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Crypto Price Prediction: Billionaire CEO Reveals Surprise Link Between Bitcoin, Ethereum, Dogecoin,

Bitcoin and cryptocurrency speculation has exploded this year as finance apps roll out crypto support and stimulus cash floods in. The bitcoin price has soared along with so-called meme stocks Tesla, Gamestop and AMC through 2021, though the likes of Facebook have also surged as investors pile into technology companies. In the aftermath of trading restrictions being placed on certain stocks in an attempt to calm markets, "hundreds of millions of dollars" flowed into meme-based cryptocurrency dogecoin, according to the billionaire chief executive of crypto exchange FTX—who has predicted a "convergence" between "crypto and the mainstream." Robinhood is among a raft of stock trading and finance platforms, including payments giant PayPal, that have added support for bitcoin and cryptocurrencies over the last few months. Last week, in its prospectus for its upcoming initial public offering (IPO), Robinhood revealed 17% of its transaction-based revenue came from cryptocurrencies in the first three months of the year, with 34% of that coming from dogecoin alone. Dogecoin, created as a "joke" in 2013, has soared since January to become one of the world's most valuable cryptocurrencies, sporting a market capitalization of around $37 billion. In comparison, bitcoin's market capitalization is currently around $650 billion. "I think we're seeing more and more convergence as crypto gets closer to the mainstream, the mainstream is getting closer and closer to crypto," said Bankman-Fried, adding people are increasingly interested "in trading both stocks and crypto." Based on the text by: Billy Bambrough Mark 2 friends in the comments!

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