Bitcoin
Bitwise CIO Says 2025 Will Be ‘Exceptional’ for Bitcoin, Predicts BTC Will Hit a Six-Figure Price – Here’s Why
Published
4 hours agoon
By
adminThe chief investment officer of crypto asset management firm Bitwise believes Bitcoin (BTC) will hit six figures sometime next year.
In a new interview on the Altcoin Daily YouTube channel with Aaron Arnold, Bitwise CIO Matt Hougan says that multiple factors seem to be lining up to make 2025 a big year for Bitcoin.
“I think it’s going to be a new all-time high. I think it’s going to be six-figure Bitcoin for sure. And the question is, is it a one handle or is it a two handle? When I say for sure, of course, there are no guarantees. It’s a risky market. You should only invest what you can lose. But the setup for 2025 is really exceptional.”
Hougan says one of the reasons to be bullish on Bitcoin is the effects of the most recent halving event in April, when miners rewards were cut in half.
“This is about the period in Bitcoin’s history where you start to feel the effects of the halving.”
He also expects the spot Bitcoin exchange-traded funds (ETFs) “will be bigger” next year. Other bullish catalysts, he says, include the Fed cutting rates.
Hougan believes that Bitcoin may start hitting fresh all-time highs in less than three months.
“Our view at Bitwise is that crypto will end the year at new all-time highs. It was just a question of when the rally would begin. It’s possible the rally has already begun.”
He also says that investors have plenty of liquidity at the ready that they can sink into the crypto market.
“There is a really significant amount of money on the sidelines.”
Bitcoin is trading for $67,028 at time of writing.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
You may like
Did Jump Trading Just ‘Fracture’ the Trust of the Crypto industry?
Analyst Says Cardano Price Is “Bottoming” After Hitting Two-Year Low
26m US voters make up the ‘crypto voting bloc’ in the 2024 presidential election
Binance Expands Trade Offerings For Scroll, SCR Price Gains Ahead?
Solv Protocol launches staking token to bring Bitcoin yields to Solana
BTC Tops $68K, ETH, SOL, XRP Flux
Bitcoin
Solv Protocol launches staking token to bring Bitcoin yields to Solana
Published
6 hours agoon
October 18, 2024By
adminSolv Protocol has introduced ‘SolvBTC.JUP’, a new Liquid Staking Token that lets Bitcoin investors earn returns through Solana’s decentralized finance ecosystem.
Even though it is only in its pilot phase, SolvBTC.JUP offers Bitcoin holders a way to generate returns, paid in Bitcoin (BTC), by participating in Solana’s (SOL) Jupiter Exchange, according to a press release shared with crypto.news.
The process works by depositing Bitcoin into Solv Protocol. In exchange, users receive SolvBTC.JUP, which represents their staked Bitcoin.
This token accrues yield over time based on Solv’s involvement in the Jupiter Liquidity Provider Pool. The Jupiter Exchange, a platform for decentralized perpetual trading, allows liquidity providers to earn fees based on trading activity.
Solv’s strategy minimizes risks by hedging exposure to market movements while maintaining the Bitcoin stake.
What this means
For Bitcoin holders unfamiliar with DeFi, staking means temporarily locking up tokens to support a network or participate in a trading pool. In return, the staked tokens earn rewards, often in the form of the same token.
SolvBTC.JUP allows Bitcoin owners to participate in this system on the Solana network without giving up their Bitcoin exposure. With an expected return of 12%, per the press release, SolvBTC.JUP builds on Solv’s previous success in offering Bitcoin staking on other platforms.
Source link
Bitcoin
Opacity, Aiming to Launch ‘Verified Data Network’ Powered by zkTLS Technology, Raises $12M
Published
12 hours agoon
October 18, 2024By
adminDynex, a layer-1 blockchain for decentralized quantum computing, powered by a decentralized GPU network, has unveiled what it describes as an “ambitious 10-year roadmap to transition from GPU-based quantum emulation to silicon quantum chips, aiming to capture 25% of the quantum computing market by 2034.” According to the team, “The company has launched a $50 million venture capital round to attract top-tier investors. Dynex plans to release its first Apollo Silicon Quantum Chip by 2025, scaling up to 1 million qubits by 2034 to enable real-time quantum computations. Upholding ethical standards, Dynex ensures transparency and security by recording computations immutably on the blockchain, with DNX as its utility token.” The project documentation states: “The company’s decentralized quantum platform, combined with its silicon-based hardware solutions, represents a future-proof approach to quantum computing.” The project focuses on “neuromorphic quantum computing,” which “utilizes ion drifting of electrons,” according to the website.
Source link
Bitcoin
Trader Says Solana-Based Altcoin That’s Up Over 4x in a Week To Go Higher, Updates Outlook on Fantom and Ethena
Published
20 hours agoon
October 17, 2024By
adminA closely followed crypto analyst and trader believe that one red-hot Solana (SOL)-based memecoin may have even more upside potential after putting up huge gains in the last week.
Pseudonymous analyst Altcoin Sherpa tells his 225,300 followers on the social media platform X that the market cap of Goatseus Maximus (GOAT) could soar more than 130% from its current value.
“GOAT: $500 million [market cap] next in my opinion. Still holding a big bag of this and will consider taking a bit of profit there.”
GOAT is trading for $0.2176 at time of writing, up more than 400% from its low of $0.0435 reached on October 13th. With a current market cap of $216,865,708, GOAT is the 276th largest crypto project.
Next up, the analyst is expressing longterm bullish sentiment on layer-1 blockchain Fantom (FTM). However, he warns FTM may decline below $0.71 in the near term.
“FTM looks decent to me still and I’m still holding a bag. Hoping it doesn’t go back within that trading range, but it’s looking somewhat likely at this point. More of a buy and hold bag for me.”
FTM is trading for $0.74 at time of writing, down 1% in the last 24 hours.
Lastly, the analyst says Ethena (ENA), a synthetic dollar protocol on Ethereum (ETH), could surge after bouncing off of a Fibonacci retracement level at $0.38.
“Currently long ENA at the .382 fib plus support/resistance level. Targeting low $0.40s.”
ENA is trading for $0.39 at time of writing, down more than 1.9% in the last 24 hours.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
Did Jump Trading Just ‘Fracture’ the Trust of the Crypto industry?
Analyst Says Cardano Price Is “Bottoming” After Hitting Two-Year Low
26m US voters make up the ‘crypto voting bloc’ in the 2024 presidential election
Bitwise CIO Says 2025 Will Be ‘Exceptional’ for Bitcoin, Predicts BTC Will Hit a Six-Figure Price – Here’s Why
Binance Expands Trade Offerings For Scroll, SCR Price Gains Ahead?
Solv Protocol launches staking token to bring Bitcoin yields to Solana
BTC Tops $68K, ETH, SOL, XRP Flux
SEC Files Last-Minute Appeal in Ripple Case—Why the XRP Army is Outraged
PropiChain whitelist presale could surge 10,000x
Montenegro Discloses Next Step In Terra Luna Do Kwon’s Extradition
Opacity, Aiming to Launch ‘Verified Data Network’ Powered by zkTLS Technology, Raises $12M
Telegram gaming sees NFT and user engagement boom in Q3 2024: report
US SEC Files Appeal Pre-Agreement Statement In Ripple Lawsuit
Live Election Day Coverage for Bitcoiners
Cardano Bullish Pattern Suggests A Breakout – Can ADA Reach $0.54?
182267361726451435
Top Crypto News Headlines of The Week
Bitcoin Open-Source Development Takes The Stage In Nashville
Why Did Trump Change His Mind on Bitcoin?
Ethereum, Solana touch key levels as Bitcoin spikes
New U.S. president must bring clarity to crypto regulation, analyst says
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
‘Hamster Kombat’ Airdrop Delayed as Pre-Market Trading for Telegram Game Expands
Citigroup Executive Steps Down To Explore Crypto
Mostbet Güvenilir Mi – Casino Bonus 2024
Bitcoin flashes indicator that often precedes higher prices: CryptoQuant
Crypto Market Movers: 5 Altcoins Making Waves This Bull Run
Trending
- 1 month ago
182267361726451435
- 24/7 Cryptocurrency News2 months ago
Top Crypto News Headlines of The Week
- Opinion3 months ago
Bitcoin Open-Source Development Takes The Stage In Nashville
- Donald Trump3 months ago
Why Did Trump Change His Mind on Bitcoin?
- Bitcoin3 months ago
Ethereum, Solana touch key levels as Bitcoin spikes
- News2 months ago
New U.S. president must bring clarity to crypto regulation, analyst says
- Altcoins2 months ago
Ethereum Crash A Buying Opportunity? This Whale Thinks So
- Bitcoin3 months ago
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential