$260,000 per Bitcoin| Stephen Colbert Introduces BTC to Millions | Ethereum 2.0 Specs | Crypto News

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Bitcoin was on the Friday night episode of The Late Show with Stephen Colbert, where he brought up the leading cryptocurrency, thrusting Bitcoin into the brain of millions in a different way. Bitcoin equivalent of the $4.7 trillion US debt that was signed into federal law by President Trump would put the price of a single BTC at $260,000. Despite stagnation in the price, Bitcoin’s network metrics are strong and its mining hash rate has seen an exponential increase in the last couple of months and touched a new all-time high of 117 exahash per second [EH/s] on Jan 5th 2020. Danny Ryan, the ethereum 2.0 coordinator, has announced the final release of the ethereum 2.0 spec version 0.1. 


References:
https://www.newsbtc.com/2020/01/12/la...
https://bitcoinist.com/bitcoin-btc-ma...
https://eng.ambcrypto.com/bitcoin-net...
https://www.trustnodes.com/2020/01/11... 


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COMMENT

21

aloha dreamer
12 Jan

I gotta say that every time I hear about the U.S. trillions of dollars deficit, my mind spins until it just goes blank.

IMHO, the US dollar is almost worthless which is why I'm focused upon becoming more educated about crypto & an investment that will be our back door.

30

RFND Investment
12 Jan

My opinion on this topic, they still have to hold this system until the 2020 election. Then, I really cannot figure it out how the world will look like.

2

kubo ajark
12 Jan

in a tragic situation of worldwide debt..this is acually good for btc

20

preview not available Saqib Ajmal
12 Jan

that's great for Bitcoin..i can hope it increase 

28

JR of Exciting World Cryptos
12 Jan

Well at least this time he was positive, he was negative on BTC before. But i usually respect him for other things you he says on his show. Again maybe just a producer at times. 

4

Justin Dyczewski
13 Jan

So if $4.7 trillion in debt were converted to BTC it would make BTC $260,000 each.  So if you translate the $23 trillion of debt the United States currently has to BTC that would make BTC over $1 million per BTC.  It's only a matter of time before debt destroys fiat to the point people will have to switch to crypto.

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