Could Plattsburgh, New York Be The First to Ban Cryptocurrency Mining?

Authorities in a city in the state of New York are considering taking action against cryptocurrency mining. Plattsburgh attracts commercial miners thanks to their cheap power supplies. However, officials there believe the drain the activity places on the grid could be unfairly increasing the cost to other citizens of the city.

Cheap Hydroelectricity Limited in Plattsburgh

The reason cryptocurrency miners have decided to set up shop in Plattsburgh is that the city benefits from some of the cheapest power in the entire US. This is thanks to their membership in the Municipal Electric Utility Association. Since the 1950s, the St. Lawrence River has been producing hydroelectric power and Plattsburgh receives a share of the low-cost power.

Previously, the city claimed to have the lowest power rates in the entire nation. However, when the inexpensive electricity runs out, Plattsburgh are forced to buy in power on the open market. The additional cost is then passed onto the city’s ratepayers.

With the hydroelectricity costing just less than 5 cents per megawatt hour and the bought in power costing around 37 cents, the difference in monthly bills can be dramatic. Municipal Lighting Department Manager Bill Treacy stated that the increase could be as much as $40 a month. He told local news source Watertown Daily Times:

“People are surprised when their bills are so high.”

This winter is the first time the city had to buy in additional power from elsewhere in several years. Officials believe that increases in local mining operations combined with a particularly cold winter have contributed to the extra draw.

To attempt to continue supplying residents with cheap power, the Mayor has proposed a temporary ban on cryptocurrency mining. It is believed that such a measure will allow Plattsburgh to assess the true impact of the electricity-intensive activity. This will include the cost burden on local residents, as well as various health and safety factors affecting mining operations.

However, one of the city’s miners believes the 18-month ban is unnecessary. David Bowman of Plattburgh BTC fears such measures could stifle innovation. He told WCAX:

“You know you need to protect people in the town from being adversely affected by increased electricity rates but I think there are ways to do that like possibly charging the miners more… I think it’s not a great idea to just completely ban the whole thing– it’s just too new.”

Nothing has been decided yet but the moratorium is due to be debated at a public hearing on March 15. It remains to be seen whether Plattsburgh will follow the recent example set by China in trying to remove crypto miners from their society. It would be the first US city to do so, however.

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According to a recent patent filing, Paypal Inc. is developing a new protocol that will make crypto transactions faster — great news for Bitcoin and other digital currencies. Published last week, the patent details a new system that would transfer private keys outside of the blockchain to speed up transactions. Such off-chain solutions have been hailed by the likes of Microsoft as a solution to speeding up cryptocurrencies. 

The payments processing company is one of many companies hustling to file new patents related to Bitcoin and other digital currencies. The application, filed with the U.S. Patent and Trademark Office, is for an “expedited virtual currency transaction system,” which the company claims will be able to significantly shorten digital currency transaction times.

What Does This Mean for PayPal?

The company says it wants to improve user experience and better compete against fiat credit card payments. Right now, its users experience a delay between the start of the transaction and when it is confirmed, with about a 10-minute waiting period being common.

“In many transaction situations, a 10-minute wait time will be too long for payers and/or payees, and those payers and/or payees will instead choose to perform the transaction using traditional payment methods rather than virtual currency,” PayPal said in the filing. “Issues like this have slowed the adoption of virtual currencies despite their advantages. Thus, there is a need for an expedited virtual currency transaction system.”

PayPal’s system will involve transferring private keys outside of the blockchain, using a secondary wallet with keys tied to predefined amounts of digital currency. The patent description explains:

“The systems and methods of the present disclosure practically eliminate the amount of time the payee must wait to be sure they will receive a virtual currency payment in a virtual currency transaction by transferring to the payee private keys that are included in virtual currency wallets that are associated with predefined amounts of virtual currency that equal a payment amount identified in the virtual currency transaction.”

Having to wait a long time for payments to go through has been one of the biggest criticisms levelled at Bitcoin. It’s what led Stripe to end support for payments made in Bitcoin earlier this year, with the company saying the digital currency had “evolved to become better-suited to being an asset than being a means of exchange.”

The “Lightning Network,” is another method that makes off-chain Bitcoin transfers through channels, and is touted by its developers as having the potential to offer “billions” of transactions per second. The protocol is presently being rolled-out. If both services see high levels of adoption, Bitcoin has a much better chance of mainstream adoption.

The rapid rise of cryptocurrency’s popularity left many people with the feeling that they’ve missed an opportunity to invest. This feeling hit harder when Bitcoin reached an all-time high of $20,000 at the end of last year and was projected to go up to $40,000 in 2018 and to jump up to $100,000 in 2021.

However, reality has only proved the opposite as the price of Bitcoin plunged to less than $6,000 in February stabilizing at about $9,000 a few days later. In just under a month the total market capitalization of cryptocurrencies lost almost more than half a trillion dollars of value. Not surprisingly, Citi Private Bank report described cryptocurrencies as “the most volatile asset class”.  

The volatility and the unpredictability of cryptocurrencies make it hard for a beginner investor to enter the game. Checking up on tokens price every five minutes is not that someone really wants to do on a daily basis. A French startup presents to make it less stressful and sophisticated offering user-friendly automated trading tools.


Kryll gives its users an opportunity to build their own automated crypto strategies with different LEGO-like blocks such as IF, ELSE, AND etc. For example, if the market falls by 20%, an investor may set a scenario to swap bitcoins for dollars as soon as possible. Or they may wish to buy more when the market collapses. A user can simply drag and drop blocks to create a strategy that fits their investment goals.

As the company develops they want to produce more complex blocks based on machine learning and sentiment analysis. Luca Benevolo, Kryll’s CEO, says the idea is “to analyze in real time the feeling of a token and crypto in the broad sense on social networks and to be able to extract alerts”. Therefore if the algorithm detects a community goes FUD (the fear, uncertainty, and doubt) on a cryptocurrency on social media it sends alerts with “bad feelings” to a user.

“Kryll wants to create a strategy constructor, a sort of WordPress or Tilda for traders. The project offers a comprehensive multi-platform solution, and that may be its main advantage. Desktop computers, mobile phones, and websites, combined with a flow of signals and news and integrated into a user-friendly interface – it’s easy and can be used anywhere,” – says Denis Suslov, Chief Financial Officer at Finom AG.

But one doesn’t have to create their own script from scratch. They can join a strategy created by an experienced trader for a fee in KRL (tokens gained via the ICO). The price is set up by the creator of the strategy.


Once a strategy is built, the first question often is whether the strategy actually works. The company hedges users’ risks allowing them to test their scenarios for free as long as needed. They will be able to try it out using the 6 months of recorded data of market changes. Or they can choose the sandboxing option as if the script were actually running on the market.

While strategy creation and real-time simulations are free, the platform will only charge users for live trading. The project won’t take commissions on profits – their business model is based on a pay-per-use mechanism. According to its whitepaper, Kryll will use a “fuel” system. The launch of a strategy will use KRL tokens as a running fuel. The price depends on the complexity of a task: the more complicated is the script – the more it costs.  

During the ICO a KRL token is being sold for $0.20. The minimum purchase is 500 KRL. Last December Cryptense S.A.S, the Blockchain company that runs the Kryll project, has already received €200,000 from private investors before the token sale. Now their goal is to raise up to $29 million via the ICO that started on February 7, 2018, and will run until March 20, 2018. The ICO appears to be going well – in less than in a week Kryll have already sold tokens for more than $1.5 million USD.  

Finally! You can trade on the new cryptocurrency exchange market. Here comes the solution for all the problems that other markets have had recently.

In a nutshell:

  • quick support 24/7
  • transparent platform’s funds
  • highest security
  • a voting system for new cryptocurrencies
  • affiliate program
  • cryptocurrencies: BTC, BTH, ETH, LTC, DASH, QTUM
  • fiat available: BTC/EUR

CoinDeal’s team is a cryptocurrency exchange market that has been created by an experienced team of people who aren’t just theoreticians. Quite the opposite, CoinDeal’s team consists of crypto-lovers who have been interested in blockchain and cryptocurrencies for years. They not only know what it is all about but also meet the real problems that show up during trading on cryptocurrency exchange platforms. Thanks to that, CoinDeal’s team can easily put itself in users’ place to understand what is really important for them.

CoinDeal’s creators

Behind every great team, there are people with even greater minds. People who can not only invent some new solutions but also implement them successfully. Behind CoinDeal, new cryptocurrency exchange platform, stands Adam Bicz, Kajetan Maćkowiak, and Filip Dzierżak. Three Poles who complement each other with knowledge. Adam is an experienced programmer who worked, among others, in Dubai. Now, with Kajetan, who perfectly knows how to move in marketing and business world, he has become the owner of cryptocurrency exchange platform. Filip is watching over the company’s finances and supports the IT department. Dzierżak is also Chief Operating Officer in CoinDeal. This project, CoinDeal, was preceded with other cryptocurrency businesses like – a service where you can buy Bitcoin, and – a payment gateway for cryptocurrencies. Maćkowiak and Bicz are also funders of – software house specialized in blockchain and cryptocurrencies.

What are the characteristics?’s top priority is the contact with its customer. That’s why CoinDeal won’t let you wait for an answer for a long time. The Support is available for your needs 24 hours a day, 7 days a week. In CoinDeal, creators know how annoying and unprofessional it is to wait for an answer for over a week. That’s why an efficient support was one of the most important assumptions in the creation of cryptocurrency exchange market.

Another priority is the safety of users and their funds. That’s why, apart from all typical precautions like the most advanced SSL standards or mandatory 2FA, a user also gets email notifications about login attempt from different IP than usual. CoinDeal is also protected by CloudFlare security and funds are stored in cold wallets. To prevent the situation in which cryptocurrency exchange platforms are using users’ money to exist – keeps everything bright and clear. Users can check the funds, which belong to exchange market, and are not mixed with private funds of users. CoinDeal also provides 100% uptime of its platform to let its users trade anytime they want without missing any good opportunity. What’s more, after a transaction you won’t feel cheated as all the fees are visible in Fees Table.

Voting system

The CoinDeal platform really cares about its users. That’s why every new cryptocurrency will be implemented after achieving the success in “Vote for cryptocurrency” voting system. Right now, on you can trade Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Dash. Every new cryptocurrency has to be approved by winning in the voting system. This leads to the most important thing; every user has an impact on cryptocurrency exchange market development. Why? Because this solution is created for YOU.

Activate users is not only trying to become the most successful and easy to use cryptocurrency exchange market, but also its goal is to create a community of people who are open for discussion and to help others. To make it happens, CoinDeal offers an Affiliate Program in which you can invite your friends to trade on CoinDeal and receive 20% of their trading fee as a reward. For the first 3 months of running, CoinDeal award for referral will be increased to 50%. isn’t just empty words. Register and check yourself the new, innovative cryptocurrency exchange market.

A Slovenian-based company, which is set to launch its crowd sale on April 17th with a hard cap of $24 million, is developing a cognitive commerce platform called Eligma. Eligma will become your personal commerce agent, connecting existing e-commerces and second-hand marketplaces. By harnessing AI and blockchain technology, Eligma will change the way users discover, purchase, track and resell items online.

Eligma was born as a response to problems identified in traditional retail and especially e-commerce, which has exploded in the recent decade. The project is entering a market, in which sales reached 2.3 trillion U.S. dollars in 2017. Its promise is simple – to simplify online shopping and management of your personal inventory. It is on a mission to save you time.

Eligma’s goal is to offer a comprehensive set of solutions, consisting of discovery, inventory and loyalty pillars. Using artificial intelligence, Eligma’s engine algorithm will process millions of data points from numerous online stores to compare product specifications and characteristics in order to find the product with the exact specifications users are looking for.



Users will simply enter the product they wish to find into the search field and Eligma’s AI will search through all the joined online stores to find the best offer, taking into account preferences set, user behaviour data, location, etc. It will also compare the price vs. quality ratio and search for alternative products that might be a better fit for them, so they might be able to buy a similar TV for a lower price or a better TV for the same price. Eligma will introduce a unified shopping account, meaning everyone using Eligma will be able to buy anything in any store, registered with the Eligma platform, with one account. By utilizing Eligma’s cryptocurrency payment gateway, they will also be able to decide and pay with cryptocurrencies, even if the store will not be supporting them yet.


After every purchase, Eligma will introduce blockchain-tracked digital item profiles or DIPs. They will contain several records and references to digital documents, such as proof of purchase, original item profile and description, repairs, warranties, resells and other trackable events. These records will be stored in a time sequence and include timestamps and hash of the previous record, forming a small blockchain ledger inside each DIP. They will be signed with the creator’s private key for verifying purposes. DIPs will be added to user’s inventory, meaning they will soon have a list of all the items they’ve bought. Users will also be able to add items bought outside Eligma and even those bought in offline stores. Our AI module will then be able to predict the current item value and even track it through time. In this way, it will be able to tell their users when the best time to sell their items is. They will be able to do that with a click of a button, as their item offer will be listed on all the chosen second-hand stores simultaneously. To make sure to avoid shady buyers, Eligma will allow the users to use additional safety options, for example, its escrow service, where the buyer’s payment will be held by Eligma until they verify the item and its condition, or decentralized sales on a blockchain, utilizing smart contracts.


As users now browse through different online stores, they can notice a lot of discounted offers. There is a catch though. Most of them require accumulated loyalty points, which of course most occasional users do not have.

Eligma, loyalty

Eligma will introduce a unified loyalty program that will use its ELI crypto tokens instead of points or loyalty cards. Consumers will be able to earn ELI tokens or buy them on online exchanges and redeem them at any merchant that is taking part in our program or spend them for some of the advanced platform features. Merchants will be able to reward consumers by offering cashback rewards, rewards for purchases of certain items in the past or by rewarding every purchase of an item through a certain time period. The best thing is that Eligma’s loyalty program will only be limited by the merchants’ imagination. In time, they will be able to introduce new and innovative ways of rewarding their customers.

Consumers will also be rewarded by the platform itself. They will receive ELI tokens for registering with Eligma, making purchases through the platform, entering more detailed profile information, manually adding items to their inventories, uploading receipts and referring new users and online stores.

Eligma will enable creating wishlists and performing social media actions. This will help their community to grow and Eligma will reward consumers if those wishlists and social media actions lead to direct sales.

So, there it is … The user will make a purchase of exactly what they need, gain extra money from the old one by reselling it and receive ELI tokens to spend at their next purchase anywhere … that is how Eligma will turn every household into a business.

Anyone who wishes to support the project can already apply for the project’s whitelist and join the public presale, which starts on March 20th. More information about how to contribute can be found on

Investors That Promote Mainstream Adoption Are Rewarded with Exclusive Revenue Rights

SuchApp is the world’s first real-time messaging platform to function as a 5G commercial ecosystem. Powered by blockchain technology, SuchApp enables users to instantly buy and sell merchandise domestically and across borders instantly using the SPS Token — SuchApp’s secure cryptocurrency on the ERC20 blockchain.

Its innovative platform makes SuchApp easy to integrate into all spheres of contemporary society. Business owners can use it to create incentive and loyalty programs that drive sales, consumers can use SuchApp to communicate directly with their favorite brands, and in the public sector, government officials are able to utilize SuchApp’s improved connectivity to stay in contact with citizens and other departments within government.
For this reason, SuchApp’s move into mainstream society has been met with incredible success.

This is why SuchApp is excited to announce its Exclusive License Program, an initiative that thanks top investors for helping the company increase mainstream global adoption. Businesses who meet all the licensee requirements, including securing the target amount of SPS Tokens for their country, meeting all regulations and guidelines, and are committed to maintaining SuchApp servers in their home country, are granted an exclusive license that gives them the following advantages:

    • 100% of all advertising revenue from their country.
    • 100% of all revenue from group name purchases within their country.
    • 100% of all sponsorship agreements within their country.
    • 100% of all revenue from 4K media within their country.

SuchApp is only granting one exclusive license per country, which is given to investors free for the first year. After the end of the year, investors are given the option to relinquish the license or pay the licensing fee.

The biggest benefit of becoming an exclusive license holder is that SuchApp only assigns one license per country. Premium group names are estimated to sell between $50,000 and $100,000, depending on the popularity of the name, and daily advertisement revenue for a group is likely to be anywhere between $200 and $500.

The more active the network, the more revenue the license holder brings in. There is no limit on how much revenue license holders can earn in a year, so 100% of the revenue is the license holder’s to keep.

SuchApp’s goal is to work with investors who’re committed to helping them grow their networks and expand their presence. License holders who are able to increase network activity and help promote SuchApp as the go-to application for business and communication in their home countries will benefit the most from participating in the Exclusive License Program.

About SuchApp: SuchApp combines best-of-class messaging with the power of a social network architected over a robust, enterprise-level blockchain economy to create the world’s first 5G messaging ecosphere. Developed by Footprint Media Holdings Corporation, it will be the single point of contact for socializing, buying, selling, trading and making payments. SuchApp launched its alpha version in January, 2018.

Japan’s two major cryptocurrency organizations will merge and form a new self-regulating body, the Japan Cryptocurrency Business Association (JCBA) and Japan Blockchain Association (JBA) said on March 2. The move comes amid deepening discussions about stronger regulations, and was triggered by Japanese cryptocurrency exchange Coincheck Inc.’s loss of massive amounts of NEM coins in late January.

The agreement on forming the new body was made by 16 cryptocurrency exchanges that have completed registration with the Financial Services Agency (FSA). However, the new body will not include exchanges such as Coincheck, whose applications are pending. Currently, details are unclear regarding the new body, such as its name, location and time of establishment, but the aim is to make it a body with legal backing. Companies aiming to complete registration with the FSA will be able to join the organization in the future.

The aim behind establishing the new organization is to strengthen self-regulation of Japan’s cryptocurrency business. The new organization will merge the major players in the cryptocurrency business that had been split before the Coincheck incident.

More major companies in Japan are going to get involved in the cryptocurrency business. Megabanks Mitsubishi UFJ Financial Group, Inc. (MUFG) and Mizuho Financial Group, Inc. are developing their own cryptocurrencies, respectively MUFG Coin and J-Coin, with the latter to be pegged to the Japanese yen.

LINE, a social media platform used by many Japanese, is also expanding into the cryptocurrency business, and Mercari, a flea market app popular in the Japanese domestic market, has also announced its intention to participate. Currently, there is said to be 100 companies on the FSA waiting list for assessment of eligibility to become an exchange.

Expectations are for the new organization to become a positive factor that improves transparency in the business at a time when the cryptocurrency business in Japan is showing signs of taking off.

A story of BITRUST started with a problem which gathered a team of blockchain enthusiasts to solve it — to have an affordable tool for hedging cryptocurrency trading transactions. And it is true, with the altcoins market volatility we have faced these few months it is obvious that everything is ready for such product to come about. In this blog we will tell in more detail about what BITRUST offers and why it is needed.  

The idea

Altcoins are highly volatile — the total market cap hyped by 10,000% starting in 2013 and right up until its downturn this January. Moreover, how extremely complex it is to forecast these market fluctuations! And this is exactly why market was calling out for something like BITRUST — to solve the real issue of altcoin volatility for small and medium investors and cryptocurrency enthusiasts.

“On one hand the market volatility is skyrocking, and on the other — the interest in cryptocurrencies and the value behind blockchain technology is really growing. More and more people talk about it every day. It means that already this year a lot of people will want to join the movement, learn more about the crypto world and also participate in its development. We are looking at the few year-long market adjustment and growth period ahead of us and we believe that BITRUST is the type of project which will heavily contribute into such adjustment,” says company’s CEO Alex Duhamel.

Alex adds: “With BITRUST you don’t have to accept all the risk when trading altcoins. You can easily mitigate it, moreover — in a convenient fashion and at an affordable price. Imagine you could have such possibility to do this now?!”

BITRUST product

BITRUST is a peer-to-peer Ethereum-based, decentralized cryptocurrency insurance platform. Each smart contract can involve two or more parties and it works like this:

 For example, I’d like to ensure against ETH (with a value of $100) dropping in price by 30% against BTC for a period of 96 hours. I am willing to pay in digital currencies an equivalent of $5 as an insurance and claim an equivalent of $15 in case the price drops to $70 or below. My counterpart then has to agree to these proposed terms or make a counteroffer proposing slightly amended terms.

Then we lock our agreed sums in a BITRUST smart contract. I lock an equivalent of $5 (insurance cost) and my counterpart locks an equivalent of $15 (insurance body). The total BITRUST smart contract then will be equivalent to $20.

In 96 hours, if the ETH token drops by 30% against BTC, the BITRUST smart contract executes a pre-agreed deal and sends the equivalent of $20 to me: $5 of insurance fee plus $15 of the actual insurance body. In the opposite case the equivalent of $20 is sent to the other side.

The buyer and the seller of insurance both lock their funds in BITRUST tokens (BTFs) or a certain set of other cryptocurrencies that will be permitted by BITRUST platform. However, there is a great motivation to use BTFs in particular.

BITRUST business model

The company intends to provide real value for holders of BTFs on the secondary market and reward early investors. That is why they will charge a fee of only 0.1% against a total amount locked in a BTF smart contract (in case of our example above it would have been 2 cents) only when the entire deal is conducted in BTFs. This is a discount of 80% of the regular fee — isn’t it a strong incentive to use BTF tokens?!

Read more about the BTF value, token allocation and projected financials in BITRUST white paper.

BITRUST philosophy

BITRUST philosophy is simple — to be fast and flexible, open to feedback and making sure the company has the extraordinary team of professionals to design a product offering a flawless user experience.

Company’s Head of Operations Arthur Lots puts it in his own words: “For us, these words really mean a lot. It’s not just about being flexible — it’s “be flexible or die”. It’s not just about being open — it’s knowing that feedback is priceless. When you build your company from the ground up and you really invest into each and every inch of its growth, you don’t compromise. You just can’t.”  



At its disposal BITRUST has it all — professionals in cryptocurrency, insurance operations and compliance, blockchain and peer-to-peer technologies, artificial intelligence, internet marketing and economics, politics and public relations. The management team has already achieved several milestones such as having all infrastructure in place to develop the BITRUST platform, including headquarters, IT support and hiring a top team of software developers.

“I really would like to talk more about our people here. This is the team which has proven itself in developing other projects. As the leadership core of BITRUST is comprised from serial entrepreneurs from different sectors like finance and banking, trading and strategic business consulting, we were able to gather a team from the experts we have known and worked with before. They might not be the people who have immediate recognition on the internet, however they have more than that — ability to work with t he utmost focus and commitment on the product, which will change cryptocurrency trading as we know it,” Sergey Silin, the company’s CTO gives a vote of confidence to his team (we have introduced some key developers previously, you can also find information about the whole team here).

BITRUST community

BITRUST is a vocal advocate of building a community around each blockchain product. They’d love to get your opinion and communicate with everyone willing to start a discussion. So, do not hesitate to join BITRUST Telegram channel and ask more questions if you have any.

To finance the development and launch of the BITRUST platform, a limited-supply sale of BITRUST tokens (BTFs) will be created by BTF Project Limited. The sale will start on 5th of March — see more information about the BITRUST ICO structure and the company here.

 Make sure to follow us on Facebook and Medium to be the first to find out about BITRUST development news and everything else that’s important in crypto world!


When a cryptocurrency catches up with a rival in terms of transactions it could be a sign of greater adoption, or maybe not. Litecoin and Bitcoin Cash have been duking it out over the past few months coming ever closer until the inevitable happened. Yesterday BCH caught up with LTC with number of daily blockchain transactions.

According to Bitinfocharts Litecoin has been on a slow downtrend since the beginning of the year with fewer transactions per day. Its last spike was 225k transactions on January 4 when price was also heading over $300. Bitcoin Cash only surpassed LTC once in the past three months on January 14 when it reached 110k transactions.

Litecoin has been above Bitcoin Cash since mid-January by almost double though the two have been slowly coming together. Yesterday BCH transactions reached around 38.5k whereas Litecoin recorded 37.5k. There have been a number of smaller spikes in the transaction numbers for both altcoins so it has yet to be determined whether this is a long term change in trends or just another spike.

Litecoin did not get the boost it expected from the launch of LitePay which was supposed to bring the altcoin to the masses with easy credit card payments. This never happened and only the merchant component of the service was rolled out. As a result LTC has failed to maintain its first upward spurt since early December and has started to slide back towards $200.

Bitcoin Cash has also been on a downward slide since mid-December and it has lost almost 70% of its value since its all-time high of just over $4,000. Its transaction chart looks far more linear than Litecoin’s which rises and falls with natural usage of the asset. Litecoin forefather Charlie Lee has already made a number of comments about a ‘flappening’ in which the LTC market capacity surpasses BCH.

At the moment this doesn’t look likely as they have both maintained a steady gap for a couple of weeks now. Bitcoin Cash remains the fourth most popular cryptocurrency with $21 billion while Litecoin, only one place behind it, has almost half at $11 billion. It will need an almighty announcement or partnership to boost levels enough to overtake BCH in the short term.

Over a longer period it seems more likely if BCH loses its appeal due to more Segwit and Lightning Network adoption for its big brother BTC. The race goes on in the cryptodrome.

Opinions on the Bitcoin price are very different in nature. Some people expect six-digit figures by 2020, whereas others expect a major decline in value. Harvard economist Kenneth Rogoff is convinced the BTC value will head to $100 soon enough.

Kenneth Rogoff is at it Again

Most people in the cryptocurrency world are familiar with Kenneth Rogoff. He has made some interesting Bitcoin price predictions over the years. The Harvard economist is convinced cryptocurrencies will not succeed. In fact, he regularly states how these markets will eventually collapse when common sense returns to this industry. Only time will tell if those concerns will effectively become a factor in the future.

According to the Harvard economist, Bitcoin will hit $100 in the near future. It is a “greater chance than it hitting $100,000  a decade from now”, according to Rogoff. That is a remarkable statement, albeit he has some good reasons for making this prediction. Once money laundering and tax evasion are removed from the equation, the use cases for Bitcoin are pretty minimal. The Harvard economist mainly sees BTC as a tool for criminal activity, a sentiment shared by most governments around the world today.

Recent research by Blockchain Intelligence Group shows Bitcoin is used far less in the illegal circuit right now. It still accounts for nearly one in five transactions, though. Even so, it shows criminals are flocking to other solutions in this regard. Whether this means they use altcoins or traditional financial solutions, remains unknown at this point. It seems the Harvard economist has not taken this research into account before making this $100 price prediction.

Government Regulation is a Non-factor

No one can deny more governments are looking to regulate cryptocurrency. Doing so successfully will be a challenge. The decentralized nature of cryptocurrencies makes it virtually impossible to apply traditional regulation. Harvard economist Kenneth Rogoff thinks government regulation will crash the Bitcoin price. He does acknowledge this degree of regulation will take a fair amount of time to come to fruition.

We have seen Japan legalize Bitcoin as a form of payment. It is possible other countries will follow this lead by example in the future. Assuming this trend continues, the Harvard economist will be proven wrong in his assessment rather quickly. For now, multiple governments are in the process of tackling this industry. How they will go about doing so, remains unknown, for the time being.  As such, the impact of potential regulation is a non-factor right now.

Whether or not Rogoff’s prediction will come true, has yet to be determined. Anything is possible in the world of cryptocurrency. For now, regulation is not necessarily a concern, as governments want to see how the underlying technology developers. As such, we may see the Bitcoin price continue to thrive for quite some time to come. Even a Harvard economist can make an incorrect prediction now and then. This is especially true when it comes to Bitcoin or other cryptocurrencies.