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.
Cryptocurrency prices are fluctuating with Bitcoin trading around $64,694, up 0.90%, and Ethereum at $1,912.77, up 0.30%. While some major coins like Binance Coin and XRP show slight declines, others such as Solana and TRON have gained over 1%. Small...
Reports from BlackRock and VanEck explain that Bitcoin's 50% crash was driven by extreme leverage and capital rotation, not broken fundamentals. BlackRock highlights $90 billion in futures open interest with high leverage and ETF outflows as key pres...
Bitcoin miners are under financial pressure, leading them to sell more BTC and reduce mining capacity, causing a 21% drop in the 30-day Mean Hash Rate. This miner selling returns BTC to circulation, increasing supply near Bitcoin's lower price range ...
Bitcoin's recent low volatility suggests a potential 30% price move soon, according to Fundstrat's research. However, past patterns show this move could be either up or down, creating uncertainty. Rising U.S. 10-year Treasury yields may pressure Bitc...
Cryptocurrency markets display mixed price changes, with Bitcoin rising 1.7% to $64,751 and Ethereum up 0.6% at $1,914. Other altcoins show varied performance, with some gaining modestly while others decline. This volatility reflects ongoing market u...
