New US President Joe Biden may appoint former CFTC chairman Gary Gensler, who is well versed in the cryptocurrency industry, as SEC chairman.

US President-elect Joe Biden plans to appoint Gary Gensler as chairman of the US Securities and Exchange Commission (SEC), according to a Reuters publication citing two anonymous sources familiar with the matter. Gensler was chairman of the Commodity Futures Trading Commission (CFTC) from 2009 to 2014.

Major American investor and fund manager Bill Miller spoke again about Bitcoin and said that as the price of BTC rises, the associated risks will decrease.

In an interview on CNBC, Bill Miller commented on the rise of Bitcoin and expressed his attitude towards the first cryptocurrency:

"One of the things that's interesting about Bitcoin is that it gets less risky the higher it goes," Miller told CNBC Friday. "That's the opposite of what happens with most stocks."

Hugh Karp, founder of the DeFi platform Nexus Mutual, revealed details about a recent hack in his wallet, which resulted in the loss of 370,000 NXM worth $ 8.4 million.

According to Scott Minerd, investment director of Guggenheim Partners, fundamental analysis carried out by the firm's specialists speaks of the fair price of Bitcoin at $400,000.

The head of the European Central Bank (ECB) Christine Lagarde noted the advantages of state digital currencies and expressed concerns about the spread of stablecoins.

In an article posted on the ECB's website, Lagarde stressed that the digital euro could be a substitute for paper money. Such a digital currency will help preserve "monetary independence" in the region and unify the economies of various countries, as well as "become a symbol of European integration."

Global Macro Investor CEO Raoul Pal has placed an order to sell all of his gold to invest in BTC and ETH.

Raoul Pal announced this on Twitter and clarified that in addition to gold, there are some bonds and US dollars in his portfolio. The money received from the sale of gold, Pal is ready to invest in bitcoin and ether at a ratio of 80 to 20.

American billionaire and former hedge fund manager Stanley Druckenmiller believes that investing in Bitcoin will be more profitable than investing in gold.

During his speech on CNBC, Druckenmiller noted the stabilization of the cryptocurrency market and the noticeably reduced volatility of the first cryptocurrency. Now, according to Druckenmiller, investing in Bitcoin is not that much different from investing in gold. 

MicroStrategy CEO Michael Saylor said his company will not sell BTC for 100 years as Bitcoin is the best way to store value.

In mid-August, MicroStrategy announced the purchase of 21,454 BTC for $ 250 million, becoming the first US public company to invest a significant portion of its reserves in this digital asset. In an interview with Real Vision CEO Raoul Pal, Sailor said the decision to invest the large sum in Bitcoin was made in conjunction with the firm's board of directors, investors, auditor and executives. Sailor clarified that he does not view Bitcoin as a market speculation or hedging tool. The company deliberately acquired this cryptocurrency to gradually introduce Bitcoin into the financial system.

In the monthly issue of the digest on the cryptocurrency market, Bloomberg analyst Mike McGlone said that within 5 years the Bitcoin rate could exceed $ 100,000.

Judging by the document, the logic of the analyst is extremely simple - the Bitcoin rate on long-term charts is constantly growing. In 2011, BTC was worth about $ 10, in 2013, it reached $ 1,000, and it took four years to conquer the $ 10,000 mark in 2017. That is, the growth rate on a logarithmic scale is slowing down and it will take eight years, not four, to conquer the next mark. Considering that three years have already passed, BTC will reach $ 100,000 by 2025.

American entrepreneur and author of the book "The Price of the Future" Jeff Boothhas called Bitcoin a must-have asset for investment in the current financial situation.

Jeff Boothhas writes that even before the COVID-19 pandemic, the combined public debt of all countries in the world was $ 250 trillion, with a total global annual GDP of $ 135 trillion. At the same time, $ 185 trillion of debt has been accumulated over the past 20 years. After the pandemic, the situation got worse.

According to the analytical portal Coinmetrics, the boom of decentralized financing projects also affects stablecoins - the capitalization of the stable cryptocurrency market is growing by about $ 100 million per day.    

Anthony Pompliano, a cryptocurrency enthusiast and co-founder of Morgan Creek Digital, said that Bitcoin's capitalization will exceed that of gold by 2030.

This statement Anthony Pompliano made on Twitter. At the same time, Peter Schiff, a fan of investment in gold, known for provocative tweets, did not stand aside.

The founders of the Gemini cryptocurrency exchange Cameron and Tyler Winklevoss believe that Bitcoin is much more reliable than gold, because there are huge reserves of this metal on asteroids.

Popular trader Dave Portnoy interviewed the Bitcoin billionaires of the Winklevoss, in which they stated that Elon Musk will someday mine gold from asteroids, so it is better to invest in Bitcoins. The value of Bitcoin and gold is in the limited supply of these assets, but if gold is mined in space, then its price will collapse.

Michael Sonnenshein, managing director of Grayscale Investments, believes that approving Bitcoin traded exchange traded funds (ETFs) is just a matter of time.

"We think the launch of ETFs on Bitcoin is a matter of time. Regulators have done an excellent job, they are trying to stay on the cutting edge of the development of digital assets as a class," said Sonnenshein in an interview with Anthony Pompliano, founder of Morgan Creek Digital.

According to the latest report from the Kraken cryptocurrency exchange, a 31% drop in Bitcoin trading in June led to BTC's annual volatility reaching a six-month low.