Bitcoin Price Could Rise to $180,000 by 2024 Halving, Says Fundstrat
Fundstrat predicts that Bitcoin’s price could reach $180,000 by the next block reward halving event in 2024. This surge is expected due to increasing demand, largely driven by the anticipated approval of a Bitcoin ETF.
- Fundstrat forecasts a potential 521% price increase for Bitcoin.
- The surge is attributed to rising demand and the approval of a Bitcoin ETF.
- The next block reward halving event is expected to occur in April 2024.
- The predicted price of $180,000 is significantly higher than the current levels.
Indian Analyst: World War III Already Started, BRICS Could Merge With SCO
The president of a New Delhi-based think tank believes that World War III has already begun. He also anticipates the merging of the BRICS economic bloc with the Shanghai Cooperation Organization (SCO), creating a stronger and more meaningful organization.
- An Indian analyst claims that World War III is already underway.
- The analyst foresees the merging of BRICS with SCO.
- The merged organization is expected to be clearer, stronger, and more significant.
- BRICS consists of Brazil, Russia, India, China, and South Africa.
X Will ‘Never’ Launch a Crypto Token, Says Musk
Tech investor Elon Musk has stated that his social media platform X, formerly Twitter, will never launch its own cryptocurrency token. This statement was made in response to a user’s warning about fake coin projects using Musk’s name and the platform’s name for exploitation.
- Elon Musk confirms that X will not create its own cryptocurrency token.
- A user warned about fake coin projects exploiting Musk’s name and X’s name.
- Musk’s response suggests a clear stance against launching a crypto token.
- The platform was formerly known as Twitter.
SEC Seeks to Appeal Ripple-XRP Ruling – Requests Stay of Proceedings
The U.S. Securities and Exchange Commission (SEC) has requested permission to file an interlocutory appeal in the SEC v. Ripple case over XRP. The SEC also seeks to stay the district court proceedings during the appeal process.
- The SEC wants to appeal the ruling in the SEC v. Ripple case.
- The case revolves around the cryptocurrency XRP.
- The SEC also requests a stay of the district court proceedings.
- The appeal and stay are part of the ongoing legal battle between the SEC and Ripple.
Hot Take
The cryptocurrency market continues to generate buzz and speculation. With Bitcoin predicted to potentially reach $180,000 by 2024 and the ongoing legal battles surrounding cryptocurrencies like XRP, the industry remains dynamic and full of opportunities and challenges. It is important for crypto readers to stay informed and cautious in this ever-evolving landscape.