. Bitcoin Stands at Another Threshold for Significant Price Move Bitcoin prices have gone through threshold moments like these in the past months. The price fluctuated in the thin range between bullish and bearish, with rogue moves along the way. Now, the $10,000 trek is in question, with thinner possibilities. Jacob Canfield, Bitcoin analyst, sees another decision time for the leading coin. He…

Bitcoin’s Mass Adoption is a Dream Until These 4 Things Happen

The road to mass adoption for any new technology is a slow one. This will also be the case for bitcoin but these four factors could accelerate the process. The past couple of years have certainly seen the greatest pace of bitcoin and crypto adoption. That epic rally at the end of 2017 when digital assets were all over mainstream media certainly helped. However, there are a few more things that may need to occur before BTC can truly be adopted by the masses. Bitcoin Transaction Confirmation Times A recent…

Bitcoin Worth Nearly $450 Million Moves For 25 Cents

Bitcoin showed just how inexpensive it can be as a tool for transferring value this morning. A 51,511 BTC transaction, worth almost $450 million, was sent for a fee of under 25 cents. Half a Ten Millionth of a Percent The transaction was included in block 613644, and a total amount of 51,511.81741968 was moved. At the time the block was mined, the bitcoin price was $8680.51, meaning $447.15 million of value was transferred. The fees for the transaction were pegged at 0.0000268 BTC, or just 23.26 cents. This gives…

Bitcoin Fund Now Allows 300k Australians to Invest in BTC

Australia’s financial regulator has given its approval nod to fintech startup Raiz to offer its Bitcoin investment retail fund. The news marks a watershed moment for the Australian crypto space with regulators previously keen on strict oversight of the industry. ASIC Okays Raiz Retail Bitcoin Investment Product According to the Australian Financial Review, the Australian Securities and Investment Commission (ASIC) has granted approval for Raiz to offer its Bitcoin investment retail fund. With the ASIC approval secured, Raiz can now go ahead with its planned launch of the product before…