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News.com.au
2 days ago
- Business
- News.com.au
Australian senator enrages Bitcoin community with brutal take on cryptocurrency
An Australian senator has managed to enrage the entire Bitcoin community after branding the wildly popular cryptocurrency as a 'Ponzi scheme'. Gerard Rennick made the comments last week after Bitcoin (BTC) reached an all-time high of $111,977, driven by a wave of optimism over cryptocurrency legislation in the United States. Experts hailed the surge as a 'major milestone'. However, Senator Rennick dismissed this recent development, saying Bitcoin will ultimately go to $1 million. He said this was because the cryptocurrency is a Ponzi scheme, which is a fraudulent investment scheme that relies on recruiting new investors to pay returns to earlier investors. The People First Party founder then suggested BlackRock, the world's biggest asset manager and one of the largest Bitcoin holders, would 'pump more and more dollars into a supply constrained product'. 'What exactly will this product produce? Absolutely nothing and nor will the thousands of people buying and selling it,' Senator Rennick wrote on X. 'Australia needs real engineers not financial engineers. We need infrastructure that delivers essential services particularly energy, water and transport. You can't eat Bitcoin.' His comments immediately drew ire from the wider cryptocurrency community, but the senator refused to back down. 'What a spectacularly stupid response. I look forward to plastering it everywhere when you try and make yourself relevant in the next election,' one person said. To which Senator Rennick noted the role 'of a politician isn't to engage in promoting a speculative asset'. When another person claimed he was 'embarrassing' himself and told him to study Bitcoin further, he questioned why he should, asking, 'What difference does it matter to you if I understand it or not. If you believe in it then, good for you but mind your own business when it comes to my life and how I choose to live it.' He added that he understood it enough to 'know it's not going to solve Australia's economic problems'. In response to his claims that you 'can't eat Bitcoin', one person pointed out that you 'also can't eat the internet' and asked the politician whether he was 'opposed to that too'. 'No but I'm not claiming the internet is the solution to all our problems. Bitcoiners seem to think Bitcoin is the solution to our monetary problems. It's not. Securing credit against hard assets that generate goods and services is the solution,' Senator Rennick said. 'Whether Bitcoin is worth $10 or $1 million is irrelevant if a nation can't feed itself.' When another social media user told him to read some books on Bitcoin, he responded by telling them to 'get a life'. 'The fact that you care about my views on Bitcoin shows your hypocrisy. I don't pretend to be an expert - I was trolled by a Bitcoin grifter. I prefer to deal in real objects - it's my right to choose that,' he said. 'On the other hand you Bitcoiners claim to want to be free from political interference yet crave my opinion on it. What does it matter. It will go to a million dollars and you will be happy. On the other hand I will be happy enjoying the real world of Mother Nature and being trained in skills that matter.' This is just a small section of the lengthy online bickering that ensued in the wake of Senator Rennick's initial comment. In fact, the reaction was so large that the Australian Bitcoin Industry Body (ABIB) released a lengthy statement admonishing the senator for engaging in such a debate. The body claimed that, as a public representative, he has a duty to engage with the concerns of Australians in an intellectually honest way, rather than 'dismiss them from a place of confusion or authority'. It accused Senator Rennick of having a 'deep misunderstanding' of Bitcoin, warning this could ultimately lead to bad policy. 'This isn't about whether Australians can use Bitcoin — we already do. This is about whether our government is capable of understanding how Bitcoin can enrich the nation, drive innovation, and build long-term resilience for Australians,' ABIB said.
Zawya
6 days ago
- Business
- Zawya
Hyperliquid price prediction 2026 hints at $73, but can it keep up with qubetics' 5284% ROI potential?
The year 2026 is expected to be pivotal for the cryptocurrency market, with top altcoins showing signs of strong growth. One standout project capturing significant investor attention is Hyperliquid (HYPE). According to recent forecasts, Hyperliquid Price Prediction 2026 suggests a year marked by remarkable growth and sharp volatility. Trading is expected within a channel of $35.67 to $73.83, with an average price of $54.45 throughout the year. ContentsA Glimpse into Hyperliquid's Forecast: What to Expect in 2026Price Channel for 2026: A Bullish RangeQ1 2026: Kicking Off with StrengthJanuary: Market Optimism Takes OffFebruary: Stable Climb ContinuesMarch: Hyperliquid's Peak PerformanceQ2 2026: Bull Run StrengthensApril and May: Riding the HighsJune: Slight Cooling, Still BullishQ3 2026: Market Consolidation BeginsJuly: Signs of CorrectionAugust and September: Mild DeclineQ4 2026: Return to Baseline and New Entry PointsOctober: Yearly Lows Provide Re-EntryNovember and December: Slow RecoverySpotlight on Qubetics: A Challenger with Massive ROI PotentialFinal Thoughts: Is Hyperliquid Still Worth It?For More Information: In parallel, another project making waves in the crypto community is Qubetics, which is currently in the 35th stage of its presale. As the Qubetics presale gains momentum, the question emerges: Can Hyperliquid match the kind of explosive growth predicted for Qubetics in 2026? A Glimpse into Hyperliquid's Forecast: What to Expect in 2026Price Channel for 2026: A Bullish Range Hyperliquid Price Prediction 2026 indicates a broad trading range between $35.67 and $73.83, showcasing bullish potential. Analysts project a steady climb in price, peaking during the first half of the year before a moderate market correction. This forecast positions Hyperliquid as one of the promising contenders in the altcoin space for 2026. Q1 2026: Kicking Off with StrengthJanuary: Market Optimism Takes Off HYPE is expected to surge in January, with a minimum of $45.35 and a maximum of $57.44. The average price is forecasted at $52.22, setting a positive tone. Hyperliquid Price Prediction 2026 for January reflects investor enthusiasm, yielding a potential ROI of over 117% compared to today's levels. February: Stable Climb Continues The February Hyperliquid Price Prediction 2026 remains optimistic, with the token priced between $48.21 and $51.89, averaging around $49.75. While gains are moderate, the upward trajectory stays intact. March: Hyperliquid's Peak Performance March is projected to be the most bullish month, with HYPE potentially hitting its yearly high of $73.83. The average price of $59.53 indicates massive trading activity. Hyperliquid Price Prediction 2026 in March signals a potential ROI of 179.44%, making it a key target for traders. Q2 2026: Bull Run StrengthensApril and May: Riding the Highs April and May are forecasted to maintain near-peak prices. In April, HYPE could trade between $63.89 and $73.61, while in May it may range from $64.41 to $72.80. During this period, the Hyperliquid Price Prediction 2026 showcases persistent strength, with average monthly prices nearing $70, signaling high confidence in the token's market position. June: Slight Cooling, Still Bullish June brings a modest decline, with prices averaging $67.98. Even with a slight dip, the Hyperliquid Price Prediction 2026 remains highly favorable, showing continued market optimism. Q3 2026: Market Consolidation BeginsJuly: Signs of Correction July's average price dips to $60.79, with HYPE trading as low as $52.85. The Hyperliquid Price Prediction 2026 hints at a market cooldown, possibly driven by profit-taking and macroeconomic shifts. August and September: Mild Decline In August, Hyperliquid is expected to hover around $54.89, while in September the average drops to $46.49. Despite lower averages, the Hyperliquid Price Prediction 2026 still offers over 100% ROI from current levels, making it a viable option for long-term holders. Q4 2026: Return to Baseline and New Entry PointsOctober: Yearly Lows Provide Re-Entry October may mark the low point for HYPE, trading between $35.67 and $44.64. This phase could offer an attractive re-entry for new investors. According to the Hyperliquid Price Prediction 2026, even the lowest projections outperform current prices by a significant margin. November and December: Slow Recovery November brings moderate recovery, with HYPE climbing back to an average of $39.31, followed by $42.25 in December. The final months, while not as explosive, close the year with stability, reaffirming the overall bullish Hyperliquid Price Prediction 2026. Spotlight on Qubetics: A Challenger with Massive ROI Potential While Hyperliquid is forecasted to perform strongly, Qubetics is making its own headlines with an aggressive presale and massive ROI projections: Current Price of $TICS (Qubetics Token): $0.2785 After Presale Predictions:$1 per TICS → 258% ROI$5 per TICS → 1694% ROI$6 after Mainnet Launch → 2053% ROI$10 after Mainnet Launch → 3489% ROI$15 after Mainnet Launch → 5284% ROI Qubetics is quickly emerging as a high-growth contender. Its 35th crypto presale stage is open to all investors and offers TICS tokens at $0.2785. The project has already attracted a substantial community. The scale of adoption—over 26,800 holders and $17.2 million raised—suggests a well-backed ecosystem with long-term ambitions. Final Thoughts: Is Hyperliquid Still Worth It? HYPE is positioned for strong performance based on the Hyperliquid Price Prediction 2026, particularly in the first half of the year. With highs reaching $73.83 and average prices maintaining strength above $50, HYPE offers substantial upside for both new and seasoned investors. However, when compared to the explosive ROI potential of Qubetics, some investors may diversify their portfolios to include both tokens. Whether holding Hyperliquid or exploring new opportunities like Qubetics, 2026 is shaping up to be a year of significant gains. The key will be timing entries wisely—early months for HYPE and now for Qubetics—to maximize returns in a market primed for growth. Hyperliquid Price Prediction 2026 remains one of the most talked-about topics among analysts, and rightfully so. Its consistent appearance in bullish forecasts reflects confidence in its technology and market presence. Still, the rise of presale stars like Qubetics reminds us that in crypto, early moves often yield the greatest rewards. For More Information:Qubetics: Presale: Twitter: Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
