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 experienced a sharp flash crash, dropping over 6% after rising more than 25% this week and nearly touching $80,000. Despite this, BTC remains up over 21% for the week, indicating a healthy correction rather than a major crash. Strong inflows ...
XRP is experiencing its biggest weekly gain since late 2024, rising between 30% and 67% after the US Treasury announced it would double its long-term bond buyback program from $2 billion to $4 billion per operation starting September 9. This move has...
Bitcoin's price fell from a high of $79,473 to $75,568 due to short-term selling pressure near the $80,000 psychological barrier, but it maintained support above $75,000. This pullback reflects profit-taking by short-term holders who moved 53,000 BTC...
Shiba Inu (SHIB) has been officially approved as one of only six cryptocurrencies by Japan's Financial Services Agency, marking the end of a four-year freeze on new crypto licenses. This recognition places SHIB alongside major coins like Bitcoin and ...
Bitcoin recently traded near $76,600 after dipping to around $57,717 in July, aligning with veteran trader Peter Brandt's forecast of $58,000–$62,000, though the timing was off. Brandt initially predicted the price would reach this range within two w...
