So, how high is Bitcoin virtually to go? Analyst Willy Woo thinks it's going to hit $135,000. Information technology's a "common-sense prediction" he told RT'due south Keiser Report. Tim Draper is betting fifty-fifty higher. The venture capitalist has moved his coin out of the stock market (likewise "frothy") and put it into Bitcoin and other cryptocurrencies (a "prophylactic haven.") He expects BTC to accomplish $250,000 in 2022 or the get-go of 2023. It's no wonder that and so many Bitcoin whales proceed to hodl. According to one study, only 41.six percent of BTC supply moved over the terminal twelve months. Some 42 per centum of Bitcoin hasn't moved in two years.

India isn't put off. The land has now lifted its ban on cryptocurrency trading, while Germany has fabricated a decision: cryptocurrencies are "digital representations of value."

But what exactly is Bitcoin? Is it a currency? A security? A article? Is information technology a bird or a plane? It's an sometime question merely it still matters. The definition of BTC may well affect how its regulated and taxed. A witness at a congressional meeting recently noted that revenue enhancement grooming for digital avails is already a nightmare. Nosotros feel your pain.

At least defining his currency is one problem that Mark Zuckerberg might non have to wrestle with whatsoever more. His Libra project is looking for a new management after the withdrawal of a number of partners and resistance from regulators. Libra is now considering creating digital versions of fiat currencies, then more tethered coins. But it'due south notwithstanding considering its ain Libra coin. At least for now.

Ane coin we could all do without is the new CoronaCoin. Created by developers on 4Chan, it starts with seven.half dozen billion tokens that burn down off as the coronavirus spreads. The theory is that the more people are infected, the smaller the supply becomes and the higher the price rises. That'southward just creepy, and digital coins might fifty-fifty help reduce the spread of the virus. The World Wellness Organization has suggested that muddied banknotes could help to spread the disease.

In better news, Kaspersky has adult a new kind of blockchain-based voting auto. Permit'south hope they practise better than Voatz. Due west Virginia abandoned the visitor's blockchain-based voting platform during the primaries in favor of paper ballots. The high-tech option, the state said, had vulnerabilities.

Besides showing vulnerabilities is Steem. The Steem community is at present in a pitched battle with Justin Sun, who recently bought Steemit, raising concerns that the TRON founder would have too much power over the community. Steem's users take responded with a soft fork. It's all getting very steamy over there.

KPMG is too worried almost vulnerabilities. The accounting firm says that $9.eight billion worth of digital avails have been stolen since 2022. With institutional investors interested in finding a place for cryptocurrencies in portfolios, the market needs better security if it'south to grow. HTC might take a solution. The company's new 5G blockchain router tin can run a full Bitcoin node but it also includes social recovery for individual keys. Users tin can pause their recovery phrase into parts, encrypt them and share them with friends if the central is lost or stolen.

Check the audio version here:

Joel Comm is an internet pioneer, New York Times acknowledged author, futurist speaker and co-host of The Bad Crypto Podcast. That's a fancy manner of saying he writes words, says things and loves to play with cryptos.

The views, thoughts and opinions expressed hither are the author's alone and exercise non necessarily reflect or correspond the views and opinions of Cointelegraph.