Latest news with #CryptoAsset&BlockchainAdvisor
Forbes
2 days ago
- Business
- Forbes
JD Vance Just Issued A Huge Bitcoin Prediction After $2 Trillion Price Rally
Bitcoin is hovering just under its all-time high of $112,000 per bitcoin after soaring over the last month (with Elon Musk quietly confirming what could be a bitcoin price game-changer is happening 'soon'). Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price has rocketed around 50% since plummeting to April lows of $75,000, pushed on by fears of a growing U.S. dollar 'crisis" and catapulting bitcoin to a $2 trillion market capitalization. Now, as another big company follows Michael Saylor's Strategy in buying bitcoin, U.S. vice president JD Vance has predicted the number of Americans who own bitcoin is about to double to 100 million. Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run 'Fifty million Americans own bitcoin. I think it's gonna be 100 million before too long," Vance said, speaking at the Bitcoin 2025 conference in Las Vegas. Vance added that he still holds a "fair amount of bitcoin today" and that bitcoin will be a strategically important asset for the U.S. over the next decade as it faces off with China. "The People's Republic of China doesn't like bitcoin. Well, we should be asking ourselves, why is that," Vance said in comments reported by Reuters. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious 'Why is our biggest adversary such an opponent of bitcoin, and if the communist Republic of China is leaning away from bitcoin, then maybe the United States ought to be leaning into bitcoin.' Vance hailed U.S. president Donald Trump, who announced he would create a U.S. strategic reserve if elected president at last year's bitcoin conference in Nashville, as crypto's long-awaited 'champion.' "Crypto is a hedge against bad policy making from Washington, no matter what party is in control," Vance said in comments reported by Axios. "I'm here today to say loud and clear with president Trump, crypto finally has a champion and an ally in the White House."
Gulf Insider
22-05-2025
- Business
- Gulf Insider
Bitcoin Is Suddenly Surging As It Braces
Bitcoin has rocketed higher, soaring toward its all-time high of almost $110,000 per bitcoin despite BlackRock issuing a serious bitcoin warning last week. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can 'uncover blockchain blockbusters poised for 1,000% plus gains!' The bitcoin price has surged more than 30% since hitting Aprils lows of $75,000 per bitcoin, with the bitcoin rally sparking a flood of radical bitcoin price predictions. Now, as a report reveals a Mark Zuckerberg is quietly plotting to blow up the bitcoin and crypto market, options data shows traders are increasingly betting the bitcoin price will climb to $300,000 by June—a level that would give bitcoin a market capitalization of around $6 trillion. Bitcoin call options—bets on where the bitcoin price or other assets will be in the future—expiring at the end of June at the strike price of $300,000 are the second most popular call option on the Deribit exchange behind $110,000, according to data compiled by crypto analytics company Amberdata and seen by Bloomberg . 'If we look at dealer positioning on Deribit for bitcoin, we see dealers being short a lot of gamma $110,000 as traders are buying options for new all-time highs,' Greg Magadini, Amberdata's director of derivatives, told the financial newswire, referring to a gamma squeeze in which the market can suddenly swing. 'This is showing us that the market positioning is heating up in anticipation of new all-time highs and once in uncharted price territory, there's no telling how high bitcoin can go.' Click here to read more Also read: Abraaj Restaurants Becomes First Bitcoin Treasury Company in the Middle East
Forbes
15-05-2025
- Business
- Forbes
Serious BlackRock Bitcoin Warning Fuels ‘Disaster' Fears As The Price Suddenly Dives
Bitcoin has dropped back towards $100,000, falling sharply after a sudden surge fueled fears of a U.S. dollar collapse. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price, which earlier this week topped $105,000, has swung wildly over the last month as traders brace for further price shocks. Now, as Mark Zuckerberg is reportedly plotting to blow up the bitcoin price and crypto market, the world's largest asset manager, BlackRock, has quietly added a serious warning about quantum computing to the list of risks to its huge spot bitcoin exchange-traded fund (ETF). Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run BlackRock chief executive Larry Fink has become one of the most bullish pro-bitcoin voices on Wall ... More Street, helping the bitcoin price to soar. 'If quantum computing technology is able to advance […] it could potentially undermine the viability of many of the cryptographic algorithms used across the world's information technology infrastructure, including the cryptographic algorithms used for digital assets like bitcoin,' BlackRock's amended regulatory filing for its bitcoin fund read. BlackRock, which manages after around $10 trillion worth of assets for investors, spearheaded Wall Street's campaign to bring a long-awaited spot bitcoin ETF to market in 2023, with a fleet of funds debuting in January 2024. BlackRock's IBIT spot bitcoin ETF has since become one of the fastest growing ETFs of all-time helping to push the bitcoin price record highs and riding a bullish wave on the back of Donald Trump's election as U.S. president in November after Trump declared himself the first 'crypto president.' The fund now holds almost 3% of the 21 million bitcoin that will ever exist, worth $62 billion at the current bitcoin price, which some have warned could be giving BlackRock outsized control over the network. '[BlackRock is] going to highlight any potential thing that can go wrong with any product they list or underlying asset thats being invested in,' James Seyffart, ETF analyst with Bloomberg Intelligence, posted to X, adding such a warning is 'completely standard.' However, the quantum computing risk to bitcoin and other cryptocurrencies has exploded recently, with tech giants including Google's Alphabet making strides in quantum computing research. 'At this point, no blockchain is ready to withstand a quantum attack when this becomes possible, which could very well be much earlier than 2030,' David Carvalho, the chief executive of decentralized post-quantum infrastructure blockchain Naoris Protocol, said in emailed comments. 'Finance giants know the risk is there—BlackRock flagged the risk of quantum computing to bitcoin just this week. So why is the blockchain sector sleepwalking into a disaster?' Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious The bitcoin price has recently topped $100,000 per bitcoin again but a BlackRock warning has sparked ... More fears bitcoin could be "sleepwalking into disaster." It has long been feared that if a company or government is able to create a fully-fledged quantum computer, it could be used to bypass the encryption that secures the blockchain technology that underpins cryptocurrencies like bitcoin, potentially rending the network vulnerable to a devastating hack. Such vulnerabilities could be patched with software updates. In February, Paolo Ardoino, the chief executive of USDT stablecoin issuer Tether, predicted that quantum computing would eventually enable hackers to break into inactive bitcoin wallets and steal dormant coins—including that linked to mysterious, anonymous bitcoin creator Satoshi Nakamoto. 'Any bitcoin in lost wallets, including Satoshi (if not alive), will be hacked and put back in circulation,' Ardoino posted to X at the time, calling for development of "quantum-resistant addresses" and adding that "quantum computing is still very far from any meaningful risk of breaking bitcoin cryptography.'
Forbes
08-05-2025
- Business
- Forbes
‘Be Ready'—‘Earth-Shattering' Trump Hint Sparks Wild Bitcoin Speculation As Price Suddenly Soars To $100,000
Bitcoin and crypto have suddenly soared into May, helped by U.S. president Donald Trump's crypto czar David Sacks issuing a suprise bitcoin price prediction. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price, up around 30% from its April lows, has surged to $100,000 for the first time since February as a leak has revealed Wall Street companies are quietly ramping up their bets on bitcoin and crypto. Now, as bitcoin hurtles toward a $10 trillion game-changer, Trump's Oval Office tease of a 'truly earth-shattering" announcement has been seized on by the crypto crowd who are wildly speculating it could be related to bitcoin. Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run U.S. president Donald Trump has teased an "earth-shattering" announcement that some think could be ... More related to bitcoin and crypto as the bitcoin price soars over $100,000. "Crypto holders, be ready," one crypto trader and X influencer posted the platform, referencing Trump's remarks. "Hope this is a bullish surprise," another posted. This week, Trump hinted he would make a 'truly earth-shattering' announcement in the next few days during an Oval Office meeting with Canada's prime minister Mark Carney. 'We're going to have a very, very big announcement to make, like as big as it gets,' Trump said. 'And I won't tell you on what … and it's very positive. It is really, really positive. It'll be one of the most important announcements that have been made in many years about a certain subject, very important subject.' Trump, who added the announcement was 'not about trade," is due to travel to Saudi Arabia, Qatar, and the United Arab Emirates next week, where he's expected to announce the U.S. will now refer to the Persian Gulf as the Arabian Gulf or the Gulf of Arabia, according to media reports citing anonymous sources. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious The bitcoin price has rebounded since crashing to April lows of around $75,000 per bitcoin, helped ... More by fears around U.S. president Donald Trump's trade war receding. The bitcoin price and wider crypto market rocketed following Donald Trump's election victory in November, with his landmark announcement that that the U.S. will create a bitcoin strategic reserve and a crypto stockpile further boosting prices. Trump's dismantling of Biden-era restrictions on Wall Street support for crypto has also propelled the bitcoin price higher even as his on-again-off-again global trade war roils stock markets and pushes the gold price to record highs. 'Some of the worst fears around the Trump administration's tariffs seem to be calming down, which has had a positive impact on markets generally," James Toledano, chief operating officer at Unity Wallet, said in emailed comments.
Forbes
04-05-2025
- Business
- Forbes
Trump's Crypto Czar Issues Surprise Prediction As The Bitcoin Price Suddenly Soars
Bitcoin and crypto prices are awaiting the next catalyst after surging into May (though Apple might have just quietly created it). Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price has surged almost 30% since falling to April lows and is nearing $100,000 per bitcoin as the market braces for a $10 trillion Wall Street earthquake. Now, as "major" U.S. dollar warnings are priming bitcoin for a 'geopolitical fragmentation megaforce" shock, U.S. president Donald Trump's crypto czar David Sacks has predicted a coming 'Trump boom.' Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run "We've ended the war on crypto, and I think we're trying to stop the regulatory capture that benefits large incumbents," Sacks, who worked with Tesla billionaire Elon Musk in the early days of PayPal and advised him on his takeover of Twitter and its rebranding to X, said during an episode of the All In Podcast. 'I do think that this sets us up for a Trump boom in the future," Sacks said, pointing to 'other things that that have been done on the economy as well," and predicted 'a lot of these changes take time to to play out.' Last week, the Federal Reserve quietly rolled back Biden-era rules that prevented Wall Street from fully embracing crypto, while the Trump administration is fast tracking stablecoin legislation that's expected to rewire the global financial system. The bitcoin and crypto market has lost steam since Trump's inauguration, with the bitcoin price dropped from its January all-time high of almost $110,000 per bitcoin, plummeting along with the stock market as the Trump administration embarked on a global trade war. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious However, the bitcoin price, which has somewhat supported the wider crypto market, has held up better than many had expected, helped by growing fears swirling around the future of the U.S. dollar and bitcoin's reputation as 'digital gold.' 'This renewed risk-on mood is setting the stage for bitcoin to make a run at $100,000,' Matt Mena, crypto research strategist at 21Shares, said in emailed comments. 'The $95,000 level had been a key resistance zone in recent weeks, and once bitcoin cleared it with strong volume, momentum accelerated quickly. With equities pushing higher and liquidity expectations rising, bitcoin is behaving like a high-beta macro asset–closely tied to investor appetite for risk and reflation trades.' Other bitcoin and crypto investors have cheered the latest bitcoin price rebound, emboldening them to double-down on their bullish bitcoin price predictions. 'I definitely would not be surprised [to see bitcoin reach] 'If the price gets going soon and breaks a new all-time high, I think things could get really crazy, [and] actually go parabolic... all the narratives are set, the macro conditions are great.'
