Bitcoin Will Be $8 Trillion Economy by 2030, Top Wealth Manager Explains Why – newsBTC

Bitcoin could become an $8 trillion asset by 2030, according to Andy Edstrom of California-based WESCAP Group.

The wealth manager said the cryptocurrency could take away a part of capitalization from all the leading markets. They include gold, shares, fiat, offshore assets, or demonetized store of values like real estates.He added that investors would explore bitcoin also because of its new use-cases as its technology grows in the next decade. Excerpts:

Whether its micropayments or similar things enabled by [the] Lightning [Network] or its Abra or similar systems whereby you can get synthetic exposure to any asset in the world just by holding bitcoin as collateral. So theres a lot of upsides.

The statements came after a series of global media coverages called out bitcoin for being the best investment of the decade ending 2019. The period saw the cryptocurrencys rate journeying from a few cents to $7,100, wherein its market valuation even surpassed that of US investment banking giant Goldman Sachs.

Entering 2020, bitcoin was among the leading gainers even so mounting global geopolitical and macroeconomic risks kept risk-on sentiments at bay. The cryptocurrencys move uphill prompted analysts to call it a new form of safe-asset, which investors treated as insurance assets against gloomy macro conditions.

Bitcoin lifetime performance | TradingView.com, Coinbase

Nevertheless, Mr. Edstrom noted that bitcoins major upside in the last decade came on the back of FOMO a backronym for Fear of Missing Out.

The former hedge fund investor cited it as hyper-bitcoinization caused by the notorious initial coin offering boom in late 2017, adding that FOMO could happen even in the next bullish cycle. Also, a more researched class of investors could measure bitcoin against expansionary fiscal policies undertaken by governments and central banks around the world.

Either way, the investment thesis of bitcoin is good, said Mr. Edstrom.

The upside sentiments in the bitcoin market have encountered resistance from traditional financial experts. Many of them still see bitcoin as a speculative asset having no underlying value. Jeff Schumacher of BCG Digital Ventures, for instance, said the cryptocurrencys price might even go down to zero.

I do believe it will go to zero. I think its a great technology but I dont believe its a currency. Its not based on anything, the top financial analyst said at the sidelines of recently-held World Economic Forum in Davos, Switzerland.

Other financial analysts that see bitcoins so-called bubble popping in the next decade include legendary investor Warren Buffett, perma-bear economist Nouriel Roubini, and gold bull Peter Schiff.

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Bitcoin Will Be $8 Trillion Economy by 2030, Top Wealth Manager Explains Why - newsBTC

Peter Brandt Says Bitcoin (BTC) Is in ‘Early Stages’ of Another Parabolic Move – U.Today

In his latest weekly crypto report, commodity trading legend Peter Brandt explained why he thinks that Bitcoin (BTC) could be in the early stages of another parabolic move.

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Brandt says that Bitcoin (BTC) remains within a massive bull channel that goes back to 2013. He noted that the top cryptocurrency recently started to redefine another parabolic advance, which is reminiscent of the previous bull market.

The chart shared by Brandt shows that Bitcoin has finally managed to break out of a falling channel after forming an inverse head-and-shoulders (iH&S) pattern on the daily chart.

"That was important (to complete the channel) because it was an indication that this retest of this massive lower boundary on the weekly chart is held."

The $6,500 level, which was tested in December, could end up being a significant bottom for a long period of time.

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In his video, Brandt also noted that weak hands had been FOMO'd out with the formation of the above-mentioned iH&S chart. The fact that Twitter permabulls were waiting for a dip to the $5,000 level was a signal that the bottom was already in.

"So I think we've just got rid of a lot of people, and what that means is weak hands are out. There is nothing more bullish to a market when you have a lot of bulls who are basically sold out."

As reported by U.Today, Brandt claimed that the BTC price could aim for $50,000 if the bulls had been completely purged from Twitter.

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Peter Brandt Says Bitcoin (BTC) Is in 'Early Stages' of Another Parabolic Move - U.Today

The gas bubble is feeding the speculative Bitcoin bubble – Treehugger

Instead of flaring off gas, they are burning it to run computers that mine bitcoins. Is this any better?

TreeHugger has often complained about the power consumption of mining bitcoins. Right now, according to the digiconomist, Bitcoin is consuming 73.68 terawatts of electricity every year, as much as all of Austria, and is has a carbon footprint of 35 million tonnes of CO2, about the same as all of Denmark. It's enough electricity to power 6,822,107 American homes.

The numbers for a single transaction are even more ridiculous; the energy needed to mine just one bitcoin could power 22.06 houses for a day, and has a carbon footprint of 309.99 kilograms of CO2, my carbon budget for 45 days.

All this electricity, all this carbon dioxide, for what? What are they good for? According to Bloomberg, mostly speculation. One source said 90 percent of all trading is speculation. We are cooking the planet for speculation.

And now, we learn that Bitcoin miners are setting up in the Permian Basin in Texas, where natural gas is a byproduct of fracking for oil and they are flaring or burning it off. So Crusoe Energy Systems has developed a small gas-fired one-megawatt generator system with a box full of computers so that they can convert that natural gas into carbon dioxide and bitcoins. According to Bloomberg, 70 of these units would consume 10 million cubic feet of gas per day. According to Denver Business Journal,

With the agreement of an oil and gas well owner, Crusoe Energy connects a catalytic converter and generator to the natural gas from the well, cleanly turning it into electric energy powering the computer servers mining Bitcoin. The well owner gets free emissions reduction at a well where the natural gas would typically be flared off into the atmosphere. Crusoe receives free energy with which to mine Bitcoin.

Its a very creative way to solve an environmental and economic problem for the oil and gas industry, says one investor. Its easier to move data than a remote commodity, says the Crusoe founder.

But how does this solve an environmental problem? They were burning the gas before. They are burning the gas now. The only difference is that they are getting a Bitcoin out of it.

So many articles are calling this a solution to flaring, but really, the gas bubble is feeding the speculative bubble and we all lose.

Instead of flaring off gas, they are burning it to run computers that mine bitcoins. Is this any better?

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The gas bubble is feeding the speculative Bitcoin bubble - Treehugger

Securing Your Bitcoin: Casa is Working on It – Product Release & Updates – Altcoin Buzz

Casa is working on securing your Bitcoin. Whats the company willing to do?

In its new official post, Casa claims to have had an amazing year in 2019. In 2020, the company is willing to continue improving its services. Particularly, ensuring that your BTC is safe and sound.

To begin with, Casa will be laser-focused on Keymaster. The latter is a multisig solution. The company also plans to offer an affordable subscription. For $10/month, anyone can take advantage of securing BTC.

We will be open-sourcing the Casa Node so that anyone can build it on their own hardware (and we wont be building new Nodes for now), the company notes.

The reason why the company is working on securing BTC is evident. Its still difficult to protect your hard-traded BTC. As a result, about 4 million bitcoinshave been lost forever. Every year the crypto community is outraged by yet another major crypto hack. In 2019 alone, the malign actors managed to stealover$150 million in cryptocurrency.

To protect BTC, many people resort to weird acts like burying their keys in their yard. Or just leaving their funds in their hot wallets, waiting to be attacked. Trust me you will be, especially if youre a honey-pot.

Holding your own coins, and your own private keys, unlocks the true value and vision of Bitcoin: the ability to have full control and full sovereignty over your money, says Casa.

The advantage of the keymaster in this regard is that it forgives you for making a mistake.

If you lose a key, you simply rotate it out for a new one using the remaining keys you still have, and your bitcoin remains safe, the company claims.

Accordingly, you dont need your seed phrase at all. The upcoming updates include:

The company says that its product the Casa Node was a massive step forward in usability for Bitcoin and Lightning nodes.

According to it, Node 2 is being shipped and is about to reach its customers. Its sold out. Because the company wants to focus on KeyMaster, itll stop selling Casa Node 2 in the near term.

At the same time, the company is planning to fully open source the Casa Node software and its build scripts/images. Thus, anyone can start building the Casa Node on their own hardware!

Lastly, the company is willing to make changes to its Casa Gold membership. From now on, itll only cost $10/month. The sum will be billed annually.

That means 2-of-3 multisig and peace of mind that your bitcoin is safe now costs less than your Netflix subscription, the company notes.

To remind, Charlie Lee, the founder of Litecoin, was one of the original investors of Casa.

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Securing Your Bitcoin: Casa is Working on It - Product Release & Updates - Altcoin Buzz

Open Source Software Market By Top IT Sector like Intel, Epson, IBM, Transcend and Forecast 2020 To 2027 – Expedition 99

A new informative report titled as the global Open Source Software Market has recently published in the extensive repository of Contrive Datum Insights. The global Open Source Software research is often attributed to several applicable business strategies to enlarge the businesses. Additionally, it offers a comparative study of key players along with their business frameworks to understand global competition among those. It offers a complete analysis of market strategies and how those strategic forces affect the market growth. Due to the rising demand of online platforms in businesses, it offers technological advancements and their impacts on businesses. Additionally, it offers insights on changing business scenario, historical records as well as futuristic developments.

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The key players covered in this study: Intel, Epson, IBM, Transcend, Oracle, Acquia, Actuate, Alfresco Software Inc, Astaro Corp, RethinkDB, Canonical, ClearCenter, Cleversafe, Compiere Inc., Continuent Inc.

The report also outlines the sales and revenue generated by the global Open Source Software market. It is broken down in many segments, such as regional, country level, by type, application, and others. This enables a granular view of the market, focusing on the government policies that could change the dynamics. It also assesses the research and development plans of the companies for better product innovation.

This research report also covers:

-Analysis of established and new entrants

-Financial management

-Strategic planning of business resources

-Different case studies and practical evolution from c level professionals

-Applicable tools, methodologies, and standard operating procedures

-Global market forecast

-A detailed elaboration of market segments and sub-segments

-Different risks, challenges, threats and weaknesses in front of the market

-Approaches to discovering global opportunities, customers and potential customers.

The report presents a thorough overview of the competitive landscape of the global Open Source Software Market and the detailed business profiles of the markets notable players. Threats and weaknesses of leading companies are measured by the analysts in the report by using industry-standard tools such as Porters five force analysis and SWOT analysis. The Open Source Software Market report covers all key parameters such as product innovation, market strategy for leading companies, Open Source Software market share, revenue generation, the latest research and development and market expert perspectives.

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To identify the market needs across the global regions, it offers an analytical survey into North America, Latin America, Africa, Europe and Asia-Pacific have been examined to get a clear idea. The global Open Source Software market registers the highest market share in the region. Asia Pacific has a large population, which makes its market potential a significant one. It is the fastest-growing and most lucrative region in the global economy. This chapter specifically explains the impact of population on the global Open Source Software market. Research views it through a regional lens, giving the readers a microscopic understanding of the changes to prepare for.

Table of Contents (TOC):

Part 1 Market Overview

1.1 Market Definition

1.2 Market Development

1.3 By Type

1.4 By Application

1.5 By Region

Part 2 Key Companies

Part 3 Global Market Status and Future Forecast

3.1 Global Market by Region

3.2 Global Market by Company

3.3 Global Market by Type

3.4 Global Market by Application

3.5 Global Market by Forecast

Part 4 Asia-Pacific Market Status and Future Forecast

4.1 Asia-Pacific Market by Type

4.2 Asia-Pacific Market by Application

4.3 Asia-Pacific Market by Geography

4.3.1 China Market Status and Future Forecast

4.3.2 Southeast Asia Market Status and Future Forecast

4.3.3 India Market Status and Future Forecast

4.3.4 Japan Market Status and Future Forecast

4.3.5 Korea Market Status and Future Forecast

4.3.6 Oceania Market Status and Future Forecast

4.4 Asia-Pacific Market by Forecast

Part 5 Europe Market Status and Future Forecast

5.1 Europe Market by Type

5.2 Europe Market by Application

5.3 Europe Market by Geography

5.3.1 Germany Market Status and Future Forecast

5.3.2 UK Market Status and Future Forecast

5.3.3 France Market Status and Future Forecast

5.3.4 Italy Market Status and Future Forecast

5.3.5 Russia Market Status and Future Forecast

5.3.6 Spain Market Status and Future Forecast

5.3.6 Netherlands Market Status and Future Forecast

5.3.7 Turkey Market Status and Future Forecast

5.3.6 Switzerland Market Status and Future Forecast

5.4 Europe Market by Forecast

Part 6 North America Market Status and Future Prospects

6.1 North America Market by Type

6.2 North American Market by Application

6.3 North American Market by Region

6.3.1 US Market Status and Future Prospects

6.3.2 Canadian Market Status and Future Prospects

6.3.3 Mexico Market Status and Future Prospects

6.4 North American Market by Forecast

Part 7. South America Market Status and Future Prospects

7.1 South America Market by Type

7.2 South American Market by Application

7.3 South America Market

7.3.1 Brazil Market Status and Future Prospects

7.3.2 Argentina Market Status and Future Prospects

7.3.3 Columbia Market Status and Future Forecast

7.3.4 Chile Market Status and Future Prospects

7.3.5 Peru Market Status and Future Prospects

7.4 South American Market Forecast

Part 8 Middle East and Africa Market Status and Future Prospects

8.1 Middle East and Africa Market by Type

8.2 Middle East and Africa Market by Application

8.3 Middle East and Africa Markets by Region

8.3.1 GCC Market Status and Future Prospect

8.3.2 North Africa Market Status and Future Prospects

8.3.3 South Africa Market Status and Future Forecast

8.4 Middle East and Africa Market Forecasts

Part 9 Market Features

9.1 Product Features

9.2 Price Features

9.3 Channel Features

9.4 Purchasing Features

Part 10 Investment Opportunity

10.1 Regional Investment Opportunity

10.2 Industry Investment Opportunity

Part 11 Conclusion

2019 by Product Segment, Technology, Application, End User, Future Opportunities and Region till 2026

For More Information: http://www.contrivedatuminsights.com/Home/ProductReport/Global-Open-Source-Software-Market-Size,-Growth,-Analysis-Research-Report-2018-To-2025=841

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Open Source Software Market By Top IT Sector like Intel, Epson, IBM, Transcend and Forecast 2020 To 2027 - Expedition 99

Mattermost Bucks the Trends in the Teamwork Platform Market – CMSWire

PHOTO:Ming Jun Tan

Given the amount of attention Microsoft and Slack receive, you would think they were the only players in the enterprise teamwork platform market. The two share a mutual love of trading barbs, including some uncharacteristic industry humor from Slack when aTwitter postlampooned Microsoft for producing a copycat video. The tit for tat carries on through an ongoing numbers war, which started with Microsoft boasting 20 million daily active users and Slack retorting that Microsoft "forces"users to migrate to Teams but that real engagement was weak.

It would be easy to forget in the midst of all this that a number of other commercial enterprise teamwork platforms were available, including products from OpenText, Tibco, Salesforce, Google, Wrike, even Amazon.

Considering the number of entrants in this competitive landscape, I was surprised to see another contender, Mattermost, spotlighted at the latest Gitlab Commit Conference, where founder and CEO Ian Tien presented what he sees as the unique business opportunity for his company.

Mattermost is different from its competitors in several ways (starting with having an appropriate product name for the market segment).First, it is open source and second, it can be installed as an on-premises server or as a managed cloud service.On the downside, it lacks the unified communications capabilities of its competitors, such as video conferencing and screen sharing.

As an open source solution, Mattermost uniquely appeals to the market segment that prefers open source software over proprietary solutions. These folks contend open source enables a large pool of developers to customize code to unique specifications. Plus, many people believe that open source software is more secure because it can be subjected to the scrutiny of experts who can identify, and therefore patch security holes quickly, instead of relying on a single vendor to find and patch its own flaws.

Where I think the Mattermost approach gets interesting is its decision to enable on-premises installations, which flies in the face of the current market trend to favor cloud solutions over on-premises software.

While cloud software offers many advantages, like scalability, availability, ease of updating and maintaining new versions, to name just a few, Mattermosts on-premises deployment option addresses some organizations typically those in highly regulated industries need for control over sensitive data. Traditional enterprise software companies like OpenText, Cisco and even Microsoft with Skype for Business have provided on-prem servers for years, but it is unusual to see a new contender architect a modern enterprise teamwork platform for on-premises deployment. The last best-of-breed on-premises teamwork platform was Atlassian HipChat (discontinued after Slack acquired its IP). So, is there a real market for an on-prem solution?

Related Article: Slack or Microsoft Teams? Well, That Depends ...

Official Microsoft numbers talk about 20 million active Teams users, which accounts for only 10% of the 200 million Office 365 subscribers.Slack claims 12 million users. Any way you slice it, its early stages for the teamwork / enterprise instant messaging platform market, so the vendor focus to date has been on getting workers to use the tools.

So far, little attention has been given to how team conversations are stored or what happens to them over time. Unlike documents and emails, instant messages are not seen as persistent documents of record. Rather, conversations are considered an ephemeral form of communication, and the need to discover old conversation data for audits or ediscovery is not a priority yet.

But as team conversations gain traction in organizations, they will begin to truly augment, and in some cases, replace email. As such, records management for conversations will soon become a requirement, first for regulated industries, like finance and insurance, and later for verticals where knowledge retention and management are particularly important, such as professional services and local governments.

There are two contemporary approaches to team conversations records management: the first is storing conversations in a vendors cloud and relying on the vendor to provide security and permanent access to the conversation history. Today, the bulk of the market feels comfortable with this approach, since cloud vendors invest considerable resources making sure their clouds are robust, available, and secure, which is much more than most organizations can provide for themselves.

The second approach is the one offered by Mattermost: with an offer to deploy a messaging server on-premises and to retain the historical data from conversations in-house. Based on the current marketing buzz, this seems to be bucking the market trend, but maybe there is a place for such a solution.First, the move to the cloud is (despite the hype) not close to being universal. This is particularly true for organizations with a high degree of customization requirements and a legal, regulatory or philosophical desire to maintain sensitive data in house.

Related Article: Show a Little Respect to Records Managers

As adoption of teamwork software grows and becomes more mainstream, the requirements for conversation records management will begin to surface. At that point, you'll be sure to see more attention paid to discovery, archiving and improved search capabilities from the cloud vendors. How fast this will progress is still uncertain. Until then, organizations with detailed requirements can opt for an in house solution.

In the meantime, sit back and enjoy the ongoing duel between Microsoft and Slack.

A technology strategist, David is fascinated by the interactions linking people, organizations and technology. His specialty is helping organizations determine the appropriate product/market fit and developing creative go-to-market strategies.

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Mattermost Bucks the Trends in the Teamwork Platform Market - CMSWire