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Kevin Connolly’s Cryptos TV show: The Good and the Bad

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The Cryptos TV show is going to be great exposure for cryptocurrencies overall. It is going to present a lot of topics and explain things to people.

Kevin Connolly, we know from the comedy-drama television series Entourage where he played the character Eric Murphy is making a new TV series about cryptocurrency called ‘Cryptos’. He hopes that the show can open up a notoriously complicated subject for the public. Kevin Connolly said that the thing that scares people about cryptocurrency is the lack of understanding. The trailer of the Cryptos TV show looks quite fascinating.

 

Cryptos TV Show: The Good and the Bad

The Cryptos TV show is going to be great exposure for cryptocurrencies overall. It is going to present a lot of topics and explain things to people and millions of people are probably going to learn about cryptocurrency because of this TV show. The sponsorship opportunities for the cryptocurrency companies on the show are going to be ridiculous.

It could end up going bad potentially. It could really show the wrong side of the industry such as starting an ICO, making millions of dollars, getting lambos, going to parties spending investors money etc.

The trailer doesn’t really give us too much idea of what the show is really going to be like but if it is done well, it could show the power, use cases and investment potential of cryptocurrencies. It could send a very strong message to the viewers about why cryptocurrencies are awesome.

 

What’s different in Cryptos TV Show?

This is not the first time we are seeing cryptocurrency related media coming out. HBO’s Silicon Valley for example frequently talks about cryptocurrencies, bitcoin, and ICOs but a lot of that stuff is usually happening in a very joke kind of context. So perhaps the Cryptos TV show from Kevin Connoly could focus it more on the power of the technology versus just some fun jokes once in a while. We have already seen a lot of documentaries about bitcoin but the people who really don’t know anything about bitcoin, probably aren’t going to get out and watch those documentaries but they might watch the Cryptos TV show especially when it is Entourage level entertaining. We have also seen quite a few films coming out particularly based on bitcoin, none of them have been really big yet but we do have a movie which is in post-production right now called ‘Crypto’ which is a crime drama thriller but we have seen how grossly cryptocurrency can be misrepresented.

It seems that the intention of the guys behind Cryptos TV show is to present cryptocurrency in an honest way and there is a lot of dirty stuff going on in cryptocurrency space and they should talk about that too but hopefully they’ll also talk about the good stuff as we always see different publications coming out all the time making smear jobs on bitcoin and cryptocurrencies for a million different reasons. To have an entire multi-season TV series with some kind of good message out there about what crypto is could be good for the entire cryptocurrency community.

The team behind Cryptos TV show claims to be in a process of producing the first 10 episodes with a hope of being picked up by Netflix or Amazon. This could be a big driver in making crypto go mainstream.

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Alert: CME Bitcoin Futures Experiencing Record Breaking Volumes

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These days saw the highest and rapid increase ever for Bitcoin futures on the Chicago Mercantile Exchange as the amount exceeded 18,000. Institutional investors are paying attention to this as the bitcoin future contracts get snapped up at an ever-increasing rate.

 

Record of BTC Contract Size on CME:

As per the stats of CME they were 18,338 on Wednesday, which is the highest figure ever recorded till now. This is equivalent to 91,690 Bitcoins or roughly $365 million at today’s prices.

cme-futures-trading-volume

Upcoming contracts enable explorers to bet on the prices rather than to purchase the physical assets. So these figures might be a little misleading.

 

When the new product which offers the physically settled contracts hit the market, they will be paying out in BTC which will drive tremendous momentum for crypto markets. Over the past year or so the expectation of a crypto Exchange Traded Fund (ETF) being launched has been telecasted and dominated the news. The year 2018, has been the year of regulation and cooling off which was only to be expected after the previous year of rampant FOMO and parabolic market action.

 

This year 2019, is expected to be different as many industry experts predict the launch of at least one institutional investment vehicle.

 

As per the Block European exchange giant, Eurex is preparing to launch crypto and bitcoin futures so the list of institutional offerings is increasing rapidly. The cognate exchange is operated by Germany’s Deutsche Börse, which will be offering Bitcoin, Ethereum and XRP imminently according to the report.

 

Exchange traded funds are the future:

In addition to these future products, there is already one type of Exchange Traded Funds that are actually traded through an ETN (exchange-traded note) which allows investors to get direct exposure to Bitcoin prices. The Grayscale Bitcoin Trust (GBTC) crosses the technicalities of buying and storing Bitcoin but still allows investors to get into the action by buying shares that trade at around a thousandth of the price of BTC.

 

GBTC has been highly popular with over $800 million which is already invested in the Bitcoin fund.

 

Furthermore, Bitcoin is the most popular. The fund eliminates the volatility of buying and owning Bitcoin directly which is something that institutions want.

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Elon Musk: Cryptocurrency is the future, Paper Currency going to end.

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CEO of Tesla, Elon Musk, stated that the Day is not far when the paper currency will fade away and shall be replaced by the Bitcoin.

Enthusiastic towards cryptocurrency also the CEO of Tesla, Elon Musk, stated that the Day is not far when the paper currency will fade away and shall be replaced by the Bitcoin. Which clearly means Musk is in favor of the decentralized currency ( also known as cryptocurrency).

 

In one of the episodes of ‘On The Road To Full Autonomy With Elon Musk, which is hosted by Tasha Keeney, the CEO spoke and discussed the developments that Tesla shall undergo and also spoke about the cryptocurrency with regard the future of technology and finance.

 

When Elon Musk was asked regarding Jack Dorsey’s prediction, which was that the Internet shall be witnessing Bitcoin as its native currency soon, Elon Musk answered it and found it interesting.

 

He further said that the idea and also the structure of the Bitcoin is great and it seems like there is some advantage to Ethereum. Elon Musk is not sure whether it will be good for Tesla resources to get into cryptocurrency.

 

Elon Musk also said that Bitcoin and Ethereum scammers were so rampant on Twitter, he decided to join in and He said at one point that he wants to buy some Bitcoin. Then his account got suspended cause obviously there was some automatic rule, he then ended the conversation by saying that he was just joking.

 

A campaign was started by Twitter which deleted several bogus accounts for “coordinated manipulation,” and promotion of cryptocurrency scams, Elon Musk appreciated the website’s efforts.

 

Elon Musk added that the disadvantage of cryptocurrency is that the nature of production is energy intensive as regards to the mining process.

 

Keeney referenced to the terrible financial condition in Africa, where the restrictions on the currency stop the citizens from converting their currencies and forcing them to go through the US dollar. To which Musk replied that cryptocurrency is a far better way to transfer money or value rather than pieces of paper. Paper money is going away.

 

Even after Elon Musk’s positive statement on cryptocurrencies, his recognition for the structure and concept of Bitcoin and Ethereum and his confirmation that paper money will be replaced by the decentralized currency, the Tesla CEO made it clear that his company will not be selling Bitcoins.

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Tim Draper: Bitcoin Mass Adoption till 2021

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Tim Draper said in an interview with the FOX Business on 18th Day of February 2019 that the world will soon start buying coffee by using Bitcoin.

Bitcoin is considered as digital gold or e-gold which has achieved dominance in the field of cryptocurrency. Tim Draper, who is the inventor of the Billionaire Bitcoin, predicted the rapid increase in the growth of the Bitcoin or cryptocurrency in the world and said in an interview with the FOX Business on 18th Day of February 2019 that the world will soon start buying coffee by using Bitcoin. According to his prediction, the world is just 2 years away from when everybody shall start to use Bitcoin.

 

By 2023, Baristas would be laughing at people who shall make the payment of their purchase by using the currency other than the Bitcoin, Tim Draper added.

 

Even after having a large number of Bitcoins, Tim Draper has no plan to trade or sell any of his Bitcoin.

Tim Draper previously claimed and predicted that by 2022, the net value of Bitcoin will reach to $250,000 per coin. The prediction is also said to be the highest prediction coming from the industry of cryptocurrency. But Draper is still not clear on how this rapid growth will take place but he is enough confidence that there will be massive growth in cryptocurrency.

 

Recently the CEO of Twitter, Jack Dorsey also publicized Bitcoin.

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