rom the potential impact of Bitcoin’s increasingly limited supply to an update

on Ethereum 2.0, here’s a look at some of the stories breaking in the world of
crypto.

Bitcoin

Crypto analyst and author of Cryptocurrencies Simply Explained, Julian Hosp,

says a metric known as the stock-to-flow ratio indicates Bitcoin is on a
trajectory to $1 million over the next 10 years.

The ratio calculates the current supply of a given commodity divided by the
amount produced per year in order to predict future value. When using the
ratio to determine where Bitcoin may be heading, the leading
cryptocurrency’s limited supply of 21 million coins emerges as a key factor. In
the short term, Hosp says the model shows that Bitcoin’s upcoming halving,
which will cut the block reward given to miners in half in 2020, should boost
the price of BTC from $100,000 to as high as $300,000.

“Suddenly, we will have way less production… So by halving this, in order to keep
the ratio stable, just from that the price [of Bitcoin] needs to double. But we are
so much lower right now in the stock-to-flow ratio compared to gold, that if we
get closer and closer to [gold’s ratio], the price should actually go to a $100,000
– maybe even $300,000. And then we would have a setback similar to how we
always have these setbacks, to around $40,000.
As Bitcoin’s supply continues to dwindle over the next 10 years, Hosp says the
price of 1 BTC is projected to climb to $1 million.

“You can see this in the entire calculation going up here. What we always have
with this halving, we always have this move up… Obviously over time, we would
get to a million here. And this is something that will be the long-term interesting
part. By 2030, in this kind of example here, we would reach – that’s over the next
10 years – $1 million.
Hosp says the ratio has proven to be remarkably accurate when looking at
Bitcoin’s past price history.

This entire stock-to-flow value is actually 95% correct over the past years. And
this is crazy, if you think about it. It’s such an accurate predictor. It would have
predicted the 2014 bubble. It would have predicted the 2016 undervaluation. It
would have predicted all of that… You could have seen the 2017 bubble going up
here, and you would have seen the undervaluation now in this [past] summer.”
Ethereum

Ethereum scaling solution developer Prysmatic Labs just released a new

update on Ethereum 2.0.
Prysmatic outlines a number of milestones and says new developers are
welcome to come on board for testing.
“We are always looking for devs interested in helping us out. If you know Go or
Solidity and want to contribute to the forefront of research on Ethereum, please
drop us a line and we’d be more than happy to help onboard you :).
Check out our contributing guidelines and our open projects on Github. Each
task and issue is grouped into the Phase 0 milestone along with a specific project
it belongs to.”

Ripple and XRP

Ripple’s global hiring spree continues. The company is now hiring a new
account manager in Dubai.