Relevant:
- Bitcoin: What's driving the frenzy (OVER $16k--THANKS FOR THE TRASH TALK, GREENSPAN ET AL?)
- Fundstrat's Tom Lee says he's a buyer of the bitcoin pullback, Targets $20k
- Bitcoin price drops as Coinbase allows bitcoin cash trading
- Bitcoin price rallies to hit a one-month high, but volatility ahead with another network
- Bitcoin is nearing its all-time high on ETF anticipation
2017-08-14 — bloomberg.com
"Up until now a lot of people didn't really believe bitcoin could go any higher until the scaling issue is resolved," said Arthur Hayes, Hong Kong-based founder of bitcoin exchange BitMEX. "With this actually being implemented on protocol, theoretically the amount of transactions that can be processed at a reasonable speed is going to be much higher, so a lot of people are very bullish about bitcoin now."
...
The cryptocurrency's staggering price surge has bolstered related businesses. Digital currency exchange Coinbase Inc. announced Thursday it's received a $100 million investment. The supply of bitcoin is capped at 21 million, compared with 16.5 million that had been mined as of Saturday, according to blockchain.info.
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