$1 billion in Bitcoin sent for $0.70. 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 “pyramid scheme,” citing his sentiment that you can “only make money with BTC based on people who enter after you.”
But, a recent transaction recently was processed on the world’s foremost blockchain that seemingly proves that the cryptocurrency has real-world value. One of Bitcoin addresses has recently moved 146,500 Bitcoin in a single transaction, which amounts to approximately $1billion worth of value.