Blockstream co-founder and CEO Adam Back still expects Bitcoin to reach $100,000 by the end of this year. Adam Back made his statement on the social network Twitter, in response to a message from cryptocurrency blogger Heidi Chakos. She wrote that during the next bull market, the price of Bitcoin could easily exceed $100,000. Back said he saw no reason why this should not happen by the end of the year.
Opening up to new technologies, is not just about thinking outside the box, but breaking down the established framework and realizing that this is a new time for all global business..Eric Adams
At the beginning of the year, when Adams first took over as mayor, he announced that he was converting his first salary into Bitcoin and Ether. His administration was intent on making New York a hub for cryptocurrencies and financial innovation. During the campaign, Adam made cryptocurrencies his central theme, stating that he believes in digital currencies and the freedom they bring.
Adams said that his office is actively working with government partners to assess the situation around digital assets to ensure compliance with standards, as in the traditional financial system.
Money is a very powerful tool with which governments can influence each other, geopolitics and much more. The dollar is one of the strongest instruments the US has at its disposal.Changpeng Zhao CEO of Binance
The fracturing of the global community, according to Binance's CEO, leads to even higher adoption of cryptocurrencies:
The world is becoming more divided. Guess what will happen when this trend intensifies? People will seek to use the currency as a tool to circumvent sanctions and other operations.Changpeng Zhao CEO of Binance
The entrepreneur believes that with the help of the blockchain, the same interaction can be reproduced in Web2 projects. The head of FTX criticized the moderation policy on popular social media.
The three guys who run the digs decide what gets censored and what doesn't..Sam Bankman-Fried CEO of FTX
FTX has a working model in place that allows different platforms to access the same pool of data to make independent censorship decisions, he says, and those decisions are the same for everyone. Such a model would help new platforms catch up with existing ones, instead of building their own policies from scratch. Bankman-Fried proposes to establish a single standard for Web2 projects using blockchain, which would significantly speed up the interaction of sites and social networks with each other, helping to focus on aspects that are more important for development. Recall that on Monday, the head of the American branch of FTX Brett Harrison (Brett Harrison) said that the cryptocurrency market will not reach the level of the stock market without the launch of spot derivatives.
Experts advise not to place more than 20% of the investment portfolio in companies in one sector of the economy and no more than 5% in shares of one company. If crypto companies do enter the S&P 500 in the future, investors will have a significantly expanded choice. In addition, shares of cryptocurrency companies can act as a hedging asset, the investor believes. O'Leary said that he now has 32 different cryptocurrencies and tokens in his portfolio, including Solana, bitcoins and Polygon tokens. The investor limits the share of cryptocurrencies to no more than 20% of the portfolio, and no asset in his portfolio exceeds 5% of the total amount. The investor expects that shares of companies from the crypto industry will enter the S&P 500 index in the next decade.
Bitcoin is not just a coin, it is software. Just like altcoins. If you believe that software can have long-term economic value, you can allocate up to 5% of your operating budget. I have made the largest investments in assets that I think have excellent economic prospectsexplains Kevin O'Leary
Ethereum co-founder Vitalik Buterin donated 700 Ether coins to Ukraine, which has been at war with Russia since February 24. The Aid For Ukraine, an initiative of the crypto community that collects and tracks donations during the war, revealed this development, otherwise Buterin remained silent about his gesture. Currently, 700 ETH is almost ...
Mark Zuckerberg's company Meta is considering launching its own cryptocurrency, this time not in a regulated traditional market, but in the metaverse. Meta, the parent company of social media giant Facebook, plans to introduce tokens and digital currency into its ecosystem and provide lending services for apps including Facebook, WhatsApp, Instagram and Messenger.
US Treasury Secretary Janet Yellen is notorious for not being too friendly with cryptocurrencies, but that seems to be starting to change. She acknowledged that digital currencies have significant benefits. During the Squawk Box program on CNBC, Janet Yellen noted that cryptocurrencies have many technological and social advances and benefits.
A senior commodities analyst at Bloomberg Intelligence called for attention to the decline in Bitcoin volatility as a signal of its imminent growth. Mike McGlone, in an interview with crypto blogger Scott Melker on Wolf of Wall Street, opined that Bitcoin is now laying the groundwork for a quick spurt that will "send it to the moon."
Fundstrat co-founder Tom Lee sees a positive future for cryptocurrencies. In his opinion, money from risky stocks and bonds will continue to flow into cryptocurrencies amid rising base rates.