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 \u201cpyramid scheme,\u201d citing his sentiment that you can \u201conly make money [with BTC] based on people who enter after you.\u201d<\/p>\n
But, a recent transaction recently was processed on the world\u2019s foremost blockchain that seemingly proves that the cryptocurrency has real-world value.<\/p>\n
As first spotted by Twitter user “Krisma,”<\/a> a Bitcoin address recently moved 146,500 Bitcoin in a single transaction, which amounts to approximately $1 billion worth of value.<\/p>\n 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.<\/p>\n Someone just moved 146,500 BTC ($1B) in one TXhttps:\/\/t.co\/HgWzePugXN<\/a><\/p>\n — Krisma (@KRMA_0) April 10, 2020<\/a><\/p><\/blockquote>\n\n