If these cryptocurrencies were one of the countries participating in Euro2024: 🪙⚽🏆 As we envision a future where nations embrace cryptocurrencies, let's explore potential pairings of digital assets with Euro 2024 participant countries: Germany - BTC (Bitcoin): Symbolizes economic strength and prominence. Hungary - ETH (Ethereum): Diverse, innovative, with smart contract capabilities. Scotland - LINK (Chainlink): Historical ties support Chainlink's aim to connect smart contracts with real-world data. Switzerland - BNB (Binance Coin): Mirrors Switzerland's banking role, holding significant financial sway. Spain - SOL (Solana): Sunny vibe reflects Solana's swift, scalable blockchain. Italy - AVAX (Avalanche): Artistic and innovative characteristics akin to Avalanche's blockchain technology. England - XRP (Ripple): Ripple's global financial influence stems from historical connections, especially in cross-border payment solutions. Denmark - TRX (Tron): Efficiency and simplicity, aligning with Tron's user-friendly decentralized applications. Slovenia - TON (The Open Network): Blends Alpine charm with advanced connectivity, cultivating a diverse digital ecosystem. Serbia - MATIC (Polygon): Committed to scalability, echoing Polygon's layer 2 solutions. France - DOT (Polkadot): Cultural diversity and collaboration align with Polkadot's interoperability. Austria - LTC (Litecoin): Stability and reliability. Netherlands - SHIB (Shiba Inu): Open-minded, experimental approach aligns with Shiba Inu's playful nature. Belgium - BCH (Bitcoin Cash): Pragmatic and straightforward, reflecting Bitcoin Cash's emphasis on fast, low-cost transactions. Slovakia - ATOM (Cosmos): Emphasizing interoperability and connection, like Cosmos' aim for a connected blockchain ecosystem. Portugal - LEO (LEO Token): Innovative approach, defining LEO Token's role in Bitfinex. Türkiye - XLM (Stellar): Stellar's focus on fast, low-cost remittances aligns with ambitions for financial inclusion and cross-border transactions. #UEFA #UEFAEURO2024 #EURO2024 #football

In a recent update on a popular social media platform, David Schwartz, Ripple’s Chief Technology Officer (CTO), announced the celebration of his 11th year with the company. His “11-year Rippleversary” milestone is significant in cryptocurrency, particularly for enthusiasts and investors of XRP, Ripple’s native digital currency. The announcement has garnered widespread attention and positive reactions from the XRP community. David Schwartz marks milestone amidst major XRP movements Significant developments and milestones have marked Schwartz’s tenure at Ripple. His announcement implies that it has been 11 years since the initial launch of the XRP Ledger (XRPL), a key moment in the history of Ripple and its cryptocurrency. Initially named OpenCoin, the company was founded and later rebranded as Ripple Labs in the same year. Schwartz’s role in these foundational moments is crucial, and his contributions to the XRP Ledger and XRP currency are widely recognized and celebrated by the Ripple community. The response to David Schwartz’s announcement on social media was overwhelmingly positive. The XRP community, often called the “XRP army,” expressed their congratulations and support for the David Schwartz, highlighting the strong community engagement and loyalty that Ripple has cultivated over the years. In other news related to Ripple, Whale Alert, a service that tracks large cryptocurrency transactions, reported on significant movements of XRP tokens by Ripple. Approximately 13 hours ago, Ripple executed three large transfers involving substantial amounts of XRP. These transfers included 500 million, 200 million, and 100 million XRP, valued collectively at over $486 million. This movement is part of Ripple’s regular transactional activities, where a massive 1 billion XRP was released on December 1st, and 800 million XRP was subsequently returned to escrow. Additionally, Whale Alert observed an independent transaction involving an anonymous whale withdrawing 17.9 million XRP, worth approximately $10.85 million, from Bitso. Bitso, a leading crypto exchange in Latin America and a Ripple partner plays a pivotal role in Ripple’s payment service, which uses XRP to facilitate transactions. This service, formerly known as On-Demand Liquidity (ODL), has recently rebranded. Ripple continues growth, driven by strong community support The recent activities and celebrations around David Schwartz and the XRP Ledger highlight the ongoing interest and confidence in Ripple’s technology and cryptocurrency. As Ripple continues to evolve and expand its services, particularly in international payments and remittances, the company remains a significant player in the blockchain and cryptocurrency industry. The consistent community support, as evidenced by the reactions to Schwartz’s anniversary and Ripple’s continued operational movements, indicates a strong and engaged user base. This base is crucial for developing and adopting Ripple’s services and the XRP cryptocurrency. Ripple’s journey, spearheaded by leaders like David Schwartz, is a topic of interest in cryptocurrency. The company’s ability to adapt and innovate, as seen in its regular financial activities and partnerships with exchanges like Bitso, positions it well for future advancements in the digital currency space. As Ripple’s CTO celebrates his 11th year with the company, reflecting on the launch of the XRP Ledger, the Ripple community and cryptocurrency enthusiasts alike look forward to the continued growth and evolution of Ripple and its contributions to the blockchain and digital currency sectors.

The Central Bank of Solomon Islands has unveiled a proof-of-concept for a central bank digital currency (CBDC) called Bokolo Cash. The digital currency will have a value equal to one Solomon Islands dollar and can be used for retail transactions and person-to-person transfers in the capital city, Honiara. The project will also test wholesale transfers between commercial banks and simulate cross-border payments and remittances. Participants in the project will undergo a two-tier Know Your Customer verification process. Bokolo Cash will operate on a custom-made blockchain based on Hyperledger's Iroha and will be connected to Soramitsu's public Sora blockchain. Soramitsu's Fearless Wallet will be used for transfers and QR codes. The project was initiated on 1 November and was officially announced on 29 November. The Central Bank's governor said the CBDC project demonstrates the country's commitment to embracing the future of digital currency. Read more AI-generated news on: https://app.chaingpt.org/news

Making sure people and companies have access to good financial products and services is financial inclusion. It drives economic progress and reduces poverty. Bitcoin has emerged as a financial inclusion tool in recent years. Its low transaction costs and decentralization could help unbanked and underbanked people, especially in developing countries. Bitcoin can enable secure, efficient cross-border transactions, empower individuals to manage their finances, and eliminate banks by using blockchain technology. This blog article examines how Bitcoin may affect unbanked people and the relevance of financial inclusion in emerging nations. Understanding how blockchain and Bitcoin may provide financial services to the unbanked and underbanked can illuminate an innovative solution that could empower people and boost economic progress. Understanding Financial Exclusion Without access to banking, credit, and insurance, people are financially excluded. This significantly impacts individuals and communities' ability to save, invest, and participate in the formal economy. People without these services are more likely to be poor, unable to acquire assets, and unable to establish and expand businesses. Financial exclusion creates social and economic inequality, impeding economic growth. Financial services are difficult for unbanked people to access without identification. Financial organizations often require formal identification to create accounts or provide credit to marginalized people. This bans them from formal banking. Bank branch distance is another obstacle. Rural and underserved locations may have few bank branches, making financial services difficult to access. Those without reliable transportation or restricted mobility may struggle with this physical barrier. Poor financial education is another obstacle. Unbanked people may be scared to use formal financial institutions without understanding their products and services. Financial exclusion hinders economic growth and poverty reduction. Lack of financial services prevents people from saving, investing, or borrowing money to create enterprises or improve their lives. This fuels poverty and hinders community growth. Individuals without access to official financial institutions may turn to predatory loans or dangerous informal financial arrangements, increasing their financial vulnerability. Thus, inclusive economic development and poverty reduction require tackling financial exclusion. The Role of Bitcoin in Facilitating Financial Inclusion Decentralized digital currencies like Bitcoin are not governed by governments. All transactions are recorded and verified using blockchain technology. Bitcoin is decentralized, so anyone with an internet connection may use it, regardless of location or finances. Bitcoin allows people to deposit, move, and receive funds without traditional financial institutions at low cost and efficiency, making it a significant instrument for financial inclusion. Bitcoin gives the unbanked access to financial services without traditional banking infrastructure. Bitcoin's decentralization lets people manage their own funds without intermediaries, minimizing economic discrimination. Bitcoin's borderlessness connects isolated people to the global economy, enabling economic progress and financial emancipation. The low cost of Bitcoin transactions makes it excellent for low-income people. Those with minimal financial resources may struggle to pay large transfer fees from traditional banks. Low-income people can afford Bitcoin transactions due to their low fees. Low-income people can engage in the global economy and gain from financial inclusion and empowerment due to this affordability aspect. Impact of Bitcoin on Unbanked Populations The decentralized structure of Bitcoin lets those without bank accounts safeguard their funds securely. Unbanked people can build wealth and secure their assets without centralized financial institutions. Bitcoin also makes cross-border transfers rapid and cheap, which benefits unbanked people who use remittances. Bitcoin transactions cut international money transfer fees by eliminating intermediaries, guaranteeing more funds reach their intended receivers. Bitcoin's decentralization lets those without bank accounts store their savings securely. This allows unbanked people to build wealth and secure their assets without banks. Bitcoin's transparency and immutability allow unbanked people to acquire credit and financial identities. This may provide them access to new financial services and opportunities. Overall, Bitcoin has potential. Manage their own funds and reduce bank dependence. Bitcoin allows users to transact without a bank account, avoiding exorbitant fees and transaction expenses. Financial independence may empower emerging nations and improve living conditions. Bitcoin is also decentralized and not subject to government control or inflation, making it a stable financial alternative in shaky economies. #BTC

The Central Bank of Solomon Islands has launched a proof-of-concept for a central bank digital currency called Bokolo Cash, with support from Japanese blockchain Soramitsu. Bokolo Cash will be worth one Solomon Islands dollar and can be used in retail settings and for person-to-person transfers in the capital city Honiara. The project will also test wholesale transfers between commercial banks and simulated cross-border payments and remittances. Users will undergo “two-tier” Know Your Customer verification, and the currency will operate on a tailor-made blockchain based on Hyperledger’s Iroha with connectivity to Soramitsu’s public Sora blockchain. #BTC：

In a recent AMA, Binance CEO Richard Teng presented robust goals that prioritized user-centric techniques and widespread acceptance of cryptocurrencies. Richard Teng, the recently appointed CEO of Binance, answered questions from users, discussed his vision, and laid out the company’s future course in a recent live Ask Me Anything (AMA) session. Teng, in the meantime, talked about Binance’s dedication to users, security, and international compliance standards while expressing gratitude for user support. Notably, the AMA addressed important subjects like current difficulties, user security, international expansion strategies, strategic alliances, and user-focused projects. Overcoming Obstacles and Prioritizing Users Richard Teng recognized that the recent US probe had put Binance through a difficult time in its company history. Despite this, he highlighted how the problem was resolved and expressed faith in the cryptocurrency exchange’s sound financial standing. Teng, however, reaffirmed Binance’s dedication to its users, stressing the importance of these people to the company’s goal. He also emphasized continued investments in product sustainability and security, reassuring consumers of the platform’s strong financial standing and future-focused approach. Teng highlighted the revolutionizing effect of cryptocurrencies in emerging and frontier economies while sharing observations from his wide-ranging international travels. Interestingly, he highlighted how cryptocurrency solves issues with financial inclusion by allowing payments and remittances at a fraction of the usual expenses. Teng stressed the significance of community passion in propelling the adoption of cryptocurrencies as well as Binance’s commitment to promoting financial independence worldwide. He also underlined how important it is to give user-centric initiatives top priority while making sure that strategic investments are made in a variety of sectors. The objective is to maintain Binance’s standing as a strong and prominent business in the larger cryptocurrency ecosystem. Notably, Teng emphasized the advantages of tripling or even double the current worldwide adoption rate of cryptocurrencies, which stands at 5%. By doing this, he thinks that not only would all the players benefit, but the whole crypto scene would develop significantly as well. He compares it to a rising tide that helps all the boats and boosts the sector as a whole. SOURCE: https://medium.com/@therealcryptojk/binance-ceo-richard-teng-reveals-future-plans-using-user-centric-perspective-99de4f2918af

It appears that withdrawals from crypto exchange Binance have largely subsided after its $4.3-billion settlement with the United States Department of Justice last week. Data from blockchain analytics firm Nansen shows that Binance witnessed a net inflow of $87.4 million in Ethereum token deposits in the past seven days. Meanwhile, the net withdrawal of multichain tokens, which includes Ether (ETH), BNB (BNB), Avalanche’s AVAX (AVAX) and Polygon’s MATIC (MATIC), totaled $59.2 million during the same period. In the initial aftermath of the $4.3-billion settlement, Binance users withdrew more than $1 billion from the exchange. Following the initial rush of deposit withdrawals from @binance last week in response to the news of @cz_binance's departure and legal challenges, outflows from the exchange have settledEthereum: +$86.7M netflow over 7 daysMultichain: -$68M over 7 daysIt's business as usual pic.twitter.com/iMInkTzcBZ — Nansen (@nansen_ai) November 30, 2023 Since then, Binance users have withdrawn more than $7.62 billion from the exchange but have also deposited $7.56 billion in digital assets, according to Nansen data. The value of BNB, the official token of Binance’s BNB Smart Chain, has largely remained unchanged in the past month at $227. Immediately after the settlement, Changpeng Zhao resigned as CEO of Binance, followed by his resignation as chairman of the board of directors of Binance.US on Nov. 29. As part of the settlement, Zhao pleaded guilty to money laundering and faces 18 months to 10 years in prison, depending on how federal sentencing guidelines are interpreted. Sentencing is due in February 2024. Richard Teng, former global head of regional markets at Binance, has been named CEO following Zhao’s departure. In his first blog post as CEO, Teng stated, “I am deeply committed to the promise of blockchain, such as the opportunities for increased financial inclusion, cross-border remittances, and reduced transaction costs. I also see the opportunity to empower individuals to have more control over their personal data.”

Waltonchain stands out as a unique and innovative concept with the potential to change supply chain management and beyond in the dynamic and ever-changing cryptocurrency market. In this detailed tutorial, we’ll go on a quest to solve the secrets of Waltonchain, investigating its origins, capabilities, and potential global influence. UNVEILING THE ORIGINS OF WALTONCHAIN Waltonchain’s story began in 2016, with the vision of creating a blockchain-based ecosystem that could seamlessly integrate with traditional supply chain systems. Led by a team of experienced blockchain pioneers, the project quickly gained traction, garnering attention for its innovative approach to supply chain transparency and traceability. The team behind Waltonchain is led by Dr. Xu Fangming, a renowned blockchain expert and professor at the Shanghai University of Finance and Economics. Dr. Xu is a co-founder of the China Blockchain Research Center and has published over 100 papers on blockchain technology. The Waltonchain team also includes experienced professionals from various industries, including supply chain, logistics, and technology. This diversity of expertise has helped Waltonchain to develop a robust and scalable blockchain platform that can address the needs of a wide range of businesses. THE ESSENCE OF WALTONCHAIN: A TECHNOLOGICAL OVERVIEW At its core, Waltonchain is a public blockchain that employs a combination of innovative technologies to address the challenges of supply chain management. Its unique features include: Dual-Layer Blockchain Architecture: Waltonchain utilizes a dual-layer architecture, consisting of a main chain and a resource chain. This separation allows for efficient processing of transactions while maintaining data integrity. The main chain is responsible for processing transactions and maintaining the overall security of the network. The resource chain is responsible for storing data related to the physical world, such as RFID tag readings and sensor data. Verifiable RFID Tags: Waltonchain integrates with RFID tags, enabling real-time tracking and verification of goods throughout the supply chain. This ensures product authenticity and prevents counterfeiting. Waltonchain’s RFID tags are equipped with a unique ID that is stored on the blockchain. This ID can be used to verify the authenticity of a product at any point in the supply chain. Blockchain-based Consensus Mechanism: Waltonchain employs a Proof-of-Stake consensus mechanism, ensuring network security and energy efficiency. The Proof-of-Stake consensus mechanism requires token holders to stake their tokens to participate in the consensus process. This helps to secure the network and prevent malicious actors from gaining control. REVOLUTIONIZING SUPPLY CHAIN MANAGEMENT WITH WALTONCHAIN Waltonchain’s innovative approach to supply chain management offers a multitude of benefits, including: Enhanced Transparency: Waltonchain’s blockchain technology provides a transparent and auditable record of all transactions, ensuring product authenticity and provenance. This transparency can help to improve trust and collaboration between businesses and consumers. Improved Traceability: The integration of RFID tags enables real-time tracking of goods, providing businesses and consumers with valuable insights into product movement. This traceability can help to improve efficiency and reduce waste. Streamlined Operations: By automating data collection and verification, Waltonchain streamlines supply chain operations, reducing costs and improving efficiency. This automation can help to free up resources for other tasks, such as innovation and customer service. EXPANDING HORIZONS: WALTONCHAIN’S REACH BEYOND SUPPLY CHAIN While supply chain management remains its core focus, Waltonchain’s potential extends beyond this domain. Its blockchain technology can be applied to various industries, including: Healthcare: Tracking pharmaceuticals and medical supplies can ensure patient safety and prevent counterfeiting. Waltonchain’s blockchain technology could be used to track the movement of pharmaceuticals and medical supplies from the manufacturing facility to the patient’s bedside. This could help to ensure that patients receive the correct medication and that counterfeit drugs are prevented from entering the supply chain. Finance: Secure and transparent financial transactions can be facilitated through Waltonchain’s blockchain. Waltonchain’s blockchain could be used to facilitate secure and transparent financial transactions, such as cross-border payments and remittances. This could help to reduce fraud and improve efficiency in the financial sector. Luxury Goods: Authenticating luxury goods and preventing counterfeiting can be achieved using Waltonchain’s RFID tags and blockchain technology. Waltonchain’s RFID tags could be used to track the movement of luxury goods throughout the supply chain. This could help to ensure that consumers are buying authentic goods.   THE FUTURE OF WALTONCHAIN With its innovative approach, Waltonchain has positioned itself as a frontrunner in the blockchain revolution. Its potential to transform supply chain management and beyond is immense, and its future trajectory is filled with promise. As Waltonchain continues to evolve and expand its reach, it is poised to make a significant impact on the world, fostering a future of transparency, efficiency, and trust. The post Exploring The Waltonchain Realm: A Comprehensive Guide To The WTC Crypto appeared first on BitcoinWorld.

The cryptocurrency world is abuzz as Binance, the globe-trotting giant of the crypto exchange universe, welcomes its new CEO, Richard Teng. With a flourish of his digital pen, Teng has launched his inaugural blog, marking a new chapter in Binance’s storied journey. In his debut, Teng doesn’t just dip his toes; he dives headfirst into the deep end, addressing the need for increased collaboration with policymakers and promising a relentless pursuit of the company’s mission: the freedom of money. Steering Binance Into the Future Teng’s arrival at the helm of Binance isn’t just another executive shuffle; it’s akin to a seasoned captain taking the wheel of a mighty ship. His blog makes it clear: the focus is on responsible growth and maintaining the thrust that has propelled Binance to its current zenith. Teng, with over three decades of experience in financial services and regulation, is no stranger to the high seas of the financial world. His words resonate with a commitment to navigate through the crypto winters and summers with equal dexterity. In his blog, Teng emphasizes the importance of innovation and value creation for users – the quintessential Binance ethos. His pledge to continue delivering best-in-class products and services is not just lip service; it’s a reaffirmation of Binance’s commitment to its 160 million-plus users. Teng is not merely walking in the footsteps of his predecessors; he’s charting a new course, with a clear-eyed view of the past and a visionary gaze into the future. A New Era of Collaborative Regulation Beyond the regulatory frontiers, Teng’s blog casts a spotlight on the burgeoning realm of Web3 and its transformative potential. As the new CEO of Binance, Teng recognizes the revolutionary impact of blockchain technology, from reshaping financial inclusion to streamlining cross-border remittances and reducing transaction costs. His determination to drive growth and adoption in this domain is not just about keeping Binance at the cutting edge; it’s about reimagining the financial ecosystem itself. Teng envisions a future where blockchain technology empowers individuals with greater control over their personal data and spawns innovation through decentralized applications. This vision, fueled by Teng’s extensive experience and forward-thinking approach, positions Binance as a vanguard in the journey towards a more inclusive and innovative financial future. Teng’s blog extends beyond Binance. It’s a clarion call for greater collaboration within the industry, especially with policymakers. His goal? To shape a globally harmonized regulatory framework that nurtures innovation while safeguarding consumer interests. This approach is not just about ticking regulatory checkboxes; it’s about being a constructive participant in the dialogue that shapes the future of finance. The new CEO’s rich regulatory background, especially his tenure at the Abu Dhabi Global Market, brings a nuanced understanding of the regulatory landscape to the table. His vision is clear: to foster a regulatory environment that is as progressive as it is protective. Teng’s leadership promises a balanced approach to navigating the complex web of global digital asset regulation. This isn’t just about steering Binance; it’s about leading an industry-wide march towards a more secure and sustainable future for cryptocurrencies. Richard Teng’s inaugural blog as the CEO of Binance is more than a mere announcement; it’s a manifesto for the future. His blend of experience, commitment, and vision sets the stage for Binance’s next phase of growth. As he puts it, the focus remains unwaveringly on the users, the backbone of Binance’s success.

As I have said on Twitter earlier, it is an honor and with the deepest humility that I step into the role of Binance’s CEO, succeeding the visionary founder of this incredible company. Over the past six years, Binance has laid a foundation that has positioned it for decades of continued growth and success. Now, my role is to lead our talented and committed team into that future while respecting and learning from the past. This, together with the trust placed on us by our 160M+ users, are heavy responsibilities that I take seriously.A cornerstone of this organization has always been the idea that innovation should bring value to users. The best way to put this principle into practice – the Binance way – is to consistently deliver best-in-class products that people use and find valuable. As Binance’s new CEO, I am determined to keep steady on this course. We will remain committed to product excellence as we continue to blaze the trail of financial innovation.I accepted this role with the support of CZ and our leadership team. My commitment is to work tirelessly so that we can meet and exceed the expectations of all stakeholders while achieving our core mission: the freedom of money. With three decades of financial services and regulatory experience under my belt, I understand the unique challenges and opportunities that our industry presents, and I am dedicated to steering us through crypto winters and summers alike. We have turned the page on Binance’s historical challenges and we are, in fact, stronger today than we have ever been. Over the course of the past two years, Binance has systematically worked to address its past compliance issues through a series of significant efforts to recruit, hire, and retain the right personnel to strengthen Binance’s compliance program and culture. As an industry, we require more focus than ever on collaborating with policymakers. Only then may we effectively contribute to the development of a globally harmonized regulatory framework that will foster innovation while providing critical consumer protections. I am eager to work with my peers across the industry on this critical effort and know that our voice will be heard more loudly when we’re united. To Our UsersDeeply embedded in Binance’s DNA is the relentless focus on you, our users. You have my word that I will do everything in my power to ensure that you remain the center of all that we do. You should feel confident in the financial strength, security, and safety of the company. I am fortunate to be taking on the leadership of a business whose fundamentals are very strong. Not only does Binance continue to operate the world's largest cryptocurrency exchange by volume but our capital structure is debt-free, our expenses are modest, and, despite the low transaction fees we charge our users, we have robust revenues and profits. But most importantly, we take our responsibility as a custodian very seriously and maintain 1:1 backing for every user asset. Your assets are protected. From our proof-of-reserves system, which we have continuously improved since it was first implemented more than 12 months ago, to our Secure Asset Fund for Users (SAFU) emergency fund, we are committed to ensuring you feel secure in the integrity of our platform.The Future of Web3I am deeply committed to the promise of blockchain, such as the opportunities for increased financial inclusion, cross-border remittances, and reduced transaction costs. I also see the opportunity to empower individuals to have more control over their personal data and to foster innovation through decentralized applications. To that end, I intend to drive growth and the adoption of Web3, continuing efforts to build an ecosystem that provides access to world-changing financial technologies.Making this ambitious vision of a better Web a reality will be impossible without promoting regulatory innovation in a collaborative way. I believe that the years spent at the helm of the Abu Dhabi Global Market, one of the UAE’s foremost international financial centers, equipped me for this component of my new job really well. I am proud to have driven the creation of what is widely regarded as one of the most progressive and forward-thinking regulatory regimes for digital assets in the world. Undoubtedly, this experience gives me the nuanced perspective on the regulatory landscape necessary to lead Binance into the new chapter of its history.I am eager to jump headfirst into my new role and know there will be many more opportunities for me to share my thoughts with the community through blogs like this one, through my social media accounts – Twitter, LinkedIn – and through the many industry conferences and events around the world. As we usher in the next phase of Binance’s responsible growth, I am excited for the opportunity to engage in a meaningful conversation with global policymakers, to ensure crypto investors remain confident in the industry’s future, and to engage and educate the next billion users so that we may work to ensure the long-term sustainability of crypto. Please support me in this journey. Stay tuned. You will hear from me again here soon!Further ReadingBio: Richard Teng, Binance’s New CEOBinance Announcement: Reaching Resolution With U.S. Regulators

Cathie Wood's Bullish Call: Bitcoin to $1.48M by 2030 Cathie Wood's research team anticipates that increasing institutional allocations, purchasing power, and diverse use cases will propel Bitcoin's price. In an interview, Wood discussed her firm's research, highlighting three potential price target scenarios: a bear case of $258,000, a base case of $682,000, and a bullish $1.48 million by 2030. Wood emphasized growing institutional adoption, with institutions gradually increasing their exposure to new asset classes, citing historical parallels in real estate, private equity, and emerging markets. The narrative also touched upon Bitcoin's role as a hedge against inflation, driving demand as the purchasing power of Bitcoin becomes evident. Wood envisioned corporate treasuries increasingly incorporating Bitcoin into their balance sheets as an appreciating asset compared to traditional cash. Additionally, Bitcoin's utility in facilitating efficient remittances amid global hyperinflation and currency devaluation was highlighted, tapping into a significant market. Reflecting on the prospect of Bitcoin surpassing $1 million, the discussion underscored the potential for Bitcoin to replace a fraction of other wealth stores in investor portfolios, potentially yielding substantial returns for early adopters. The interview painted a comprehensive picture of the various factors contributing to the bullish outlook on Bitcoin's future. 📈💼 #BTC #Blast #Onchain #Bitcoin2024 #Priceanalysis $BTC