The United States government plans to liquidate more than 41,000 Bitcoin (BTC) seized as part of a case connected to Silk Road creator Ross Ulbricht. A March 31 filing with U.S. District Court for the Southern District of New York regarding the sentencing of James Zhong stated U.S. government authorities had begun liquidating roughly 51,352 BTC seized in the Ulbricht case. According to the filing, officials sold roughly 9,861 of the king crypto (BTC) for more than $215 million on March 14, leaving roughly 41,491 BTC. Learn more about your ad choices. Visit megaphone.fm/adchoices
After venture capitalist and former CTO at crypto trading platform Coinbase Balaji Srinivasan made a shocking claim that Bitcoin could reach the price of $1 million in the following three months, many in the cryptocurrency community became intrigued, wondering if his BTC prediction could truly materialize. As the guesswork continued en masse, some analysts have turned to OpenAI’s text-based artificial intelligence (AI) platform ChatGPT for suggestions, so the Finbold team decided to give it a shot as well, and the results were indeed bullish, although far from the $1 million Bitcoin price touted by some individuals. Learn more about your ad choices. Visit megaphone.fm/adchoices
"Perfect money (Bitcoin) needed a great leader (President Bukele) for the extraordinary to manifest as it has done in El Salvador. In 500 years from now, President Bukele's transformation of this society will be taught alongside those of the Renaissance, the Enlightenment, Ancient Rome and Ancient Greece." - Stacy Herbert The latest news out of El Salvador suggests that the government's bet on the king crypto (Bitcoin) is paying off. According to Treasury Minister Alejandro Zelaya, the government has successfully repaid one of two outstanding $800 million bonds. This move is likely to allay concerns about a potential default, which had grown amid the country's adoption of BTC as legal tender. Learn more about your ad choices. Visit megaphone.fm/adchoices
Top crypto analyst filbfilb recently stated that $180k Bitcoin is the target next cycle; while outlining how realistic it is for the BTC price to reach $1 million per coin in the relative near future as per Balaji (former Coinbase CTO) and Cathie Wood of Ark Invest bold 7-figure predictions. Learn more about your ad choices. Visit megaphone.fm/adchoices
Billionaire investor Tim Draper says that Bitcoin (BTC) could be a tool for businesses to hedge against any potential banking crisis. In a new memo directed at startup founders, Draper says the recent collapse of Silicon Valley Bank (SVB), plus the “over-regulation” of banks by the government means business founders should consider a more diversified strategy of cash management such as the king crypto (BTC). Learn more about your ad choices. Visit megaphone.fm/adchoices
Closely followed analyst Dave the Wave says evidence points toward Bitcoin (BTC) entering into a new bullish chapter as crucial long-term indicators flip green. Looking at the longer term, the popular analyst says that another way to look at Bitcoin’s price performance is to price it in gold, rather than in US dollars. He posits that over the course of about 20 years, BTC could reach the same market cap of gold, implying about a 22X price increase. Learn more about your ad choices. Visit megaphone.fm/adchoices
Tether’s chief technology officer (CTO) Paolo Ardoino is expressing bullish sentiment on Bitcoin as the flagship crypto asset BTC sits below $30,000. Ardoino says in a new CNBC interview that Bitcoin could “easily retest” its all-time high of slightly above $69,000 reached in November of 2021. “I’m bullish given all what I said in terms of geopolitical uncertainty… I’m bullish on Bitcoin. I think that it can easily retest the all-time high levels around $60,000+.” Learn more about your ad choices. Visit megaphone.fm/adchoices
Former Coinbase Chief Technology Officer (CTO) Balaji Srinivasan is betting big on Bitcoin, predicting the king crypto (BTC) will hit $1 million by June 17 because of a rapid devaluation of the U.S. dollar. HE is also predicting that the US government will cut off access to Bitcoin in response to the “banking crisis.” Learn more about your ad choices. Visit megaphone.fm/adchoices
BitMEX founder and crypto veteran Arthur Hayes says Bitcoin has a path to a $1 million per BTC on the back of the Federal Reserve’s new Bank Term Funding Program (BTFP). Recently, former Coinbase executive Balaji Srinivasan made a bet that Bitcoin would hit $1 million in 90 days because of sudden hyperinflation. While Hayes doesn’t think Srinivasan will win his bet, he does see the scenario playing out on a longer timeframe. Learn more about your ad choices. Visit megaphone.fm/adchoices
Veteran crypto analyst Peter Brandt says that Bitcoin is not going to take very long to reach new all-time highs (ATHs). Brandt says he is predicting BTC will reach new all-time highs within 12 months. “All predictions are just guesses. My guess is that Bitcoin is 12 months away from new ATHs.” Learn more about your ad choices. Visit megaphone.fm/adchoices
Real Vision CEO Raoul Pal is updating his outlook on Bitcoin after a massive crypto rally amid US banking failures. Pal says he expects the BTC price will rise to as high as $50,000, in part, from short selling squeezes, as people wrongly bet on the king crypto declining in value. Pal also disagrees with a recent prediction by former Coinbase chief technology officer Balaji Srinivasan that Bitcoin will hit $1 million in just 90 days. Learn more about your ad choices. Visit megaphone.fm/adchoices
Balaji Srinivasan, a venture capitalist and former CTO of Coinbase, claimed that the US economy would enter a phase of hyperinflation in 90 days, catapulting Bitcoin to $ 1 million. Balaji, whose crypto venture Earn.com was acquired by Coinbase in 2019, also offered to pay $1 million in BTC to the best 1,000 tweets that alert about stealth financial crisis. Learn more about your ad choices. Visit megaphone.fm/adchoices
Former Coinbase chief technology officer Balaji Srinivasan has made a $2,000,000 bet on the Bitcoin price over the next 90 days, predicting the king crypto (BTC) will reach $1 million by June 17. "I am moving $2M into USDC for the bet. I will do it with Medlock and one other person, sufficient to prove the point. See my next tweet. Everyone else should just go buy Bitcoin, as it’ll be much cheaper for you than locking one up for 90 days." Learn more about your ad choices. Visit megaphone.fm/adchoices
Balaji S. Srinivasan, former CTO of the Coinbase crypto exchange bets his net worth that the Bitcoin price will breach $1 million per BTC in the next 90 days. "I will take that bet. You buy 1 BTC. I will send $1M USD. This is ~40:1 odds as 1 BTC is worth ~$26k. The term is 90 days. All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation. If someone knows how to do this with a smart contract, we can do it on chain, so I can send USDC. If you won't do that, name a custodian." Learn more about your ad choices. Visit megaphone.fm/adchoices
The financial giant Fidelity Investments will now allow millions of customers to trade and buy Bitcoin (BTC) through the broker. The Fidelity Crypto platform, first opened to a waitlist in November 2022, is now available to the public, as of yesterday. Customers are able to buy and sell Bitcoin, although they will not be able to transfer it to a self-custody wallet where the user controls their private keys. During the launch of the waitlist, there was mention of this ability to come later, but no detail or roadmap has been provided beyond that. Learn more about your ad choices. Visit megaphone.fm/adchoices
A crypto analyst who bucked the trend and bought Bitcoin (BTC) at its lows late last year is updating his outlook on the cryptocurrency markets. The pseudonymous trader, who goes by the name DonAlt, says Bitcoin now has a sustainable, real narrative amid the backdrop of failing banks in the US and abroad. DonAlt says he’s not done buying, and a BTC breakout to $100,000 is his target. Learn more about your ad choices. Visit megaphone.fm/adchoices
Billionaire venture capitalist Tim Draper believes Bitcoin is hurtling toward a staggering $250,000 Bitcoin price tag. In a new exchange with the Observer, Draper says the king crypto (BTC) is at the start of a parabolic rally that will see Bitcoin generate gains of more than 900% in less than two years. Even if Bitcoin fails to go on a meteoric ascent by June this year, Draper says that the timeline could be extended to the end of next year. “I am almost 100 percent sure I will be right in 18 months.” Learn more about your ad choices. Visit megaphone.fm/adchoices
BitMEX co-founder Arthur Hayes says he’s preparing for a massive Bitcoin and crypto rally as the Biden Administration fights to keep contagion from spreading through the American banking system. In a series of tweets, Hayes says he believes the Federal Reserve will be forced to completely stop its rate hikes and begin to inject money back into the system, paving the way for an influx of capital into risk assets and particularly the crypto markets. "That's a fucking savage move in the 2yr. In case you think this is something other than what it is. The bond market is saying it's back to print dat money mode. Don't fight the Fed!!!!" Learn more about your ad choices. Visit megaphone.fm/adchoices
The market frenzy that started with the Silicon Valley Bank collapse is pushing the Bitcoin price higher, with some casualties left behind. The panic caused due to USD Coin’s (USDC) depeg from the U.S. dollar manifested itself in a wrong order, costing traders $50,000 per BTC (the king crypto) albeit for several minutes. The BTC/USDC pair on Binance flash spiked to $50,000 on March 12 around 7:00 pm UTC. The reason for the impulse spike is unknown and was likely due to a “fat finger” trade of a large order. Learn more about your ad choices. Visit megaphone.fm/adchoices
Bitcoin maximalist Max Keiser wrote an article for the Huffington Post in 2013 entitled: "What If All the Bitcoin Exchanges in the World Were Shut Down?" and now that many “Crypto” exchanges are shutting down, seems more relevant than ever. "With this added layer of price discovery in the bitcoin's existence as a currency, the possibility of scaling up to the multi-hundred billion valuations necessary to get it on the first rung of the global currency market becomes a possibility. Without it, we're talking about beaver pelts." Learn more about your ad choices. Visit megaphone.fm/adchoices
The Bitcoin and crypto ecosystem felt an immediate effect as USD Coin (USDC) depegged from the U.S. dollar due to a subsequent sell-off after Silicon Valley Bank (SVB) did not process $3.3 billion of Circle’s $40 million transfer request. Widely followed crypto analyst Benjamin Cowen says that the Bitcoin and cryptocurrency markets could give up hundreds of billions of dollars in a correction similar to the dot-com collapse. Learn more about your ad choices. Visit megaphone.fm/adchoices
A widely followed crypto analyst and Bitcoin trader is predicting BTC's potential path forward over the near term. Analyst Jason Pizzino tells his 282,000 YouTube subscribers that while he is bullish on Bitcoin over the long term, BTC could fall by around 15% from current levels to below $19,000 in the short term. Learn more about your ad choices. Visit megaphone.fm/adchoices
A widely followed crypto analyst says that the actions of the U.S. Federal Reserve will crash Bitcoin and the crypto markets in general. According to Nicholas Merten, recent testimony from Fed Chair Jerome Powell is likely going to push BTC below the $20,000 level “very soon” as the Fed springs liquidity traps. Merten also notes that the past few weeks have proven just how interconnected crypto is with traditional markets and that Bitcoin bulls should be happy to grab BTC between $13,000 and $14,000 if it were to dip that low. Learn more about your ad choices. Visit megaphone.fm/adchoices
Over 50,000 Bitcoin, worth $1 billion, were moved from multiple wallets connected to United States Government law enforcement seizures and transferred to new addresses, with some of the king crypto moved to Coinbase on March 8. According to data shared by on-chain analytics firm PeckShield, three transfers were made from U.S. law enforcement agency’s wallets. These wallets held nearly 51,000 BTC seized by U.S. agencies from the Silk Road marketplace in November 2021. The confiscated Bitcoin was consolidated into two wallet addresses. Learn more about your ad choices. Visit megaphone.fm/adchoices
An analyst who accurately called the big crypto crash of May 2021 says that Bitcoin going to its all-time high this year is not completely off the table. Pseudonymous analyst Dave the Wave, who also predicted BTC recovering from the bear market near the $20,000 level, lists four reasons why a Bitcoin rally up to its high at around $69,000 in 2023 is not an unreasonable expectation. Learn more about your ad choices. Visit megaphone.fm/adchoices
Seasoned crypto trader Tone Vays believes that Bitcoin could be gearing up for a massive eruption to the six-figure level and go as high as $300,000 per BTC. In a new strategy session, Vays tells his 123,000 YouTube subscribers that Bitcoin could explode between 792% and 1,238% from current prices in the next bull market. Learn more about your ad choices. Visit megaphone.fm/adchoices
A rapid acceleration in the Bitcoin pace of global adoption could catapult the top crypto to staggering new heights, according to quantitative analyst PlanB. According to PlanB, the BTC pace of adoption is about to witness an unprecedented level of acceleration that could bring the Bitcoin price to as high as $10 million per coin by 2028. Learn more about your ad choices. Visit megaphone.fm/adchoices
Crypto strategist TATrader_Alan discovered a very bullish pattern on the Bitcoin chart which shows the next BTC top at $200,000 with the floor price at $100,000. “Well-structured pattern has been shown here on Bitcoin Heikin Ashi M2 chart. Between each halving, $BTC prints a set of red candles to complete the macro pullback, finds the bottom and starts a new BULL RUN. Next top $200k is inevitable with the floor at $100k.” Learn more about your ad choices. Visit megaphone.fm/adchoices
A widely followed crypto analyst is predicting a big break out for Bitcoin after a quick retest of a lower price level. The crypto trader says that his target price for BTC remains $40,000. “The important thing I’ve lost sight of since Bitcoin had its HTF [High Time Frame] breakout is the effect it’s had on my LTF bias. Whether the stops are triggered and we retest the HTF trend one more time near ~$20,000 or we send higher from here, the end target of $40,000 doesn’t change.” Learn more about your ad choices. Visit megaphone.fm/adchoices
Crypto analyst shares long-term Bitcoin chart pattern correlated to the BTC halving. 'Before next Bitcoin halving date estimated in 2024, BTC will reach $50k for the second top. The Bitcoin top after next halving will reach $200k." Learn more about your ad choices. Visit megaphone.fm/adchoices