1. Home
  2. Coin Telegraph

Coin Telegraph

Michael Saylor ups Bitcoin price forecast to $13 million in mega-bullish keynote — Bitcoin 2024

Coin Telegraph
Michael Saylor ups Bitcoin price forecast to million in mega-bullish keynote — Bitcoin 2024
Bitcoin Price

"Triple maxi" Bitcoin bulls could earn a net worth of $214 million by 2045, Saylor said.

Michael Saylor, the outspoken co-founder of business intelligence company MicroStrategy, predicted Bitcoin (BTC) will reach $13 million per coin by 2045 during a mega-bullish keynote speech on July 26 at the Bitcoin 2024 conference.

Saylor's forecast — which upgrades his $10 million estimate in June  — is only a base case. “It could be a $3 million bear case, it could be a $49 million bull case,” according to Saylor, who urged listeners at the Nashville, Tennessee event to become “triple maxi” Bitcoin bulls. 

Related: Bitcoin offers ‘economic immortality,’ will reach $10M per coin — Michael Saylor

Read more

Read more
Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Bitcoin Market Cap to surpass gold—Anthony Scaramucci

Coin Telegraph
Bitcoin Market Cap to surpass gold—Anthony Scaramucci
Bitcoin Price

Bitcoin currently has a market capitalization of roughly $1.3 trillion, while the entire crypto market cap is roughly $2.4 trillion.

On day 2 of the Bitcoin 2024 conference in Nashville Tenessee, Anthony Scaramucci shared his belief that Bitcoin will overtake the total market capitalization of gold.

The SkyBridge Capital founder explained that Bitcoin (BTC) should not trade to a market cap similar to chipmaking giant Nvidia or Apple because Bitcoin is "an asset class" and not a company.

According to Scaramucci, the current market capitalization of gold rests between $15 trillion-$16 trillion, a number that Bitcoin should be able to overtake in roughly a decade. A similar prediction was forecasted by Anthony Pompliano in 2020, who likewise claimed Bitcoin would flip gold in less than a decade.

Read more

Read more
Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Is government oversight non-negotiable for the future of crypto?

Coin Telegraph
Is government oversight non-negotiable for the future of crypto?
Coin Telegraph

Governments aren’t known for allowing anything to thrive without some oversight or control, but for the most part, crypto is proving to be an exception.

At the heart of crypto and blockchain tech is the concept of decentralization, which avoids oversight by a central authority, but some form of government control might be inevitable to help them achieve mainstream adoption. 

Governments have already been reluctant to allow the crypto industry to thrive without some form of controls and regulations, and much of the crypto industry is still unregulated.

A Dec. 19, 2023, PricewaterhouseCoopers report found that 42 countries discussed or passed crypto regulations and legislation in 2023. However, many still lack a clear regulatory framework.

Read more

Read more
Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

How decentralization could have prevented the global Microsoft meltdown

Coin Telegraph
How decentralization could have prevented the global Microsoft meltdown
Cloud Services

The recent Microsoft failure shows how vulnerable centralized systems are.

The widespread collapse of Microsoft’s Windows operating system, which disrupted key services worldwide, is being touted as a vindication of blockchain and decentralized technology.

Zain Cheng, the chief technology officer of Web3 development firm Horizen Labs, told Cointelegraph the Microsoft outage “underscores the vulnerabilities of centralized systems, where single points of failure can lead to widespread disruption.”

As Cheng points out, the disruption was indeed widespread. From July 18–19, businesses, supermarkets, broadcasters, airlines and banks ground to a halt as 8.5 million systems encountered the blue screen of death.

Read more

Read more
Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Metaplanet, Semler Scientific were ‘zombie companies’ until Bitcoin, execs say

Coin Telegraph
Metaplanet, Semler Scientific were ‘zombie companies’ until Bitcoin, execs say
Bitcoin conference

Shares in Metaplanet and Semler Scientific are up double and triple digits since the firms followed MicroStrategy’s Bitcoin playbook this year.

Executives at Metaplanet and Semler Scientific say MicroStrategy’s Bitcoin playbook inspired them to follow suit and emerge from “zombie” status this y— while their share prices have soared.

“We were hearing Michael Saylor talk about zombie companies, and we realized we were probably one of those companies because we were not getting any love in the stock market, our stock was not performing well, and we were still very cash-rich,” Semler Scientific’s chairman Eric Semsler explained at the Bitcoin Conference in Nashville on July 25.

Zombie companies earn just enough to continue operating and service debts but have no excess capital to spur growth and are often close to insolvency.

Read more

Read more
Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Toyota’s love for Ethereum, HK nods inverse Bitcoin ETF, stablecoin: Asia Express

Coin Telegraph
Toyota’s love for Ethereum, HK nods inverse Bitcoin ETF, stablecoin: Asia Express
Asia Express

Asia’s top automobile manufacturer’s latest research details how Ethereum can turn vehicles into public infrastructure as Korean police crack $2M drug case, and more!

Japanese car maker Toyotas blockchain research arm is exploring how Ethereum can contribute to its mobility campaign. 

This campaign focuses on the companys futuristic concept of a connected transportation system where vehicles are fully autonomous and capable of communicating with public infrastructure through data exchange. These autonomous vehicles are envisioned as public entities that provide services to all users, including the disabled and elderly. 

In a research paper published on July 19, Toyota proposed implementing blockchain technology as part of its mobility concept.

Read more

Read more
Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Jimmy Song criticizes BTC 2024 speakers—’Not what makes Bitcoin great’

Coin Telegraph
<div>Jimmy Song criticizes BTC 2024 speakers—'Not what makes Bitcoin great'</div>
bitcoin adoption

The author and Bitcoin advocate's panel was sobering, harkening back to the Bitcoin community's, anti-establishment ethos.

Author and Bitcoin expert Jimmy Song recently took the stage at the 2024 Bitcoin event in Nashville to denounce the topics presented on the first day of the event, including the encroaching banking sector, institutional investment, and the advent of exchange-traded funds in the United States as efforts by multinational corporations and the administrative state to co-opt the Bitcoin movement.

During the panel, Song appealed to the rugged individualism and pioneering spirit inherent in traditional American values and Bitcoin (BTC), sharply rebuking previous panels from deviating from those values to entertain speakers from financial institutions like BlackRock, the largest asset manager in the world.

Fellow panelist and independent media personality Luke Rudkowski echoed Song's comments, explaining that Bitcoin "Really does provide an amazing opportunity for a lot of people to really see the problems that government created," before explaining that the scarce decentralized asset empowers people to help themselves and each other independent of state structures.

Read more

Read more
Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Direct client demand driving growth in BlackRock’s Bitcoin ETF so far

Coin Telegraph
<div>Direct client demand driving growth in BlackRock's Bitcoin ETF so far</div>
bitcoin etf

BlackRock head of digital assets Robert Mitchnick talked ETFs with Bloomberg’s James Seyffart at Bitcoin 2024.

Client demand was the driving force behind Bitcoin exchange-traded fund (ETF) creation, and the funds are just beginning to pick up momentum, BlackRock head of digital assets Robert Mitchnick said at the Bitcoin2024 event. He was interviewed on stage by Bloomberg journalist James Seyffart.

BlackRock CEO Larry Fink was a vocal skeptic of cryptocurrency when Mitchnick was hired in 2018. Fink was subsequently “orange-pilled,” pivoting to call Bitcoin “digital gold” in a recent interview.

Mitchnick credited Fink himself for the change of heart. “Larry deserves a lot of credit for the time that he spent studying the space,” Mitchnick said. He added:

Read more

Read more
Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Blackrock foresees “very little interest” in crypto ETFs beyond Bitcoin, Ethereum — Bitcoin2024

Coin Telegraph
Blackrock foresees “very little interest” in crypto ETFs beyond Bitcoin, Ethereum — Bitcoin2024
Analysis

Clients see Bitcoin and Ethereum as complements, not substitutes, in crypto portfolios, according to Blackrock's head of digital assets.

Asset manager Blackrock sees “very little interest” among clients in crypto beyond Bitcoin (BTC) and Ethereum (ETH) and doesn’t foresee many crypto exchange-traded funds (ETFs) outside of those two core digital assets, according to Robert Mitchnick, BlackRock’s head of digital assets, speaking at the Bitcoin2024 conference on July 25 in Nashville, Tennessee. 

“I would say that our client base today, their interest overwhelmingly is in Bitcoin first, and then somewhat in ETH… and there’s very little interest today beyond those two,” Mitchnick said at a panel entitled From Strategy to Innovation: BlackRock's Bitcoin Journey.

“I don't think we're gonna see a long list of crypto ETFs,” Mitchnick said. Blackrock launched its first crypto exchange-traded funds — iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust ETF (ETHA) — in January and July, respectively.

Read more

Read more
Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

VanEck says Bitcoin could hit $2.9 million per coin by 2050

Coin Telegraph
VanEck says Bitcoin could hit .9 million per coin by 2050
Analysis

Bitcoin Layer-2s could be collectively worth around $7.6 trillion, the report added.

Investment manager VanEck foresees Bitcoin (BTC) potentially hitting $61 trillion in total market capitalization — or some $2.9 million per coin — in 2050 as a result of massive demand for the decentralized currency as collateral for trade settlement and a reserve for central banks, according to a July 24 report. 

“It is conceivable that by 2050 Bitcoin could be used to settle 10% of the globe’s international trade and 5% of the world’s domestic trade,” VanEck said in the report. “This scenario would result in central banks holding 2.5% of their assets in BTC.”

VanEck adds that scaling solutions for Bitcoin’s blockchain network — Bitcoin Layer-2s — could collectively be worth approximately $7.6 trillion, or around 12% of BTC’s total value.

Read more

Read more
Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

Investor Chris Burniske Says Ethereum Could Surprise Traders Amid ‘Extreme Sentiment’ – Here’s What He Means

WordPress Theme by cactus.com
Close

Share this video