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In this crypto update video, I want to share with you some important news regarding the blockchain markets. I was watching CNBC earlier today, and despite their general bias against Bitcoin and cryptocurrencies, they reported two events that could drive prices higher.
The first one is that Square Inc announced that it now accepts Bitcoin transactions in its payment app platform. This will go a long way into mainstream integration and actual usage of cryptocurrencies – not just investing in them as speculative vehicles.
The second news item is that trading app Robin Hood will soon allow for Bitcoin to be bought and sold in its digital exchange. This will compete directly with Coinbase, and is a welcome sign of free market competition. More importantly, over 1 million people have subscribed to the Robin Hood Bitcoin platform in just one week.
That’s an absolutely stunning figure, and it demonstrates that those who are selling cryptos now may be severely disappointed later.
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