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Atos Boosts Quantum Application Development Through the Creation of the First Quantum User Group – AiThority

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Following on from the 6thmeeting of its Quantum Scientific Council, Atos, a global leader in digital transformation, announces that it is continuing to enrich its quantum development ecosystem, through the creation of a global User Group of the Atos Quantum Learning Machine (QLM), which will be chaired by a representative from French multi-national energy company Total. This announcement follows the commercial success of the QLM, the worlds highest-performing quantum programming appliance, allowing for the first time to simulate quantic behaviors. This ecosystem is supported by the Atos Quantum Scientific Council, which includes universally recognized quantum physicists. It is also further enhanced by partners such as leading software company Zapata and start-up Xofia.

Just two years on from its launch in 2017, Atos QLM users continue to grow as the QLM is being used in numerous countries worldwide includingAustria,France,Germany, Ireland, Mexico, the Netherlands,UKand theUnited States, empowering major research programs in various sectors.

Read More: ImmersiveTouch Launches New Personalized VR Imaging Platform into the Radiology Market

The User Group will bring together current QLM customers and their ecosystems of users from around the world, including research centers, universities and global industrial companies. It will be chaired by a representative from Total, Henri Calandra, Expert in Numerical Methods and High Performance Computing. This QLM User Group aims to drive advances in quantum programming and simulation, as well as to develop and enrich collaboration between users and share best practice and support. Feedback will be used to influence Atos QLM evolutions and further enhance the technical support that it provides its customers, paving the road towards the new world of quantum computing.

Atos is committed to enrich its quantum ecosystem and with this, its research program in order to continue to provide researchers worldwide with the right conditions and solutions so that they can take advantage of the innovative opportunities provided by quantum computing. We have some of the worlds leading scientists on our Quantum Scientific Council which, together with our rich base of QLM customers, means we are creating the most advanced quantum ecosystem said Elie Girard, CEO of Atos Now, with the creation of this Group of Atos QLM Users, we are ensuring that we continue to support them to develop new advances in deep learning, algorithmics and artificial intelligence with the support of the breakthrough computing acceleration capacities that quantum simulation provides.

Read More: Test Release of Virtual Graffiti App Kokorobakari for Writing Graffiti and Making Donations Using Blockchains Developed by Profound Design Technology and Saltfish

As President of this new User Group, Total is involved in the advancement of quantum research, together with Atos. Quantum simulationenables us to explore new ways of solving complex problems, improve performance and drive significant technological advances to prepare the future of low carbon energy. This contributes to realizing Totals ambition: to become the responsible energy major, said Marie-Noelle Semeria, Senior Vice President, Group CTO at Total.

The Quantum Scientific Council is made up of universally recognized quantum physicists, including Nobel prize laureate in Physics, Serge Haroche; Research Director, CEA Saclay, and Head of Quantronics, Daniel Estve; professor at the Institut dOptique and Ecole Polytechnique, Alain Aspect; Alexander von Humboldt Professor, Director of the Institute for Theoretical Nanoelectronics at the Juelich Research Center, David DiVincenzo; and Professor of Quantum Physics at the Mathematical Institute, University of Oxford and Singapore, Artur Ekert.

Atos ambitious program to anticipate the future of quantum computing and to be prepared for the opportunities as well as the risks that come with it Atos Quantum program was launched in November 2016. As a result of this initiative,Atos was the first organization to offer a quantum noisy simulation module, the Atos QLM. Earlier this year, it launched myQLM, a free tool that allows a broader ecosystem to get acquainted with quantum programming and discover some features of the Atos QLM.

Quantum computing should make it possible, in the years to come, to deal with the explosion of data, which Big Data and the Internet of Things bring about. With its targeted and unprecedented compute acceleration capabilities, notably based on the exascale class supercomputerBullSequana, quantum computing should also promote advances in deep learning, algorithmics and artificial intelligence for areas as various as pharmaceuticals or new materials.

Read More: Artificial Intelligence Will Facilitate Growth of Innovative Kinds of VR and AR Platforms

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Atos Boosts Quantum Application Development Through the Creation of the First Quantum User Group - AiThority

WireGuard to be merged with Linux net-next tree and will be available by default in Linux 5.6 – Packt Hub

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On December 9, WireGuard announced that its secure VPN tunnel kernel code will soon be included in Linux net-next tree. This indicates, WireGuard will finally reach the mainline kernel with the Linux 5.6 cycle kicking off in late January or early February!, reports Phoronix.

WireGuard is a layer 3 secure networking tunnel made specifically for the kernel, that aims to be much simpler and easier to audit than IPsec.

On December 8, Jason Donenfeld, WireGuards lead developer sent out patches for the net-next v2 WireGuard. David Miller has already pulled in WireGuard as the first new feature in net-next that is destined for Linux 5.6 now that the 5.5 merge window is over, the email thread mentions.

While WireGuard was initiated as a Linux project, its Windows, macOS, BSD, iOS, and Android versions are already available. The reason behind the delay for Linux was that Donenfeld disliked Linuxs built-in cryptographic subsystem citing its API is too complex and difficult.

Donenfeld had plans to introduce a new cryptographic subsystem his own Zinc library. However, this didnt go down well with several developers as they thought that rewriting the cryptographic subsystem was a waste of time. Fortunately for Donenfeld, Linus Torvalds was on his side.

Torvalds stated, Im 1000% with Jason on this. The crypto/model is hard to use, inefficient, and completely pointless when you know what your cipher or hash algorithm is, and your CPU just does it well directly.

Finally, Donenfeld compromised saying, WireGuard will get ported to the existing crypto API. So its probably better that we just fully embrace it, and afterward work evolutionarily to get Zinc into Linux piecemeal. Hence a few Zine elements have been imported into the legacy crypto code in the next Linux 5.5 kernel.

This laid the foundation for WireGuard to finally ship in Linux early next year. WireGuard works by securely encapsulates IP packets over UDP. Its authentication and interface design has more to do with Secure Shell (SSH) than other VPNs. You simply configure the WireGuard interface with your private key and your peers public keys, and youre ready to securely talk.

After the arrival, WireGuard VPN can be expected to become the new standard for Linux VPNs with its key features, namely, tiny code-size, high-speed cryptographic primitives, and in-kernel design. With being super-fast, WireGuard for Linux would be secure too as it supports state-of-the-art cryptography technologies such as the Noise protocol framework, Curve25519, BLAKE2, SipHash24, ChaCha20, Poly1305, and HKD.

Donenfeld in the email thread writes, This is big news and very exciting. Thanks to all the developers, contributors, users, advisers, and mailing list interlocutors who have helped to make this happen. In the coming hours and days, Ill be sending followups on next steps.

ArsTechnica reports, Although highly speculative, its also possible that WireGuard could land in-kernel on Ubuntu 20.04 even without the 5.6 kernelWireGuard founder Jason Donenfeld offered to do the work backporting WireGuard into earlier Ubuntu kernels directly. Donenfeld also stated today that a 1.0 WireGuard release is on the horizon.

To know more about this news in detail, read the official email thread.

WireGuard launches an official MacOS app

Researchers find a new Linux vulnerability that allows attackers to sniff or hijack VPN connections.

NCSC investigates several vulnerabilities in VPN products from Pulse secure, Palo Alto and Fortinet

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WireGuard to be merged with Linux net-next tree and will be available by default in Linux 5.6 - Packt Hub

Global Quantum Cryptography Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2025 – PR Industry News

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The Quantum Cryptography Market report gives a purposeful depiction of the area by the practice for research, amalgamation, and review of data taken from various sources. The market analysts have displayed the different sidelines of the area with a point on recognizing the top players (ID Quantique, SeQureNet, Quintessence Labs, MagiQ Technologies, Toshiba, QuantumCTek, Qasky) of the industry. The Quantum Cryptography market report correspondingly joins a predefined business market from a SWOT investigation of the real players. Thus, the data summarized out is, no matter how you look at it is, reliable and the result of expansive research.

This report mulls over Quantum Cryptography showcase on the classification, for instance, application, concords, innovations, income, improvement rate, import, and others (Financial, Government, Military & Defense, Others) in the estimated time from 20192025 on a global stage. In like manner, the overall Quantum Cryptography market report reveals knowledge identified with the type of product, its applications, customers, prime players, and various components agreeing with the account. This first data demonstrates critical contenders and their definite picture of the general Quantum Cryptography market. Other than this, the report further demonstrates expected market power, challenges, and prospects in the Quantum Cryptography market.

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The scope of the report extends from market eventualities to a comparative rating between major players, price, and profit of the required market regions. This makes available the holistic view on competitive analysis of the market. Some of the top players involved in the market are profiled completely in a systematic manner. In the end, the report concludes the new project, key development areas, business overview, product/services specification, SWOT analysis, investment feasibility analysis, return analysis and development trends. The study also presents a round-up of vulnerabilities in which companies operating in the market and must be avoided in order to enjoy sustainable growth through the course of the forecast period.

The study provides a comprehensive analysis of the key market factors and their latest trends, along with relevant market segments and sub-segments. Market size is calculable in terms of revenue (USD Million) production volume during the forecast period.

Global Quantum Cryptography Market report provides a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. The report also looks at the influential factors that are affecting the development of the Global Automotive Bumpers Market. This statistical report also offers various internal and external driving as well as restraining factors for this research report.

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Essential application areas of Quantum Cryptography are also measured on the basis of their performance. Market forecasts along with the statistical nuances presented in the report render an insightful view of the Quantum Cryptography market. The market study on report studies present as well as coming aspects of the Quantum Cryptography Market mainly based upon factors on which the companies contribute to the market evolution, key trends, and segmentation analysis.

The scope of the report extends from market eventualities to a comparative rating between major players, price, and profit of the required market regions. This makes available the holistic view on competitive analysis of the market. Some of the top players involved in the market are profiled completely in a systematic manner.

Thanks for reading this article; you can also get individual chapter wise section or region wise report versions like North America, Europe or Asia.

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Global Quantum Cryptography Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2025 - PR Industry News

What are security keys, how do they work, and which is the best to buy? – Pocket-lint

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If you use two-factor authentication (also known as 2FA) on your online accounts, you may want to switch to a hardware security key instead.

When 2FA is enabled and you attempt to log into your account, like Twitter, a temporary code will be sent to your phone. You need to enter this code to sign in to your account. Since only you should have access to your phone/code (one factor) and your login credentials (the second factor), two factor essentially verifies your identity and ensures only you are logging into your account.

There are downsides to two-factor authentication. If you lose your phone, or if it's breached by a hacker who's swapped your SIM or somehow gained access to your device, they'll obviously be able to retrieve your code and potentially use it to hack into your account (especially if they also know your login credentials). Luckily, a security key can help you avoid this nightmare.

Hardware security keys (also called security keys, U2F keys, or physical security keys) add an extra layer of security to your online accounts. They protect against automated bots and targeted attacks by leveraging cryptography to verify your identity and the URL of a login page. They're therefore phishing-resistant, too, as they can ascertain whether you're trying to log into alegit service.

Security keys connect to your device via USB-A, USB-C, Lightning, NFC, and Bluetooth, and they're portable enough to be carried on a keychain. Most of them use an open authentication standard, called FIDO U2F (or the improved FIDO2 standard), and some even feature hardware that's designed to resist physical attacks aimedat extracting firmware and material from the key itself.

Hardware security keys are made by various manufacturers and work with the most popular web browsers, as well as hundreds of apps and online services. They can even help you log in to your workstation.Overall, they'renot hard to use and are relatively inexpensive. And all other forms oftwo-factor authentication (texts, authenticator apps, and notifications) don't offer the same level of protection.

You can use a single hardware security key for as many accounts as you like. Typically, you insert the security key into your device (or wirelessly connect it) and press a button on the key itself. The security key will then be presented with a challenge by your web browser or app. It will cryptographically sign this challenge, verifying your identity and whatever it is you're trying to access.

All this sounds complicated. But it happens in the background without any input from you, other than you inserting the hardware security key into your device. Hardware security keys also use original domains of sites to generate its keys, which means it can't be tricked by phishing sites.

Many online accounts, apps, services, and websites support hardware security keys, including Twitter, Facebook, Google, Instagram, GitHub, Dropbox, Electronic Arts, Epic Games, Microsoft account services, Nintendo, Okta, and Reddit. Most web browsers do too, like Google Chrome.

Be sure to do your research - look into whether your most-used online accounts and even whether your devices support security keys before you invest in one.You can use hardware security keys to log in to many computers and mobile devices, including Macs, Chromebooks, Windows 10 PCs, and Android and iOS devices. The FIDO2 standard on some security keys can work with Windows Hello and Microsofts Edge browser, too.

Your hardware security key works in addition to your account login credentials. So, if someone steals your key, they can't get into your accounts without knowing your logins. Also, if you've lost your security key, you can always resort to a backup method of two-factor authentication. You can then gain access to your online account, remove your lost or stolen security key, and either add another or continue using a backup method.

All hardware security keys tend to work the same, as we've detailed above, but setting them up varies by app and device. To give you an idea of how one works with an online account, we've detailed the exact steps for pairing a security key with Facebook and signing into your account.

There are several choices to choose from. Yubico, which helps develop is the FIDO U2F authentication standard, is one of the more popular options and has different models available. Google sells its own key, called the Titan, and it includes a spare key with Bluetooth functionality. Other security key manufacturers include Kensington and Thetis.

Here's our pick of the best ones you can buy:

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What are security keys, how do they work, and which is the best to buy? - Pocket-lint

When Might Bitcoin Be Ready To Resume Its Bull Trend? – Yahoo Finance

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Two weeks ago, Bitcoin completed a 61.8% Fibonacci retracement ($7,231.40) off the June high as it fell to a low of $6,526. That low put it 52.9% below the 2019 peak.

Bull Flag pattern

The price correction since the June high has been normal and well-constructed, forming a potential bull flag trend continuation pattern. This can be seen as the falling parallel trend channel in the enclosed charts.

BTC/USD Weekly Chart

Given the significant advance in the first half of the year, and the related signs of a trend change from bearish to bullish, Bitcoin has a good chance of eventually triggering a continuation of the new bull trend. The 2019 rally exceeded several prior swing highs and the 10-week exponential moving average (ema) crossed back above the 34-week ema.

Have we seen the bottom?

The question now is, has the bottom of the retracement been reached or might Bitcoin pullback further than it has so far? Theres no way to know this ahead of time but we can identify some important price levels to watch going forward.

As long as price stays above the $6,526 swing low, there is a chance for an upside breakout of the bull flag. If the falling trend channel is to further evolve and retain its general shape, a move up to at least the top trend line seems possible in the near-term.

BTC/USD Daily Chart

A decisive daily close above the downtrend line is the first sign that a bullish breakout of the flag could be in the works. At that point, additional signs of strength will be needed. Watch for a daily close above the most recent swing high of $10,540.49 for confirmation of a bullish breakout. There is also a monthly high at $9,600 from November. Bitcoin has not had a move above a prior month high since the June peak. A move above a prior month high would be an additional sign of a change in the downtrend pattern, to an uptrend.

If we see further weakness

Alternatively, notice that the 10-week ema has just crossed below the 34-week ema, after being above it since early-May. By itself this is bearish, and supports a bearish scenario if Bitcoin falls below the most recent swing low, thereby triggering a continuation of the downtrend off the 2019 high. If that occurs, next watch for signs of support around the $5,900 to $5,427 (78.6% Fibonacci retracement) price zone, and then for indications of a bottom and subsequent bullish reversal.

Bruce Powers, CMT

This article was originally posted on FX Empire

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When Might Bitcoin Be Ready To Resume Its Bull Trend? - Yahoo Finance

Max Keiser: Bitcoin’s First Function Is to Clean Up the Mess Left by Fiat – Cointelegraph

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International journalist and media defender of Bitcoin Max Keiser gave a presentation at Labitconf in Montevideo, Uruguay, in which he explained the impact that cryptocurrencies generate in the global scenario and particularly in the Latin American region.

With a talk entitled "Why Bitcoin Matters in Emerging Markets," Keiser took the stage in his casual style, with a sports jacket and shorts, but mainly with a very critical tone towards trust money and the traditional economic and financial system.

Keiser stressed that Bitcoin's first function is to clean up the mess left in the world by fiat money. One of the points he highlighted during the presentation was: "The inherent violence of fiat money must be replaced by the peaceful nature of Bitcoin."

On the other hand, he noted that politicians in the United States are beginning to take into account what cryptocurrencies are all about, and quoted Representative Brad Sherman, who had acknowledged that Bitcoin's purpose is to take their power away.

For Keiser, "Bitcoin is the currency of a global revolution and the nightmare of trust money," as he put it during Labitconf, it's resistance money."

On the other hand, he said that when we talk about regulations and regulators, we have to bear in mind that these regulators are paid in fiat money.

Keiser also took the opportunity to talk about Argentina, saying that Argentina is a good place to adopt Bitcoin as the country has lived through recurrent times of economic and social crisis in recent decades.

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Max Keiser: Bitcoin's First Function Is to Clean Up the Mess Left by Fiat - Cointelegraph

Why Bitcoin Price Is Headed to 7-Month Low If $7K Support Fails – Cointelegraph

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For the past few days, Bitcoin price (BTC) has ranged between $7,400 to $7,100 and it seems bears are keen to push the price back below $7,000 before this week closes.

Earlier in the week, MATIC made headlines after dropping more than 60% in the span of a few minutes and a few other Binance IEO tokens followed with double-digit losses.

Fast forward to today and many altcoins are back to producing double-digit gains on their BTC pairs. At the time of writing FunFair (FUN) is up 26.6%, WAVES 15.31% and THETA 12.36% and thats just pointing out a select few.

Crypto market weekly performance. Source: Coin360

Meanwhile, Bitcoin appears bearish on the 1-hour to the weekly timeframe and barring quick day trades the price action leans towards bears and pales in comparison to what is happening with altcoins.

Interestingly, despite Bitcoins bearish bias, Bitfinex longs have increased significantly (56%) since Nov. 22 and this shows that many traders believe the decrease in selling pressure and the last major drop to $6,530 on Nov. 25 was the bottom.

The current price action suggests otherwise, and savvy traders will recall what usually happens when either long or short positions skyrocket.

BTC USD Longs chart. Source: TradingView

In the event that BTC falls below $7,080 and $6,800, many analysts expect the price to drop to $6,500 where the price made a local bottom on Nov. 25. This would place Bitcoin price at the lower descending channel trendline. However, the volume profile visible range (VPVR) shows a lack of support in this area.

BTC USD daily chart. Source: TradingView

In the daily timeframe, the moving average convergence divergence histogram (MACD) shows momentum beginning to wane and the signal line has flattened as the price is pinched between $7,150 and $7,300.

As mentioned in the previous analysis, the VPVR suggests that demand does not really kick in until $6,000 and more so around $5,530.

Willy Woos Bitcoin NVT Signal shows Bitcoins realized price at $5,619 just a hair away from the $5,530 high volume node of the VPVR and $89 away from Bitcoins realized value at $5,619.

Bitcoin NVT Signal. Source: charts.woodbull.com

Regarding Bitcoins short-term price action, the digital asset continues to post lower highs and is capped below the 12-period exponential moving average (EMA).

BTC USD 6-hour chart. Source: TradingView

The $7,300 level is proving to be tough resistance to overcome and currently $7,150 and $7,080 are acting as support. If Bitcoin fails to hold these levels, the next expected step is a drop to $6,800.

Before opening a position, traders should look for the price to cross above the 12-EMA and the previous lower high at $7,400.

BTC USD weekly chart. Source: TradingView

A glance at the weekly timeframe also shows BTC/USD hovering slightly above the 100-WMA ($7,000) for the second week in a row. $7,600 is clearly shown as a point of challenge and any high volume breakout will need to sustain above this level.

The lower Bollinger Band arm lines up with the bottom descending channel trendline at $6,466 and as mentioned earlier, $5,330 appears to be the next strong level of support.

Throughout this week, traders should keep an eye on the $7,080 price level and the BTC/USD Longs at Bitfinex.

The views and opinions expressed here are solely those of the author (@HorusHughes) and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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Why Bitcoin Price Is Headed to 7-Month Low If $7K Support Fails - Cointelegraph

Bitcoin Price Prediction: BTC/USD faces one prominent resistance in the journey to $8,000 – FXStreet

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Bitcoin approached the support at $7,000 in a renewed downward momentum. The support expected at $7,200 failed to hold once again. However, a shallow recovery has pulled BTC above $7,100 and is dancing at $7,1450.

The cryptocurrency live rates show Bitcoin trading 0.72% lower on the day. The current trend is strongly bearish but volatility levels have remained low.

The confluence tool places the initial resistance at $7,189 as highlighted by the Bollinger Band 15-minutes middle, SMA 10 15-mins, previous high 15-mins, previous high 1-hour, Fibonacci 23.6% one-day, SMA ten 1-hour and the pivot point one-week support one among other indicators.

If the bulls manage to reclaim the lost ground above $7,200, further movement north will face a medium-strong resistance at $7,263. The indicators converging here include the SMA 50 1-hour, SMA 200 15-mins. Fibo 23.6% one-week and the Bollinger Band 1-hour upper.

The most prominent resistance is the zone at $7,412 and is home to the SMA 100 4-hour, pivot point one-day resistance three, BB one-day middle, SMA 100 1-hour, SMA ten one-day and the SMA 200 1-hour.

When support areas are considered, Bitcoin is in grave danger of sinking towards $6,000. To avert the potential drop, the bulls must ensure that they defend $7,000 support and focus on $8,000. Subtle support can be seen at $70,40, $6,817 and $6,594.

More confluence levels

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Bitcoin Price Prediction: BTC/USD faces one prominent resistance in the journey to $8,000 - FXStreet

Bitcoin (BTC) Continues to Increase in Popularity on Dark Web – U.Today

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EconomicsprofessorJohnGriffin recently rang alarm bells over the impact of Bitcoin whales on the Bitcoin market.

Griffin told Bloombergthat a few large players could easily push the BTC price down at a whim.

"The problem with a few large players holding crypto is that when they sell they can easily push the price down, which makes the market susceptible to rapid swings."

According to data released by CoinMetrics, the number of orange coins controlled by deep-pocketed Bitcoin investors reached its highest point in four years in 2019. As of December, a whopping 42.1 percent of Bitcoin's total circulating supply is stored in wallets that hold between 1,000 and 1 mln BTC.

While crypto exchanges are known to be the owners of the richest Bitcoin addresses, investorAaron Brown warms some of the new whales on the block are family offices andaffluent individuals who are not exactly keen Bitcoin believers who might be tempted to jump ship if things turn south.

I doubt they have infinite patience, and without significant growth in actual use, I would expect them to quietly withdraw to chase other promising technologies, Brown said.

Speaking of those who don't believe in Bitcoin, Griffin probably takes the cake as one of the most prominent naysayers. Back in June 2018, together with his colleagueAmin Shams, he published a paper that explores how Tether was allegedly responsible for propelling Bitcoin to new highs during the peak of the previous bull market in December 2018.

At the beginning ofNovember, the two academicscame up with an even more shooking claim-- the historic ascent of Bitcoin to its current all-time high of $20,000 was the deed ofa single whale on Bitfinex, the affiliated exchange of Tether.

Tether dismissed the updated study as a puff piece that was meant to back up a $1.4 trln lawsuit against the flagship stablecoin issuer.

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Bitcoin (BTC) Continues to Increase in Popularity on Dark Web - U.Today

Bitcoin price could hit $500,000 in 10 years, better than gold: Yusko – Business Insider

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Nothing seems to conjure up a more visceral reaction amongst investors than talk of cryptocurrency. Specifically, bitcoin.

The divide between those who think that bitcoin is a nefarious scam and the ardent HODLers a slang term the crypto community has bestowed upon those with a buy-and-hold approach is massive. Some say crypto is the way of the future and will revolutionize the world, while others see its implosion in the near future.

It's safe to say that Mark Yusko CEO and chief investment officer at Morgan Creek Capital Management, where he oversees $1.5 billion aligns his views with the former.

"Blockchain technology and bitcoin in particular, as the first manifestation of blockchain technology is really still in its infancy," he said in an exclusive interview with Business Insider. "It really is about the growth mindset and focusing on the venture capital upside or the asymmetric upside of the asset at this point."

It's important to note that Yusko didn't always have deep convictions in the cryptocurrency space. In fact, he started out extremely skeptical. However, when he started learning more about the space, growth metrics, and the potential bitcoin had to uproot the traditional finance system he became comfortable with an investment.

Today, he's all in.

"The key to bitcoin is the network," he said. "It grows in proportion to the inverse of the sum of the squares of the number of participants. That's Metcalfe's Law."

Put briefly, the network becomes more valuable as adaptation grows and bitcoin's network is exactly where Yusko sees pay dirt.

He notes that the number of wallets that own bitcoin has gone up every year for 11 years, the transaction rates along with the number and size of blocks have been increasing, and the annual low-price for bitcoin has been higher 10 out of 11 years.

"All of the fundamentals of the value of the network are rising and they're rising exponentially," he said. "And so you're getting this parabolic growth curve."

But that's not the end of his forecast.

According to Yusko, this network which he says is the most powerful and secure computing network in the history of mankind will help to reduce income inequality.

"The government and the elites want to have all the wealth, so they manufacture inflation and the wealth flows to top," he added. "And that's why we have the greatest wealth inequality in the history of mankind."

He continued: "Bitcoin helps solve that because now we can opt-out as an owner of assets from that fiat system."

With all of that under consideration, Yusko bolsters his thesis with a gold comparison. He says bitcoin "is even better than gold."

Theoretically speaking, since there are a finite number of bitcoins available 21 million it should serve as a better store of value than gold, which can be mined at any time. This additional level of scarcity makes bitcoin more valuable in Yusko's eyes and that's barring the cumbersome nature of hoarding physical gold from the conversation.

"Between now and 2021, we're likely to see $100,000 bitcoin," he said. "By 2025, we're likely to see $250,000 bitcoin, and then sometime out 2030 we could see $400,000 or $500,000 bitcoin as it reaches gold equivalence."

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Bitcoin price could hit $500,000 in 10 years, better than gold: Yusko - Business Insider


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