Category: Cryptocurrency news

World Gold Council CEO Says, “Bitcoin Is Heading Toward Zero”; CZ Responds

David Tait, CEO of the World Gold Council, made radical statements about the cryptocurrency world while appearing as a guest on David Lin’s channel. Tait stated that his personal opinion on Bitcoin is “to go to zero,” and criticized the leading cryptocurrency’s high correlation with risky assets. Nevertheless, Tait, who offered market advice to investors, […]

Michael Saylor Compared Bitcoin to Gold

Strategy founder Michael Saylor said that Bitcoin is reshaping the way wealth is stored and transferred by converting digital scarcity into economic value. Saylor stated that Bitcoin combines computers, digital networks, and cryptography, describing this structure as “the first digitally designed monetary network in human history.” According to Saylor, Bitcoin digitizes monetary assets entirely, ensuring […]

Bitcoin at $1M by 2030? 10x Research Founder Says It’s ‘Mathematically Impossible’

Markus Thielen, founder of 10x Research, has cast doubt on the widely circulated prediction that Bitcoin could reach $1 million by 2030. Speaking on the Trade Secrets podcast, Thielen stated that such a price target is ‘mathematically impossible’ given current market dynamics and adoption rates. Why Thielen Calls the $1M Target Unrealistic Thielen’s argument centers […]

Bitcoin’s $16.3 billion Wall Street stress test splits into four positional patterns

The $16.3 billion in Bitcoin ETF positions that CryptoSlate recently tracked ahead of the Q2 filing deadline resolved into four disclosed position patterns. Two Abu Dhabi filers held their ordinary ETF share counts steady, JPMorgan increased ordinary spot-ETF units, UBS shifted its disclosed long-options mix, and Morgan Stanley reduced external ETF units as a new […]

Michael Saylor Frames Bitcoin as an Engineering Solution for Money

Saylor Frames Bitcoin as a Technology for Preserving Economic Value Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor on Aug. 15 described bitcoin as an engineering solution for storing and transferring economic value, extending his long-running argument that the asset should be understood as monetary technology rather than only a cryptocurrency. In his “What Is […]