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| Bitcoin's price is around $7400 USD, Current Doge/BTC rate = 51 Satoshis! |
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This news of Bitcoin's increase is interesting as a hedge fund billionaire, Ken Griffin, mocked Bitcoin and stated that even some of his employees didn't even want to invest in the risky asset. "I have a hard time finding myself wanting to be in in the position of being a liquidity provider to a product that I don't believe in," said Griffin when asked further.
On a positive note for Bitcoin, MasterCard recently picked up a ground breaking patent (which should be publicly available as open source) that will allow Bitcoin transaction to be recorded on credit cards. With this feature it could significantly increase adoption, especially for MasterCard holders of debit cards, gift cards, and credit cards. This would also enable businesses to be able to accept Bitcoin through MasterCard as the medium with instant transfers, which will considerably change the game for Bitcoin! The prospects of what could be done are important but we'll see how liberally we can act under MasterCard's guidelines.