Fox Business host: Bitcoin price could reach $1 million in the future
Fox Business host Charles Payne believes that as long as the US government does not crack down on Bitcoin, the price of Bitcoin may reach $1 million someday in the future. Payne explained that unlike Bitcoin, stocks allow shareholders to access "great companies" and participate in building the capitalist system that supports the United States. However, Bitcoin may have greater potential for growth and could reach $1 million; it also has the ability to completely change the overbearing (US) government intervention. If citizens refuse to accept CBDC due to privacy or trust issues, Payne is concerned that the government may force them to use it. Charles Payne said: "I hope to see Bitcoin succeed, and I believe it will eventually succeed. It has universal potential to change the world and help those who are currently in hopeless situations." (Cryptopotato)
Who Won Crypto in 2023? The CoinDesk Market Index Broken Down in 6 Charts
Tokens from Injective, a layer-1 blockchain in the Cosmos ecosystem, and Render, a GPU rendering network that migrated this year to Solana from Ethereum, dominated the year's return rankings among the CoinDesk Market Index (CMI) benchmark index of 184 digital assets.
Judge orders Craig Wright to pay more than $1 million in legal fees
A British judge has rescheduled the trial between Craig Wright and the Bitcoin Core developers for February 5th. The judge also approved the developers' second security application, ordering Wright to pay an additional £800,000 (approximately $1 million) by January 5th to cover the developers' legal fees in the event of his defeat. Wright has already deposited £100,000 ($127,000) as a security deposit.
Whales have sold approximately 50,000 BTC in the past week, worth approximately $2.2 billion
According to data monitored by on-chain analyst Ali, Bitcoin whales have sold about 50,000 BTC worth about $2.2 billion in the past week.
BTC falls below $43,500
The market shows that BTC has fallen below $43,500 and is now reported at $43,488, with a daily decline of 0.89%. The market is volatile, so please be prepared for risk control.
Argentina's Foreign Minister Confirms Legalization of Bitcoin for Contractual Agreements
Argentina's foreign minister, Diana Mondino, has confirmed that the country's new government has legalized the use of Bitcoin for contractual agreements. This announcement aligns with the focus of the new administration headed by the newly elected president of Argentina, Javier Milei, who is a Bitcoin supporter and a staunch opponent of central banks. The decree legitimizes the use of specific assets in contracts and payments, including Bitcoin and any other crypto or commodity. At the time of writing, Bitcoin was trading at $43,708, up 0.04% on the day and gaining 2.11% across the week.
Bitcoin Records 75% Higher Daily Trading Volume Than Apple
Bitcoin has performed well this year, despite earlier struggles due to economic conditions such as rising interest rates. When compared to traditional investments like Apple, Bitcoin's daily trading volume has been notably higher, with an average of $22.52 billion compared to Apple's $10.14 billion. This difference in trading volume highlights Bitcoin's resilience and its potential as an alternative investment to traditional options like gold. The fact that Bitcoin surpassed Apple's trading volume signifies that the asset cannot be dismissed merely as a market spectator, and may indicate a possible shift within the financial landscape.
BITCOIN AS A CBDC
Bitcoin will not kill the U.S. dollar. It will become the U.S. dollar, with all controls and restrictions that any CBDC issuer could dream of. “Impossible!” I hear you crying out, giggling to myself in the face of the utmost ignorance that seems to have accumulated quadratically with bitcoin’s price increase. “Bitcoin is freedom money!”
BTC breaks through $44,000
Market shows BTC has broken through $44,000 and is currently trading at $44,033.3, with a daily increase of 3.07%. The market is volatile, so please be prepared for risk control.
Bitcoin Could Reach $160,000 in 2024 Bull Market, Says CryptoQuant Report
Bitcoin could potentially reach $160,000 in a bullish market that analysts predict will occur in 2024 due to a combination of catalysts and historical trends. On-chain analysis firm CryptoQuant suggests that demand from ETFs, the upcoming halving, and growth in stock markets could push bitcoin prices to at least $50,000 in the short term. The analysts also point to factors such as network activity, macroeconomic conditions, and stablecoin liquidity as potential drivers of a positive year for bitcoin and crypto markets in 2024. However, CryptoQuant warns of a potential price correction in the short term due to high unrealized profit margins for recent investors.
