Robert Kiyosaki, author of the best-selling financial book “Rich Dad Poor Dad,” claims that Bitcoin will soon be worth $120,000. These estimates are in line with those made by Standard Chartered Bank, which predicts that Bitcoin will reach $50,000 this year and $120,000 by the end of 2024. Meanwhile, the
The U.S. June Consumer Price Index (CPI) will be released on Wednesday, and the PPI will be released the following day, bringing attention back to inflation statistics after a week of major employment announcements. In the event of a drop, investors may hope that the Federal Reserve would reconsider its
Recently, U.S. Federal Reserve Chairman Jerome Powell expressed optimism about the cryptocurrency market. In his testimony before Congress, Powell defended the sustainability of cryptocurrencies as an investment category in the United States. Witnessing before the House Committee on Financial Services about the Federal Reserve’s Semiannual Monetary Policy Report, Powell made
Telescope Labs is excited to announce the release of its full solution suite. The startup company focuses on fundamental data analytics and AI-driven gaming economics. The London-based company has emerged from the shadows in the wake of a successful pre-seed investment round in September that drew over $2 million from Griffin
BlackRock CEO Larry Fink expressed his positive outlook on cryptocurrencies in a recent interview with Fox Business, specifically referring to Bitcoin (BTC) as an “international asset” and endorsing the idea of crypto serving as “digital gold.” Further, Fink highlighted the potential of cryptocurrencies. Saying, “I do believe that the role
After a period of bated breath, the Federal Reserve’s June meeting minutes are now public. Significantly, these insights could ripple through the policy-sensitive rates and Treasury yields, critical players in the global cryptocurrency game. In a surprising twist, the Fed elected to break its ten-meeting streak of interest rate hikes.
Regarding Bitcoin, the next key event is just around the corner: the ‘halving.’ Bitcoin halving refers to the decrease in rewards for Bitcoin miners, occurring every 210,000 blocks mined or approximately every four years. This event is critical in maintaining the cryptocurrency’s scarcity and value over time. However, a new
On Wednesday, at a panel discussion of central bankers organized by the ECB in Sintra, Portugal, Federal Reserve Chair Jerome Powell reiterated the Fed’s hawkish approach. Powell stressed that the Fed is not done managing inflation and indicated the potential of consecutive interest rate rises ahead of the next Federal
Sui Mainnet, a new player in the competitive blockchain industry, is under bearish momentum since it has experienced a significant decline in its token price in recent weeks. Since its public launch in May, Sui has struggled to gain traction.It had a staggering 37.47% decline over the past month and
On Tuesday, June 27, MicroStrategy, the biggest corporate holder of Bitcoins, announced the acquisition of Bitcoins (BTC) for an astounding $347 million. MicroStrategy CEO Michael Saylor made the latest disclosure on Tuesday, stating that the company has acquired 12,333 Bitcoin. On Twitter, Saylor sent the following message: “MicroStrategy has acquired
