Coinbase CEO Urges Next SEC Chair to Address ‘Harm’ Caused by Current Policies
Coinbase CEO Brian Armstrong believes that the next SEC chair should apologize to the public for the impact of the agency’s inconsistent crypto regulations. On Oct. 29, Armstrong shared a list of the SEC’s conflicting statements on digital assets, including confusion over whether Bitcoin and other cryptocurrencies are securities and if the agency has the […]
Bitcoin’s Journey to $80,000 Driven by Optimistic Derivatives Signals
Bitcoin might exceed $80,000 by the close of 2024, thanks to strong signals from derivatives markets and high profitability for holders, a Bitfinex report shared. According to Bitfinex analysts, Bitcoin’s price could be heading above $80,000 based on trends in derivatives markets, with options data hinting at a post-U.S. election rally. Analysts highlighted that: “Options […]
China’s Rising Debt Sparks Prime Bitcoin ‘Buying Opportunity’ – Arthur Hayes
China’s mounting national debt could further solidify Bitcoin’s reputation as a safeguard against currency devaluation. Reports indicate that China may soon approve a significant fiscal package, possibly adding more than 10 trillion yuan (around $1.4 trillion) to its national debt. Sources close to the matter disclosed to Reuters that this move could be influenced by […]