BTC’s ‘reasonable’ $180K target, NFTs plunge in 2024, and more: Hodler’s Digest Jan 12 – 18
Bitcoin’s $180,000 price target remains on the table, says a trader, while 2024 marks the worst year for NFTs since 2020: Hodler’s Digest.
Brian Armstrong, CEO of US-based cryptocurrency exchange Coinbase, has endorsed plans for global leaders to create Bitcoin strategic reserves.
In a Jan. 17 blog post on economic freedom, Armstrong said cryptocurrencies were the next chapter of capitalism, offering suggestions for policymakers to integrate digital assets into their economies in 2025.
The Coinbase CEOs ideas included crypto-friendly laws, government efficiency, special economic zones, and the establishment of a Bitcoin reserve as a hedge against inflation.
The next global arms race will be in the digital economy, not space, Armstrong speculated. Bitcoin could be as foundational to the global economy as gold and will become central to national security in a world where holdings of Bitcoin can shift the balance of power among nation-states.
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Author: Editorial Staff
