RWA Market Projected to Hit $600B in Five Years: BCG Report
Real-world asset (RWA) tokenization is anticipated to experience substantial growth over the coming five years, with assets under management potentially exceeding $600 billion by 2030, according to recent reports from major traditional financial institutions. Boston Consulting Group (BCG), in a report released on Oct. 29, described RWA tokenization as “the third revolution in asset management.” […]
FOMO in Action: BlackRock Bitcoin ETF Sees Record Trading Surge in Six Months
Daily trading volume for BlackRock’s Bitcoin ETF (IBIT) hit $3.35 billion on Oct. 29, marking its largest trading day in over six months. This surge is reportedly driven by a rush of “panic buying” as Bitcoin hovers near its all-time high at $72,390, only 2% shy of setting a new record. “FOMO confirmed,” remarked Bloomberg […]
BTC Could Hit $200K Without a US Dollar Collapse, Says Bitwise Exec
Increased investment in “store-of-value” assets and the ongoing decline in fiat currency value could drive Bitcoin’s price into six figures without requiring a crash of the US dollar, according to Matt Hougan, Bitwise’s chief investment officer. On Oct. 29, Hougan responded on social media platform X to a financial adviser’s question about whether Bitcoin could […]
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 […]
Altcoin Seasons Likely to Lose Strength in Future, Analyst Predicts
Altcoin seasons are expected to persist, appealing to speculative traders, but their impact will likely decrease as the crypto market matures, according to analyst Willy Woo. “Alt seasons will be weaker each cycle compared to the massive 2017 altcoin bubble,” Woo shared in an Oct. 26 post on X, referencing the initial coin offering (ICO) […]
Tether CEO Explains the Reserves Supporting the Stablecoin
At the PlanB conference in Lugano, Switzerland, Tether’s CEO Paolo Ardoino addressed recent claims regarding the firm’s asset reserves, following reports of alleged investigations by U.S. authorities, including the Department of Justice and the Treasury. Ardoino clarified that Tether holds significant assets backing its USDt stablecoin, including approximately $100 billion in U.S. Treasuries, over 82,000 […]
Artist Reveals 21-Month Effort Behind Lugano’s Satoshi Statue
In Lugano, Switzerland, a new statue honoring Bitcoin’s founder, Satoshi Nakamoto, was revealed recently. Taking 18 months of research and three months of building, artist Valentina Picozzi says it was designed to connect people to Bitcoin culture through art. The statue features a faceless figure on a laptop that appears differently based on the viewer’s […]
Bitcoin Holds Strong Above Key Levels, Eyeing Potential New All-Time High
Bitcoin bulls are likely to maintain control over bears as long as the asset stays above $66,500, with its price holding above all key moving averages, say crypto experts. “This breakout indicates that the bulls have a firm grip, and as long as BTC remains above the $66,500 mark, the trend should continue to look […]