Former Binance CEO Changpeng Zhao highlighted Bitcoin's unique inflation protection due to its fixed supply of 21 million coins, contrasting it with AI companies that can dilute shares. He emphasized Bitcoin's role as a hedge against inflation amid rising interest in AI equities, which compete for investment capital. Bitcoin recently rose above $65,000 following softer US inflation data, showing its sensitivity to monetary policy. Zhao remains bullish on Bitcoin's long-term potential, projecting it could reach $1 million by 2033, while viewing AI as a growth opportunity rather than an inflation shield.
Bitcoin recovered to about $63,972 after midweek losses, influenced by a new AI model, Kimi K3, from Beijing's Moonshot AI that outperformed top models from OpenAI and Anthropic. This AI advancement challenges costly infrastructure assumptions, impac...
Bitcoin could see a rally pushing prices toward $67,000 and possibly $74,000-$76,000 before a potential sharp decline around the 2026 U.S. midterm elections. Analysts suggest a post-midterm crash could drop Bitcoin to the $51,000-$56,000 range, clear...
Michael Saylor, founder of Strategy, emphasized that corporate adoption is essential and inevitable for Bitcoin to evolve into a global currency network. Strategy's $3 billion cash reserve helps reduce concerns about forced Bitcoin sales, a positive ...
The Bitcoin put/call ratio dropped to 0.59, its lowest in six months, indicating more call options than puts and growing trader confidence. Meanwhile, Bitcoin's implied volatility index fell from 48 to 40 points, reflecting reduced market fear since ...
T. Rowe Price, managing nearly $2 trillion in assets, launched its first actively managed multi-token crypto ETF (TKNZ) with $15 million initial capital. The ETF includes Bitcoin (41%), Ethereum (18.4%), XRP (9.37%), and Dogecoin (1.28%), marking sig...
