This Week in Fintech ending 6 November 2020

Taking a break from obsessing about the US Elections. This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. To continue receiving This Week in Fintech, you can either become a paying Member for $143 per year (and receive all our content in addition to this weekly […] The post This Week in Fintech ending 6 November 2020 appeared first on Daily Fintech.

This Week in Fintech ending 6 November 2020
Taking a break from obsessing about the US Elections. This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.

Taking a break from obsessing about the US Elections.

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.

To continue receiving This Week in Fintech, you can either become a paying Member for $143 per year (and receive all our content in addition to this weekly summary) by clicking here.  If you just want to receive This Week in Fintech for free, you will need to fill in this form

Your Editor is Bernard Lunn. He is also the CEO of Daily Fintech and author of The Blockchain Economy and occasional opinion columnist.

Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Mercato Blockchain Corporation AG and Weekly Columnist at Daily Fintech) @iliashatzis wrote Bitcoin by the numbers

I’ve always been a numbers guy when it comes to bitcoin’s growth and future adoption. Yesterday was bitcoin’s 12th anniversary, and since the bitcoin whitepaper has been published on 350 web sites and cited by over 1,100 scholarly articles. This weekend, bitcoin’s price rose above $14,000 for the first time since January 2018. As I write this, bitcoin is hovering around $13,800. Until now, bitcoin has seen three major bull runs. In June 2011, when bitcoin’s price hit $30, in January 2014 when it was reached $1,100 and December 2017 when it skyrocketed to $20,000. Each of these peaks was followed by a huge drop, where bitcoin lost more than 80% of its value. In the next twelve months the followed the December 2017 high, bitcoin’s price steadily dropped and by late 2018 it reached a low around $3,200. In mid-2019 it reached $13,800 before dropping to $4,000 in early 2020. Now it’s soaring again and many HODLers are hopping to see it clear past the highs of late 2017. I’ve compiled a list of numbers from a variety of sources about bitcoin’s growth in 2020. Hopefully, the big picture will become clearer, as you piece some of this information together