Crypto Winter 'Not Coming Back': Saylor
Strategy Executive Chairman Michael Saylor says crypto winter is not coming back and Bitcoin is going to $1 million. He speaks with Katie Greifeld and Matt Miller on "Bloomberg Crypto."
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
40 minutes ago
- Forbes
Will Quantum Computing Kill Bitcoin?
Quantum computers could theoretically break Bitcoin's encryption and destroy the cryptocurrency ... More overnight, threatening the investments of 500 million global holders and trillions in market value. Bitcoin and other cryptocurrencies are now embedded in the global financial system. Countries are creating strategic reserves, and institutional investors, from hedge funds to pension schemes, are allocating capital to digital assets. Many individuals, businesses, and even governments are exposed to price fluctuations in this notoriously volatile market. But could it all collapse overnight if quantum computing renders the technology behind cryptocurrencies obsolete, potentially causing trillions of dollars in value to vanish? That's the risk some experts associate with quantum computing. These futuristic machines harness the strange properties of quantum mechanics to perform specific types of calculations exponentially faster than even the most powerful supercomputers. Given enough power, quantum computers could one day break the cryptographic foundations of blockchain systems like Bitcoin. So, how real is this threat? Could it mean the end of crypto or the start of a new chapter in the age of post-quantum security? At the start of 2024, an estimated 500 million people globally held Bitcoin or other cryptocurrencies, a 34% increase from the year before. The majority of holders reside in Asia and North America. In many cases, these assets represent a substantial portion of personal wealth or national reserves. If a technological advance were to render these assets insecure, the consequences could be severe. Cryptocurrencies function by ensuring that only authorized parties can modify the blockchain ledger. In Bitcoin's case, this means that only someone with the correct private key can spend a given amount of Bitcoin. Bitcoin currently uses cryptographic schemes such as the Elliptic Curve Digital Signature Algorithm (ECDSA) and Schnorr signatures to verify ownership and authorize transactions. These systems rely on the difficulty of deriving a private key from a public key, a task that is computationally infeasible for classical computers. This infeasibility is what makes "brute-force" attacks, trying every possible key, impractical. Classical computers must test each possibility one by one, which could take millions of years. Quantum computers, however, operate on different principles. Thanks to phenomena like superposition and entanglement, they can perform many calculations in parallel. In 1994, mathematician Peter Shor developed a quantum algorithm capable of factoring large numbers exponentially faster than classical methods. This algorithm, if run on a sufficiently powerful quantum computer, could undermine encryption systems like ECDSA. The core difference lies in how quantum and classical computers handle data. Classical computers process data as binary digits (bits), either 0s or 1s. Quantum computers use qubits, which can exist in multiple states simultaneously. As of 2024, the most advanced quantum computers can process around 1,000 qubits, but estimates suggest that breaking Bitcoin's ECDSA encryption would require a machine with 10 million to 300 million fault-tolerant qubits, a goal that remains years or even decades away. Nonetheless, technology often advances unpredictably, especially now that AI tools are accelerating research and development across fields, including quantum computing. This is why work on quantum-safe (or post-quantum) cryptography is already well underway. The U.S. National Institute of Standards and Technology (NIST) is leading efforts to standardize cryptographic algorithms that are secure against quantum attacks, not just to protect cryptocurrencies but to safeguard the entire digital ecosystem, from banking systems to classified government data. Once quantum-safe standards are finalized, Bitcoin and other blockchains could adapt accordingly. Bitcoin's open-source software is managed by a global community of developers with clear governance protocols for implementing updates. In other words, Bitcoin is not static; it can evolve to meet new threats. Could quantum computing kill Bitcoin? In theory, yes, if Bitcoin failed to adapt and quantum computers suddenly became powerful enough to break its encryption, its value would plummet. But this scenario assumes crypto stands still while quantum computing advances, which is highly unlikely. The cryptographic community is already preparing, and the financial incentives to preserve the integrity of Bitcoin are enormous. Moreover, if quantum computers become capable of breaking current encryption methods, the consequences would extend far beyond Bitcoin. Secure communications, financial transactions, digital identities, and national security all depend on encryption. In such a world, the collapse of Bitcoin would be just one of many crises. The quantum threat is real, but so is the work being done to prevent it. So, if you're among the millions with a bit of Bitcoin tucked away in the hope it will one day make you rich, well, I can't guarantee that will happen. But I don't think you need to worry that quantum computing is going to make it worthless any time soon.
Time Business News
4 hours ago
- Time Business News
Top 10 Crypto News Websites You Can Actually Trust in 2025
The top 10 crypto news websites to follow in 2025 for accurate news updates, expert analysis, and real-time insights. Stay ahead with trusted platforms like , CoinDesk, CoinTelegraph and more. I've done the digging for you. Below are the top 10 crypto news websites that consistently deliver real updates, solid analysis, and no nonsense. Whether you're a beginner or have been trading since the 2017 bull run, you'll find something valuable here. If crypto had a Wall Street Journal, CoinDesk would be it. They've been covering blockchain and digital currency news since 2013. You'll find everything from Bitcoin updates and altcoin moves to regulation and even opinion pieces from finance veterans. Why follow it? CoinDesk's articles are well-researched, and they break news faster than most other outlets. They also organize Consensus , one of the biggest crypto events every year. CoinDesk's articles are well-researched, and they break news faster than most other outlets. They also organize , one of the biggest crypto events every year. Visit here: CoinDesk You've probably seen their comic-style illustrations floating around online. But behind the quirky visuals is a serious team of reporters who know crypto inside out. CoinTelegraph covers everything—news, analysis, price predictions, and even blockchain tech updates. Why follow it? It's a mix of depth and digestibility. You don't need a finance degree to understand what they're talking about. It's a mix of depth and digestibility. You don't need a finance degree to understand what they're talking about. Visit here: CoinTelegraph CryptoSlate takes things up a notch by merging news with data. Let's say you're reading about a new token—they'll show you real-time charts, trading volumes, even team bios right there on the page. Why follow it? Great for when you want news plus project insights. It saves a ton of time jumping between websites. Sometimes crypto gets too complicated. That's why I like Decrypt. They break things down in simple English without dumbing it down. Perfect for someone who wants to understand what's actually going on, without being buried in technical jargon. Why follow it? Clean layout, quick updates, and explainer articles that make sense. If you want institutional-level reporting, The Block is your go-to. They lean more toward professional insights, research reports, and insider interviews. Some of their content is paywalled, but the free stuff is still solid. Why follow it? For the deeper stuff. It's where VCs and fund managers get their crypto scoop. Now let me introduce you to something fresh — BitStocky. While many sites compete to break news first, BitStocky focuses on getting it right . You'll find real human-written content that explains crypto and finance in clear, everyday language. Unlike other platforms that flood you with pop-ups or promote whatever's trending, BitStocky is building its name on honesty and quality over quantity. Whether it's Bitcoin ETFs, Ethereum price forecasts, or how staking actually works, the content is written to help—not confuse. Why follow it? It's a clean, helpful alternative for anyone who's tired of the same recycled posts. It's a clean, helpful alternative for anyone who's tired of the same recycled posts. Visit here: NewsBTC is pretty well-known in the trading community. Their strength? Price analysis. They publish technical breakdowns of major coins like Bitcoin, Ethereum, and even some lesser-known tokens. Why follow it? If you're into charts, predictions, and trends, this site will quickly become part of your morning routine. This one's a bit underrated. puts out a ton of short, quick-read updates throughout the day. They also cover XRP a lot, so Ripple fans—this one's for you. Why follow it? Great for checking what's happening right now without reading a full-blown article. BeInCrypto isn't chasing clicks—they're chasing facts. Their editorial approach is focused on transparency. Most articles include cited sources, and they even publish educational guides on top of breaking news. Why follow it? No hype, no fluff—just accurate reporting and a clean reading experience. For those based in Asia or India, AMBCrypto adds a nice regional flavor to crypto news. They cover a lot of altcoins, regulatory movements in India, and also offer trading guides. Why follow it? It fills the gap for readers who want both global and local insights. You might be wondering, 'Do I really need to check 10 websites every day?' Short answer—no. But here's why this list matters: One site might break the news. Another will explain it better. A third will analyze what it means for your portfolio. That's why combining a few trusted sites (like CoinDesk or The Block) with accessible platforms like BitStocky gives you a well-rounded view. Crypto is wild—always evolving, sometimes confusing, often exciting. And in a space that's still maturing, the quality of the information you consume matters a lot . Trusting the wrong source can lead you down a rabbit hole of scams or hype-based investments. So do yourself a favor—bookmark a few of these top crypto news websites and check in regularly. Even 10 minutes a day can put you ahead of the curve. Disclaimer: The information provided in this article is for educational and informational purposes only. It does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and risky. Always do your own research or consult with a licensed financial advisor before making any investment decisions. The views expressed here are those of the author and do not necessarily reflect the opinions of BitStocky or any of the websites mentioned. TIME BUSINESS NEWS
Yahoo
5 hours ago
- Yahoo
Analyst who nailed Tesla's crash issues stark warning
Analyst who nailed Tesla's crash issues stark warning originally appeared on TheStreet. Veteran crypto investor Tuur Demeester, known for his insightful macro analysis and prescient investment calls, has issued another warning regarding profound structural changes unfolding within the global financial system. Tuur Demeester called the decline in TSLA stock well in advance in 2022, telling investors to swap the TSLA stock for BTC, five months later and TSLA lost 53% of its value against BTC, so he was right to go contrarian. In a detailed post published on X on June 11, Demeester speculated that we are witnessing a seismic shift away from the dilution and debasement characteristic of fiat-based capital, toward forms of scarce, work-based value, such as Bitcoin. To support his thesis, Demeester included a chart juxtaposing Bitcoin's price against a leading bond market index. This metric continues to trend upward, reflecting the rising opportunity costs associated with holding currencies disconnected from hard work and scarcity. Demeester's warning parallels the decline of the dollar. At the time of writing, on June 11, the U.S. Dollar Index (DXY) hit multi-month lows of 98.6, with investor faith in the fiat money supply waning amid ongoing inflation and escalating debt levels. Demeester's framing is that assets such as Bitcoin, scarce, decentralized and unencumbered by political risks of debasement, continue to rise up in the face of traditional debt-based financial instruments. This devaluation, compounded by structural tax-policy changes that disproportionately benefit the wealthiest Americans, especially as coined by Australian economist Justin Wolfers, is reminding people that fiat currencies are increasingly a question mark. Interestingly, US Treasury Scott Bessent proposed today that stablecoins can lock the dollar dominance as a counter to dollar devaluation. Analyst who nailed Tesla's crash issues stark warning first appeared on TheStreet on Jun 11, 2025 This story was originally reported by TheStreet on Jun 11, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
