Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime. Bitcoin is priced at $6,598 this morning with ethereum falling to $462 and ripple down at $0.46.
BITCOIN has shed over $300 so far today as the weekend's positivity sours. However, a leading cryptocurrency 'philosopher' has claimed that bitcoin's rise as the world’s dominant money form in underway and prices will hit a staggering $100m by 2030.
Daniel Krawisz Nakamoto Institute co-founder and self-described (on Twitter) "Emperor of Bitcoin" is reported by Yahoo Finance as claiming that bitcoin will be worth $100,000,000 by 2030, with any currency standing in its way being hit by 'demonetisation' or 'Hyperbitcoinisation'.
Hyperbitcoinisation is described as a state in which bitcoin is expected to become the world’s dominant form of money.