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$1 Billion Worth of Bitcoin Moved For Less Than a Cup of Coffee


$1 Billion Worth of Bitcoin Moved For Less Than a Cup of Coffee

For the longest time, Bitcoin has been deemed useless by mainstream economists, investors, and others. LendingTree Chief Economist Tendayi Kapfidze told Yahoo Finance in an interview that he thinks Bitcoin is a “pyramid scheme,” citing his sentiment that you can “only make money [with BTC] based on people who enter after you.” But, a recent transaction recently was processed on the world’s foremost blockchain that seemingly proves that the cryptocurrency has real-world value.

$1 Billion In Bitcoin Sent for… $0.70

As first spotted by Twitter user “Krisma,” a Bitcoin address recently moved 146,500 Bitcoin in a single transaction, which amounts to approximately $1 billion worth of value. What’s especially notable about this transaction is that it took mere dozens of minutes to complete and cost the transactor 0.0001 BTC, or approximately $0.70 as of the time of this article’s writing. Read More...