Over the past year, our newsroom has put several generative AI chatbots to the test, asking them to forecast everything from the U.S. election to the prices of gold, silver, ethereum, and, naturally, bitcoin. This time, we decided to spice things up: we challenged nine AI chatbots to predict bitcoin's price on Feb.
According to Galaxy Research, the US government is not expected to buy Bitcoin in 2025 but may initiate significant discussions to expand its Bitcoin reserve policy, signaling strategic shifts in its cryptocurrency approach. US Governments Bitcoin Reserve Policy Sparks Debate On Dec. 27, Galaxy Research chief of research Alex Thorn claimed, The US government will not purchase Bitcoin in 2025.
The year's biggest development by far was the approval of Spot Bitcoin ETFs.
Bitcoins clean energy usage has reached the 50% threshold set by Elon Musk, sparking renewed interest in Tesla potentially resuming BTC payments. The milestone showcases the crypto industrys push toward sustainability despite rising global energy costs.
El Salvadors Bitcoin holdings have exceeded 6,000 BTC, now valued at $569 million, cementing its status as a global leader in cryptocurrency adoption. The bold strategy faces scrutiny from the IMF, which continues to push for policy changes during ongoing negotiations.
CryptoQuants Ki Young Ju suggests Trumps Bitcoin policies are unlikely to shift as investors prioritize the US dollars safe-haven status. With capital flowing into the dollar, the administration may view Bitcoin as a challenge to economic supremacy.
El Salvador has boosted its Bitcoin reserves to over 6,000 BTC, leading to a $569 million increase in treasury growth.
The price of Bitcoin saw no overall gain over the past week as the premier cryptocurrency continued to undergo a market correction. Despite multiple upward movements, Bitcoin struggled to break past the $100,000 resistance with its price performance in December continuing to deviate from earlier bullish predictions.
Bitwise, one of the largest asset managers in the U.S., has filed for clearance to launch an ETF tracking the performance of companies holding bitcoin as a reserve asset. The instrument, called Bitwise Bitcoin Standard Corporations ETF, would own stocks of companies having more than 1,000 BTC.
The cryptocurrency market has shown a steady pace following recent fluctuations, with the total market capitalization hovering around $3.3 trillion. Despite the stability, trading volumes have dipped slightly, reflecting a 1.66% drop to $124.18 billion in intraday trade.
You could argue that the cryptocurrency market maintains its confidence despite the Bitcoin price experiencing a significant drop to $94,000. Although price action says otherwise, this confidence is highlighted through various predictions from crypto analysts on social media and on TradingView, which cuts across various cryptocurrencies.
As the debate over Bitcoin's role in global finance intensifies, questions emerge on whether the United States would adopt it as a strategic asset. Others believe that Bitcoin will eventually replace traditional reserve systems, but according to Ki Young Ju, the U.S.
Analytics firm Glassnode says Solana's (SOL) momentum on the monthly time frame is waning in comparison to Bitcoin (BTC) and Ethereum (ETH).
Since Donald Trump was elected the 47th President of the United States, bitcoin advocates have faced skepticism about whether his administration and the forthcoming Congress would introduce a strategic bitcoin reserve. Cryptoquant CEO: ‘Bitcoin Standard' Needs U.S.
Bitcoin fans have been abuzz after a bold prediction emerged: Robert Kiyosaki, the author of “Rich Dad Poor Dad”, believes that Bitcoin can reach $350,000 by 2025. His prediction isn't just based on a guess.
Ki Young Ju, founder and CEO of the CryptoQuant on-chain analytics company, has taken to social media to share his take on the prospects of the U.S. adopting the Bitcoin Standard in the near future.
Although the US dollar has lost over 90% of its value since 1913, it continues to dominate all other fiat currencies as a store of value.
Galaxy Research sees significant growth for Bitcoin and Ethereum in 2025, where Bitcoin may reach $185,000, and that for Ethereum will rise above $5,500. This growth is expected to come from more institutions using these cryptocurrencies, along with improvements in Ethereum's technology and the rise of decentralized finance (DeFi).
The Bitcoin mining ecosystem is evolving at a very fast pace with visible progress in its utilization of clean energy. According to data insights from Woocharts, the percentage of clean or sustainable energy used in mining is now pegged at 56.76%.
Renowned financial educator and author Robert Kiyosaki has predicted a significant surge in Bitcoin‘s (CRYPTO: BTC) value by 2025, while expressing distrust in Black Rock's handling of the cryptocurrency. What Happened: In a post on X on Friday, Kiyosaki voiced his concerns about Larry Fink, the head of Black Rock, and his handling of Bitcoin.
Galaxy Research has unveiled its predictions for the cryptocurrency market in 2025. The report highlights key trends, including Bitcoin's potential to reach a new all-time high and the continued expansion of the stablecoin market.
El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC.
Bitcoin mining has since ticked the box Elon Musk set three years ago. He said at least 50% of its energy must come from renewable sources.
A crypto analyst has made a bullish prediction about Bitcoin (BTC), revealing the ultimate profit target for investors by 2025. The analyst's report provides an exact figure and a time range for Bitcoin's next price top.
Polymarket users predict that President-elect Donald Trump will not approve a Strategic Bitcoin Reserve within the first 100 days of his administration. A poll with over $1.
Bitcoin's (BTC) price remains highly volatile, with an analyst suggesting that a well-defined further drop could eventually be bullish for the digital currency.
In a lengthy post on X, CryptoQuant CEO Ki Young Ju cast doubt over whether the U.S. would embrace a Bitcoin reserve under the incoming Trump administration
Cryptocurrency analyst and trader Jason Pizzino is outlining when Bitcoin (BTC) could rally and reach a new all-time high. In a new video, Pizzino tells his 345,000 YouTube subscribers that Bitcoin is likely to stay below the record high of around $108,200 for more than one week but not for more than half a year.
In a recent forecast, Anthony Pompliano, founder of Morgan Creek Capital, anticipates a significant upswing for Bitcoin (CRYPTO: BTC) and the broader crypto market in 2025. What Happened: Pompliano, a prominent crypto advocate, asserts that digital assets are gaining traction in the conventional finance sector, which will act as a key driver in 2025.
Amid the growing conversation around a strategic Bitcoin reserve in the United States, CryptoQuant co-founder and CEO Ki Young Ju has shared a differing opinion on the prospects. Going down the memory lane, he used the maneuver the US made in dealing with calls for a gold standard to buttress his points.
Bitcoin (BTC) has recently been showing signs of weakness, and investors are starting to wonder whether the cryptocurrency will experience a major price correction. With BTC struggling to gain significant momentum, analysts are speculating that Bitcoin could potentially fall to as low as $60K.
2024 has been colossal for bitcoin, and with just a handful of days left in the year, its dominance now stands at 56.8% of the $3.29 trillion crypto economy. Back in January, bitcoin held a lower 50.3% of the market, which was then valued at $1.65 trillion.
Author of “Rich Dad, Poor Dad” and Bitcoin (BTC) enthusiast Robert Kiyosaki has backed the premier cryptocurrency to attain a $350,000 price mark in 2025. This daring prediction comes alongside slamming comments against asset manager BlackRock whom Kiyosaki accuses of trying to manipulate BTC's price.
Last time such a swift, decisive uptick occurred was in December 2020 - January 2021, and also right until early 2022.
The price of VERUM and PHALA has shown double-digit gains, while Bitcoin has retraced to the $94,000 level. The global crypto market cap is not trading at its best shape, losing 2.11% in market cap over the last day.
Bitcoin had a big year: ETFs, institutional adoption, political battles, and even meme coins. Here's a lack back at Bitcoin in 2024.
Bitcoin is navigating turbulent waters as its price continues to slide, searching for a stable support level amid growing uncertainty. The current downward momentum has sparked concerns among investors and analysts, with many questioning whether Bitcoin has reached its cycle top.
American ETP issuer ProShares has made another decisive move to expand its Bitcoin ETF products suite. The asset manager has applied to list three new Bitcoin-linked ETF products, with stock market native products as reserves.
ProShares has submitted an application to launch Bitcoin hedge ETFs tied to the S&P 500, Nasdaq 100, and gold.
Bitcoin (BTC) bull and author Robert Kiyosaki has shared an interesting theory regarding the asset's current price struggles below $100,000 as the flagship cryptocurrency faces increased volatility.
The market has turned to red again, according to CoinStats.
Bitcoin's exchange reserves rose while netflows turned positive.
Bitcoin's growing prominence is no longer limited to individual enthusiasts or retail investors; companies are now integrating the cryptocurrency into their financial operations.
Bitcoin and the broader cryptocurrency market are grappling with a significant downturn, with the risk of a deeper correction looming. After reaching an all-time high of $108,300, Bitcoin's momentum appears exhausted, and bearish sentiment has dominated the market.
With Bitcoin (BTC -2.42%) hitting new all-time highs and breaking through the $100,000 price level in December, it's perhaps no surprise that many investors are exploring the pros and cons of adding this cryptocurrency to their portfolios. But just how much of your portfolio should you be allocating to Bitcoin?
Galaxy Research has shared its year-ending big predictions for 2025, expecting Bitcoin to go over $150,000 and Ethereum to grow even stronger. The report also talks about big changes in DeFi, stablecoins, and how institutions might embrace crypto in the coming years.
Bitcoin's Kimchi Premium has surged in South Korea, reaching its highest level since March 2009 amid the country's deepening political crisis and economic uncertainty.
Could a U.S. Federal Bitcoin Reserve push Bitcoin to $1 million? Learn how this transformative event could reshape the crypto market and global economy. The post Federal Bitcoin Reserve May Push Bitcoin Price to 1 Million appeared first on Cryptonews.