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Bitcoin, XRP Receive Massive Exposure in 2019

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  • Yuri Molchan
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    Bitcoin has not only seen a significant rise this year but also got into the global spotlight along with other crypto thanks to bankers and politicians

Crypto gets a massive exposure in 2019 – BTC, XRP, Libra
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If 2018 was the year of the crypto winter, in 2019 Bitcoin and altcoins, such as XRP, have come into spotlight. 

Trump mentions Bitcoin and Libra

The major portion of world's attention has been given to Bitcoin by the current US president Donald Trump who has recently cursed BTC on his Twitter account. He mentioned BTC several times on Twitter, criticizing it but still giving it massive attention.

Trump also tweeted about Libra that has faced enormous resistance from the US Congress and bankers not only in the US but globally. This has made the awareness of Bitcoin and crypto in general much bigger on a global scale.

Presidential candidates talk Bitcoin

A US presidential candidate Andrew Yang, who intends to introduce Universal Basic Income (UBI) in the future, should he win, has several times mentioned Bitcoin publicly. He expressed an idea that in years to come UBI could be paid in BTC, making it not Universal Basic Income but Universal Bitcoin Income.

Another presidential candidate, the controversial eccentric John McAfee, who has been on the run since around May – avoiding meet-ups with the IRS and CIA – confessed that he does not actually want to become President. All he wants is to raise crypto awareness and get Bitcoin exposed to masses of people.

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XRP now used by MoneyGram

This year, the crypto giant Ripple bought a large stake at the global remittance service MoneyGram. Now, MoneyGram uses XRP to wire funds to Mexico via the Bitso exchange. The company is planning to add more corridors for XRP utility and instant and cheap payments that the Ripple technology provides. 

Besides, the Ripple CEO Brad Garlinghouse gave an interview to CNN which was crucial not only for XRP investors but for the crypto community overall.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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  • Vladislav Sopov
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    Vitalik Buterin, Co-Founder of the Ethereum Foundation and “father” of Ethereum, sat down with Eric Weinstein on The Portal podcast to discuss “old” and “new” economics.

Vitalik Buterin, Ethereum: Fiat Money Will Not Be Destroyed
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Contents

Two intellectuals, Vitalik Buterin (Creator of Ethereum), and Eric Weinstein (PhD, scientist, and Managing Director at Thiel Capital), recently sat down on The Portal to discuss Mr. Buterin's attitude towards the "classic" economics theory.

Libertarianism and Diversity

When both individuals discussed libertarianism, Vitalik Buterin said that libertarians mostly belong to two large groups characterized as either a "leave me alone'" or "conquer the world" approach. This divergence can be extrapolated into cryptocurrencies in terms of their mass adoption.

Mr. Buterin highlighted that there are participants within the crypto community that are assured that fiat currencies will be destroyed and replaced by Bitcoin (BTC). In general, Mr. Buterin estimated that the prospects of any "short-term disruption" for the sake of some "nebulous long-term gain" is skeptical. He said:

I'm definitely not in the camp that actively relishes that fiat currencies will be destroyed. 

Mr. Buterin added that several members within the Bitcoin community share this belief.

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Peaceful Coexistence

Vitalik Buterin predicts that Bitcoin and other cryptocurrencies will coexist with fiat money and balance the disadvantages of the classic monetary system. He also added that cryptocurrencies will provide "checks and balances" against a government monopoly on "issuing money" rather than "replacing it entirely".

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Mr. Buterin is well-known as a champion of pluralism in future world of cryptocurrency. He is sure that different communities will defend their views on its development.

Will crypto one day replace fiat money? Tell us your opinion on Twitter.

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About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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