Ex-fund manager pegs Bitcoin at $2 million by 2031. But that’s a $45 trillion market cap

Greg Foss, the Executive Director of Validus Power Corp, which uses flare gas to mine Bitcoin, lays out the case for a $2 million BTC price.
The post Ex-fund manager pegs Bitcoin at $2 million by 2031. But that’s a $45 trillion market cap appeared first on CryptoSlate. …

Dogecoin, Musk, and $60 million NFT froth: Why Ruffer sold $1bn in Bitcoin

Ruffer Investment Company Limited invested roughly $600 million in Bitcoin (BTC) in November 2020 but sold its exposure in April, while the crypto was still pumping and its price fluctuated between $50,000 and $65,000, profiting more than $1 billion in about five months.  According to Ruffer’s year-end review for the 12 months ending June 30, […]
The post Dogecoin, Musk, and $60 million NFT froth: Why Ruffer sold $1bn in Bitcoin appeared first on CryptoSlate. …

The people of El Salvador are protesting against Bitcoin bill

President Nayib Bukele’s bill that granted Bitcoin (BTC) a legal tender status in El Salvador is yet to be enforced in September but after the country’s distrust of the new legislation became apparent through opinion surveys, Salvadorans started voicing their disapproval in the streets.  Bukele effectively pushed the law through parliament, thanks to his Nuevas […]
The post The people of El Salvador are protesting against Bitcoin bill appeared first on CryptoSlate. …

Elon Musk flips positive on Bitcoin (BTC), but the damage is already done

Tesla CEO Elon Musk has flipped positive on Bitcoin once again.
The post Elon Musk flips positive on Bitcoin (BTC), but the damage is already done appeared first on CryptoSlate. …

Jim Cramer calls Tether (USDT) the ‘Achilles heel’ of crypto while USDC gets auditor greenlight

Triggered by this week’s sell-offs, Jim Cramer expressed his concerns that Tether, as “the Achilles heel” of cryptocurrency, brings further risk exposure to markets.
The post Jim Cramer calls Tether (USDT) the ‘Achilles heel’ of crypto while USDC gets auditor greenlight appeared first on CryptoSlate. …

In throwback to Coinbase boss warning, the EU now looking to ban anonymous crypto wallets

The EU is looking at stricter crypto controls under the guise of preventing money laundering and terrorist financing.
The post In throwback to Coinbase boss warning, the EU now looking to ban anonymous crypto wallets appeared first on CryptoSlate. …