California Democrat and political commentator Van Jones characterized the act of some people buying Bitcoin (CRYPTO: BTC) as a form of “prayer,” reflecting a hope for a better financial outcome amid economic uncertainty and frustration with governmental financial policies. “A lot of people are buying crypto as a prayer, as a prayer for a better tomorrow, as a hope that somehow something will go good for them,” he said on Sunday.
Coinbase director Conor Grogan says Bitcoin wallets left behind by Ross Ulbricht when he was imprisoned for his underground online marketplace Silk Road are still holding tens of millions of dollars worth of BTC. On Tuesday, U.S.
Larry Fink, CEO of BlackRock, has suggested that Bitcoin could reach $700,000 per coin, citing its growing role as a hedge against economic instability. His projection, sparked by a discussion with a sovereign wealth fund, highlights the increasing momentum of institutional adoption and its potential to reshape market dynamics.
Despite a rally in the US Dollar Index and cooler-than-expected Consumer Price Index data, inflationary fears persist.
Larry Fink, the head of the world's largest asset management firm, said today during an interview at Davos that there is one scenario in which Bitcoin could surge to as much as $700,000.
Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, appeared to have fallen short of expectations for massive upside momentum following pro-crypto Donald Trump's presidential inauguration. Currently, the overall market seems to be struggling, with a few cryptocurrencies witnessing price rallies while others appear to be moving sideways or consolidating.
Donald Trump's inaugural speech caught many crypto enthusiasts by surprise, as he did not mention cryptocurrencies or blockchain technology, despite earlier speculation. The absence of any reference to digital currencies has left the cryptocurrency market uneasy and uncertain about what the future holds under Trump's administration.
The CEO of the largest asset manager in the world says that Bitcoin (BTC) could see drastically higher prices if sovereign wealth funds begin accumulating.
Bitcoin is consolidating between $100,000 and $109,588, and charts currently indicate a higher chance of an upside breakout.
During a recent interview with CNBC, David Solomon, chief executive officer at banking giant Goldman Sachs, opined that Bitcoin will not pose a threat to the U.S. dollar.
Bitcoin's price surge following President Donald Trump's inauguration, the market's mood has shifted dramatically. Bitcoin, which reached an all-time high near $110,000, has seen its gains dwindle, raising concerns about the potential for a price crash.
Bitcoin's price action points to an interesting price pattern that could see BTC reach $122,000 in a few weeks. 10x Research Projects 15% Climb for Bitcoin Bitcoin may rally by 15% in the coming days, potentially reaching $122,000 in February before entering a consolidation phase.
TL;DR Larry Fink, CEO of BlackRock, stated that Bitcoin could act as a safe haven against economic and political instability. Despite the recent drop in BTC, Fink highlighted its growing adoption and its potential role as an “international instrument” to overcome geopolitical risks. BTC could reach values ranging from $500,000 to $1,000,000 per unit.
The global investment management firm plans to launch two similar funds in February.
Market analysts believe Bitcoin could continue with its price consolidation phase in the coming months. However, the coin has the potential of moving downwards.
Look for the Bitcoin Bay's Pirate float in the Gasparilla Parade this year in Tampa Bay.
Coinbase's Conor Grogan identified 430 dormant BTC linked to Ross Ulbricht as the Silk Road founder received a full pardon from Trump.
As speculation about the possibility of Donald Trump developing a strategic Bitcoin reserve in the United States (US), one crypto pundit has laid out a compelling sequence of events they believe must occur before such a move becomes a reality.
While the Bitcoin price is hovering just below the old all-time high of December 17, US Senator Cynthia Lummis and Eric Trump reportedly convened at the Capitol yesterday to discuss the notion of creating an American Strategic Bitcoin Reserve (SBR). Bloomberg's Steven Dennis broke the news, while Swan, a crypto-focused platform, spotlighted Eric Trump's now-deleted retweet about the meeting.
In a recent conversation, the Goldman Sachs CEO, David Soloman has made a huge statement that has sparked excitement among crypto enthusiasts. “I am a big believer in the US dollar. Bitcoin is an interesting speculative asset. I don't see Bitcoin as a threat to the US dollar,” he said.
The Binance Bitcoin Funding Rates metric has emerged as a vital tool for analyzing Bitcoin's market trends. According to CryptoQuant's verified analyst Burak Kesmeci, examining funding rates during the 2020-2021 bull run reveals patterns that could guide today's market behavior.
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Fink speculated about what might happen if everyone sought to allocate 2% to 5% of their assets to bitcoin.
American real estate mogul Grant Cardone is creating new investment vehicles that mix real estate and bitcoin.
Goldman Sachs CEO David Solomon spoke at the World Economic Forum, stating that Bitcoin doesn't endanger the US dollar's stability or international role. During his World Economic Forum speech in Davos, Switzerland, Solomon called Bitcoin a “speculative asset worth monitoring” but stressed that US dollars keep driving global economic exchanges.
The FTX implosion may seem like a distant memory when Bitcoin (BTC) slumped to $15,000 lows in November 2022. The sentiment during that time was extreme fear, and the industry never imagined it would bounce back.
Bitcoin (BTC) hit a new all-time high in anticipation of Trump's inauguration and prioritization of crypto, however the event disappointed many traders. BTC has since corrected to $105,000 on Tuesday.
Goldman Sachs' stance on Bitcoin highlights the enduring dominance of the US dollar and the regulatory challenges facing crypto integration. The post Goldman Sachs CEO sees Bitcoin as a speculative asset, not a threat to the US dollar appeared first on Crypto Briefing.
And Ethereum could rocket to $10,000 per coin, the bank added.
During an interview with Bloomberg, Larry Fink, the CEO of BlackRock, an asset management firm, shared his thoughts on Bitcoin (BTC), the world's largest cryptocurrency by market cap. He described it as an ideal hedge against economic and political instability. Additionally, he made a bold prediction that has garnered widespread attention from crypto enthusiasts.
Despite no immediate action from freshly-inaugurated president Donald Trump, the odds of a strategic Bitcoin (CRYPTO: BTC) reserve in 2025 have increased on prediction market Kalshi. A market shows a 64% probability, up from 55% at the start of 2025 and 61% on inauguration day.
Many public-traded companies are adopting a "MicroStrategy" strategy of buying Bitcoin after Donald Trump's reelection.
Investors looking for the best crypto to buy now are discussing Markus Thielen of 10x Research predicting Bitcoin ($BTC) to hit $122K by February, roughly 15% from the current price of $105K. Thielen points out a bullish wedge pattern on $BTC's chart, which presents a low-risk entry opportunity.
Senator Cynthia Lummis has laid the groundwork for the upcoming development of Bitcoin in the United States.
SSeveral wallets associated with Ross Ulbricht reportedly hold approximately 430 Bitcoin that were not confiscated by the U.S. government, according to a Coinbase executive. Conor Grogan, Coinbase's director of product strategy, claimed in a post on X on Jan.
Bitcoin options trading reflects unprecedented bullish sentiment on CME, while spot Bitcoin ETFs continue to see massive inflows despite Trump's inaugural speech.
In a recent interview BlackRock CEO Larry Fink has said that Bitcoin could go up to $700,000 if there is more fear of currency debasement and economic instability. JUST IN: $11.5 trillion BlackRock CEO Larry Fink says Bitcoin could go up to $700,000 if there is more fear of currency debasement and economic instability.pic.twitter.
Conor Grogan, a Director at Coinbase, has identified 430 BTC distributed across various wallets potentially tied to Ross Ulbricht, the founder of the Silk Road marketplace. These Bitcoin holdings, untouched for over a decade, are estimated to be worth $47 million based on current market prices.
Standard Chartered‘s Geoffrey Kendrick on Wednesday cautioned that digital asset prices are poised for a potential 10-20% correction as “hope” that is currently driving the markets fades. This assessment comes after President Donald Trump's day one executive orders made no mention of digital assets, causing an immediate negative effect on prices.
The community is celebrating Ross Ulbricht's pardon, with many discussing how it could impact the public image of Bitcoin around the world.
In a tweet, Bitcoin historian Pete Rizzo shared a significant moment from 16 years ago about Hal Finney, one of the earliest Bitcoin pioneers working on Bitcoin when its value was still $0.
MicroStrategy, the business intelligence firm with a huge bet on Bitcoin (BTC), has made remarkable returns for its investors. MicroStrategy's executive chairman, Michael Saylor, shared the significant achievement with the community in an X post.
Coinbase CEO Brian Armstrong said that Bitcoin is a nice check and balance on deficit spending and high inflation. The executive spoke during the World Economic Forum in Davos highlighting the way forward for the crypto industry under Trump's administration.
Bitcoin, priced at $103,458 to $104,206 over the past hour with a 24-hour trade volume of $70.41 billion and a market valuation of $2.06 trillion, has seen an intraday price range between $102,784 and $107,245, signaling active market participation and notable volatility.
President Trump has kept one of his reelection promises by pardoning Ross Ulbricht, the founder of Silk Road and a key figure in the early days of Bitcoin, who has been in prison for 12 years.
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According to analyst Conor Grogan, various wallets associated with the recently released Silk Road founder Ross Ulbricht are still worth roughly $47 million at current prices.