The director of global macro at the asset management giant remains a secular bull on bitcoin, but isn’t optimistic about the next year.
News from Web3, Bitcoin and crypto crurrency launches and market updates
Quantum computing is not currently an existential threat to Bitcoin, but as capital becomes more institutional and long-term, even distant risks require clearer answers.
“If you can do $25 billion in bad year, imagine the flow potential in good year,” said Bloomberg’s Eric Balchunas
The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
Bitcoin bulls are putting up a fight on Friday to break this week’s choppy action that has capped all advances at around $90,000.
An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
DOT has support in the $1.72-$1.74 zone.
The U.S. central bank has been mulling the idea of a “skinny” version of master accounts for firms that want payments access without the deeper Fed demands.
Internet Computer pushed through the $3 level as steady buying demand lifted the token, with traders watching whether momentum can hold above former resistance.
Streamlined SEC approval is a key factor behind that prediction, but Bloomberg’s James Seyffart warned many of the products will struggle to survive.
Speculative token selling accelerated as heavy volume formed near resistance before a sustained pullback.
In its ongoing series of staff statements to illuminate the regulator’s view on crypto matters, the Securities and Exchange Commission touched on broker custody.