Vitalik Buterin introduced Ethereum 2.0 and Bitcoin's price is about to explode

Bitcoin's price is about to explode • Vitalik Buterin introduced Ethereum 2.0 • Why is Bitcoin the leader of the ongoing financial revolution?• Bitcoin mining companies have record yields but a small gain BTC's price is about to explode 

 

Bitcoin's price is about to explode

CryptoInvestment analyst Ran Neuner believes that Bitcoin's prices are about to explode, pointing to the market excitement about the approaching endorsement of ETF by the Securities and Exchange Commission (SEC). On October 7, Neuner said: 

"I just bought Bitcoin for my parents. It's too obvious it's going to explode. " 

Neuner said that the Bitcoin ETF approval of the Securities and Exchange Commission would be much more management than futures contracts and would have a dramatic impact on the market. 

 

Vitalik Buterin introduced Ethereum 2.0 

According to Vitalik Buterin, the Ethereum 2.0 platform includes a mix of different concepts and may also be referred to as a "catch-all term". Buterin further reminded that these new concepts are part of a plan that drastically redesigns the entire Ethereum blockchain. Ethereum's team focuses on a concept such as the PoS (Proof of Stake), known as Casper. In addition, the latest version of the Ethereum platform will be equipped with a wide range of improvements, such as improving the economic protocol, abstraction, Buterin said: 

"Ethereum 2.0 is basically the kind of new version of Ethereum, which will have all these different enhancements, connect them and basically create what we consider to be the best possible design for a blockchain." 

 

Why is Bitcoin the leader of the ongoing financial revolution? 

Despite the fact that Bitcoin has not achieved such an amazing year as many have hoped for, there are many signs that suggest that this market space is ready for bigger and better things in the near future. 

  1. Volatility is low enough this year.
  2. Crypto exchanges have recently received a tremendous traction.
  3. Bakkt promises to become a big player.
  4. A great influx of talents ensures continuity and fluidity.
  5. Crypto-world spreads across different demographic spectrum.   
  6. Blockchain-oriented courses are taught globally. 

 

Bitcoin mining companies have record yields but a small profit 

Diar's new research has shown that the Bitcoin price remains 40 percent higher than a year ago, and miners have achieved a record $ 4.7 billion in revenue this year. However, a number of factors have been combined, including increased competition and computational power, and Bitcoin mining has become less profitable compared to the previous period. The report states that this situation threatens smaller mining companies.  According to the survey, China remains one of the few countries that also offers retail energy prices that have a commercial sense of mining. The average price is around $ 0.08 / kWh. Nevertheless, rental, wages, equipment and other overheads could quickly cause amateur mining businesses to be insolvent.