In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
It is likely that we will see even more cryptocurrencies get produced in the future. The selection currently available is great, but it is just a fraction of what we could see. Just as there are many different types of currency all over the world, so in the digital space may we see other types of cryptocurrencies emerge.
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Either way, there is a strong possibility that Soros Fund Management or its surrogates will start buying up large amounts of cryptocurrency if the prices for strong altcoins such as Bitcoin, Ethereum (ETH), and Litecoin (LTC) stay low.
“As long as you have dictatorships on the rise you will have a different ending; because the rulers in those countries will turn to Bitcoin (BTC) to build a nest egg abroad,” Soros said at the World Economic Forum in Davos Switzerland on 25 January 2018.
Soros thinks cryptocurrency will attract big money and he wants a piece of it. Soros is very familiar with dictatorships and currency; he grew up in Hungary during World War II and experienced Nazi and Communist thuggery; and one of history’s worst cases of hyperinflation, first hand.
The source of Coinbase’s prosperity is obvious: it makes money by charging .25% to 1% fees on all transactions. The size of the revenues indicates a massive increase in Coinbase’s transaction volume; probably generated by the media interest in high cryptocurrency prices.
Coinbase is adding new sources of revenue on a regular basis. Its; wallet now supports four cryptocurrencies; Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), and Bitcoin (BTC).
Coinbase; which operates the GDAX exchange, now has more than 13 million brokerage accounts more than Charles Schwab (NYSE: SCHW), Recode claimed. Coinbase claims to serve more than 10 million members in 32 countries and exchanged more than $50 billion worth of cryptocurrency.
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