
Speculators in the cryptocurrency industry have been making varying predictions about Bitcoin, with some like Arthur Hayes not being bothered whether his predictions end up wrong. However, some people are still not sold on meme related coins. Specialized coins like the Mario Kart World Coins have stirred debates because of their unexpected functionality. Bitwise CEO suggests that Bitcoin could potentially disrupt the $30T Treasury store of value market. Track records of meme coins continue to be questionable with Donald Trump Jr. distancing himself from $TRUMP meme coin. There's huge anticipation around the ICO of Punisher Coin with investors likening it to the successful surge of PEPE.
Also making rounds are the issues facing Pi Coin holders who are locked out due to KYC complications. Meanwhile, New York City officials have shot down rumors of issuing BitBonds anytime soon. Despite these setbacks, crypto traders and investors are excited about Solana's first layer-2 with the $49M Solaxy presale. Optimism is also high with Coinbase listing some selected meme coins. Serious coin investors are, however, keeping the valuable information to themselves. Surprisingly, SEC has stated that meme coins are not securities.
Further on, Baby Boomers have shown interest in Bitcoin after years of skepticism towards the cryptocurrency, suggesting a possibly new all-time high for Bitcoin. There's a high speculation about the Arctic Pablo Coin blowing up in value tag, mirroring how Floki performed. The IMF takes a healthy stance towards El Salvador's Bitcoin accumulation to ensure the country's financial sustainability. Meanwhile, Michael Saylor is pushing for the US government to purchase up to 25% of Bitcoin supply for strategic reserve.
In terms of significant performances, stablecoins are on track for a $2T market cap by 2028, and Bitwise interestingly suggests that Bitcoin can absorb $30T US Treasury market. On a contrasting note, it is important to note that the likes of Congress and some investors don't support strategic Bitcoin reserve.
T Coin News Analytics from Tue, 03 Sep 2024 07:00:00 GMT to Tue, 17 Jun 2025 14:31:29 GMT - Rating 5 - Innovation 2 - Information 6 - Rumor 3