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A mysterious investor raised the price of bitcoin to $ 5,000, the Austrian Ministry of Finance opposes the blockchain regulation. According to the DataLight survey, the blockchain will force out payment systems.
The reason for the growth of Bitcoin to $ 5000 was the purchase of just one investor. Three large sites, Coinbase, Kraken and Bitstamp, have received bids for the total amount of 20,000 BTC. This is what provoked a general rise in rate.
If we consider that the amount of investments of this trader was about $ 100 million, it becomes clear the scale of the operation. It seems that someone has accumulated liquidity at lower levels, and now increases the price of the asset. Moreover, experts note that the number of previously accumulated coins may significantly exceed the new receipt. They do not exclude the possibility that large players will try to push the market even higher.
The Austrian Minister of Economics is sure that the blockchain will be able to do without regulation. At the ANON Blockchain summit, Margarita Shrambek said that only in this way can the country achieve success in innovative development. However, she urged not to confuse blockchain as a technology and cryptocurrency as a payment system.
Austrian authorities are actively supporting the development of digital technology and cryptocurrency. A state center for their development is being created here. And in Vienna they plan to launch the Vienna token. This coin can be obtained for the manifestation of social activity, and it will allow you to pay for the provision of certain services.
According to a DataLight study, Bitcoin will overtake Visa and MasterCard payment systems in the next decade and reach a leading position. Although the capacity of the blockchain is lower than the existing networks, it has great potential.
The blockchain technology allows you to use more than 10,000 bandwidth nodes right now. This figure is an order of magnitude higher than that of Visa, MasterCard and PayPal. They have 119, 98 and 51 nodes, respectively. But more striking is another fact. The average transaction size on these networks is $ 90, $ 80 and $ 58. And in the Bitcoin blockchain, the average transfer size is $ 41,615.