To the moon!! Bitcoin is on a tear again this week as Japanese buying seems to be the biggest driving factor. The Father of all cryptocurrencies has reached the $1850 mark and at the time of this writing is sitting right around $1828.50. Well known investors are moving into the space as well, with some predicting a price of $500,000 per 1BTC by the year 2030. Some are even going all in as one man decided to take out a loan of $325,000 and purchase 191 bitcoins. Of course when posted to Reddit he was met with harsh criticism. If this story is real, it’s very foolish and risky. But I must wish the man good luck, as we all should be hoping it works out for him.
Another Asian country, South Korea also seems to be taking to cryptocurrencies in a big way. Korea’s largest exchange Bithumb has now added support for Litecoin. This has no doubt contributed to Litecoin’s continued surge in price over the last couple of weeks going from around $14 to $30.88 as of this writing. This coupled with this weeks news of Litecoin activating SegWit has kept the currency surging. Whats more, South Korea has also taken 1st place above US and China with regard to Ethereum trading.
Lastly, two interesting projects to mention. Bitbond is a peer-to-peer (P2P) lending website where people can lend or borrow bitcoin. The cool thing about Bitbond is that it uses bitcoin, so it has global reach. This allows people that might not have this opportunity anywhere else, gain access to capital they need to start a business. Here is a great tutorial if you want to give Bitbond a try. Next up, blockchain voting goes mainstream. Votem is a blockchain based mobile voting application. Whether you are into voting or not, wouldn’t it a least be nice to take the chance of voter fraud out for those that do? Votem was deployed at the 2017 Rock and Roll Hall of Fame to ensure no voter fraud.