A Bitcoin could buy a Lambo this year and a Bugatti next year. VISA will start using stablecoins and mining bitcoin with an old Game Boy. Those stories and more this week in crypto.
Jesse Powell, the CEO of the U.S. cryptocurrency exchange, Kraken, offered a vehicle-related price prediction for Bitcoin. The Kraken CEO said 1 BTC is currently the same as the price of a Tesla Model 3. However, he expects a BTC to be able to buy a Lamborghini this year and a Bugatti next year. For reference, the cheapest Lamborghini costs $ 180,000 while a Bugatti is priced at nearly $ 3 million.
Visa announced that payment processing will soon be done using USDC Coin, an Ethereum-based stablecoin pegged to the US dollar. The news was well received by industry analysts and has led to sharp spikes in Bitcoin and Ethereum prices.
Following the March to April delay in listing, the leading U.S. cryptocurrency exchange Coinbase has announced an exact date for its Class A common stock to list on the Nasdaq. The IPO will start on April 14th and Coinbase will be listed under the ticker symbol COIN.
Financial giant Goldman Sachs is hoping to offer crypto investment opportunities to its wealthiest clients by the second quarter of this year. The company says its customers have shown a growing interest in digital assets. As such, the bank is preparing to offer a “full spectrum” of digital asset investments, including the tokens themselves, as well as derivatives and traditional investment vehicles.
In its ongoing efforts to create the ultimate crypto payments platform, PayPal now allows people to purchase goods using Bitcoin. In addition to Bitcoin, the company’s 29 million users will also be able to pay for items with Bitcoin Cash, Ethereum and Litecoin in the coming months.
Institutional crypto trading platform Bakkt has unveiled a new wallet that brings together all of a user’s digital assets in one account and gives them easy and quick access. However, the wallet is not just limited to cryptocurrencies: customers can also use the product to store award points, gift cards and even frequent flyer miles.
Popular restaurant chain Chipotle announced a $ 100,000 Bitcoin giveaway in honor of National Burrito Day. Participants had the opportunity to guess a six-digit code through their website. The three people with the most accurate guesses would each win $ 25,000 in Bitcoin, while another 50 would take home $ 500 in BTC.
A YouTuber turned an old Game Boy console into a Bitcoin miner. Since the product was developed in the late 1980s, the Game Boy will need some technical support to run a Bitcoin node, but can eventually mine digital assets.
This is exactly what happened in Crypto this week. Until next week.
