Bitcoin Overtakes Stock Searches!!! – Crypto Daily News
Hi guys, it’s nice to see you here with me again. For today’s news segment, I have found four very cool pieces of news to discuss with you. Let me give you a glance at what they are. It is so amazing to know that stocks are now overtaken by Bitcoin in terms of Google searches. Next, Kraken, a Bitcoin trading platform based in America, has just released a new feature allowing its users to transfer money in U.S. dollars, euros, Canadian dollars, British pounds, and Japanese yen from any country in the world.
Furthermore, it is reported that an official open standard for IOTA will be released by the end of 2020. And the last news item, Raoul Pal, a former head at Goldman Sachs UK office, believes that Bitcoin is worth investing in the long term, even if it’s a 1% chance of a return. If you find these pieces of news interesting and want to know all about them, please make sure you stay with me until the very end.
And this week, we still have a super cool giveaway for all of you. We are very happy to announce a $70 Bitcoin Giveaway for this week. All you need to do is to like, comment, and subscribe, to go in the draw to win. We will announce the winner tomorrow, by drawing out a video from this week and then drawing the winner from that video. And remember guys, this is the last chance to win this week giveaway. It’s super easy to be the next lucky winner.
The Market Today
Now, let’s see how the crypto market is performing. Today we have a market mixed by greens and reds. On the top 10 tokens, Bitcoin and Ethereum are increasing by 3.48% and 0.28% respectively. Meanwhile, at the third and the fourth positions, XRP and Litecoin are following the opposite trend, dropping 0.9% and 0.28%. Moving on to our top 20, the coins are also in reds and greens. It is so amazing to see Tezos, continue surging at 8.8% guys. On the other hand, Cardano and Cosmos are dropping more than 2% over the past 24 hours.
Bitcoin overtook Stocks on Google searches
Now, let’s jump to our first news segment. Per a report on Trustnodes, the number of people searching for Bitcoin has actually exceeded that of stocks as seen on Google Trends. Specifically, the data all over the world shows that 24 out of 100 searches are looking for Bitcoin while only 14 of them are finding something out about stocks. As you can see from the chart, the last time Bitcoin overtook stocks was October 2017. So why is this happening? Stocks are a pretty familiar term, at least with the working-age people. People who would look into stocks are either newcomers or students looking to enter the space. Bitcoin, on the other hand, while it emerged many years ago, is still a pretty new concept for the larger majority. It’s great to see that the larger majority are looking more into Bitcoin and keen to understand more about the token.
Kraken released worldwide transaction feature
Moving on to the second news item for today. According to Coindesk, Kraken, a Bitcoin trading platform located in the United States, has just released a new feature enabling its users to transfer money in U.S. dollars, euros, Canadian dollars, British pounds, and Japanese yen from any place in the world. This new function is immediately released to Kraken’s Intermediate and Pro clients in nearly 180 countries. However, the users are required to register an Etana Custody Wallet before they can transact money. In addition to this, the personal bank account of the user will be connected with this wallet, which will be topped off through wires that can take up to 1-5 days to finish the transaction. According to a blogpost from Kraken, it looks like the feature is totally free and expedient for users. The company also added that:
“Etana provides currency conversion for many fiat currencies. Clients can wire almost any currency to their Etana wallet, then convert to one of the five major currencies to fund their Kraken account.”
One thing you should know is that Etana supports domestic or international transactions of all currencies mentioned-above, but not the domestic transfer of Japanese Yen.
An official open standard for IOTA by the end of 2020
And here we come to the third piece of news for today. On July 31, The Chairman and CEO of the Object Management Group (OMG), Richard Soley revealed that IOTA would have an official open standard for itself, which is known as the innovative cryptocurrency project, by the end of 2020. The Object Management Group is an international, open membership, not-for-profit technology standards consortium which concentrates on enterprise integration standards for technologies like USBs. The CEO of OMG, Richard Soley, confirmed that soon after the OMG standardizes IOTA’s innovative technology, it will be succeeded by official standardization by the ISO. The CEO also believes that once new technologies are standardized on a large scale and become open-source, people are very likely to adopt and try the new invention. With the vision of standardizing IOTA, its currency MIOTA will become more valuable than ever. For those who are unaware, instead of basing IOTA on blockchain technology as most of the other cryptocurrencies have done, IOTA chose another way to develop their technology. To solve the problem of scalability, IOTA has introduced the Tangle, a distributed ledger technology.
Raoul Pal will invest in Bitcoin even if it’s a 1% chance
Moving on to the last news item for today guys. Raoul Pal, a former head of equities and equities derivatives at Goldman Sachs UK office, believes that even when Bitcoin has a 1% chance of winning, it’s still worth investing. In his words:
“I know all these macro guys, they’re all in it. They get it. They get the optionality. They may be complete believers, part believers, partial believers. But even then, if it’s a 1% chance of being right and the upside is 100x from here, you’d do this all day.”
The former head also mentioned the tweet of a famous crypto analyst Plan B. Notably, in the tweet, Plan B projected that Bitcoin price would surge to $100,000 after next year’s halving, and after 2024, Bitcoin can reach an astonishing $1 million.
So what are your thoughts regarding all the news?
Do you think that Bitcoin will be able to maintain its position overstocks in the long term?
Are you excited to try the new feature on Kraken?
Will the standardization of IOTA make its value surge?
Do you believe in the prediction of PlanB?
Please leave a comment right below to let me know what you guys are thinking. And guys, please don’t forget to like and subscribe to go into the draw to win $70 worth of Bitcoin. It’s your girl Cindy with CryptoPig. I’ll see you guys next week.
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.