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Bitcoin to $13 million by 2045 and 17 other interesting things that happened last week

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by COINS NEWS 81 Views

Hi,

Here's some of the most interesting things that happened last week. Take the predictions with a grain of salt.

Bitcoin to $13 million by 2045 and 17 other interesting things that happened last week

→ Michael Saylor: Predicted Bitcoin price to reach $13 million by 2045.

→ Robert F. Kennedy Jr.: Proposed the U.S. government buy Bitcoin equivalent to its gold reserves (~$615 million worth) and committed to holding the government’s current 210,000 BTC.

→ Senator Cynthia Lummis: Introduced a bill to create a 1 million BTC reserve.

→ VanEck: Predicted Bitcoin prices for 2050 - Bear case: $130,314, Base case: $2.9M, Bull case: $52.4M.

→ Trump's Promise: To end the anti-crypto stance and fire Gary Gensler if re-elected.

→ HODLer Net Position Change: Potential shift from short-term holding to long-term HODLing.

→ ProtonMail: Launched Proton Wallet for sending Bitcoin via email.

→ Last 7 Days ETF Flows (July 12-18, 2024): Net inflows of 565 BTC.

Corporate and Institutional Movements

→ MicroStrategy: Launched "Bitcoin for Corporations" in partnership with Bitcoin Magazine.

→ Marathon Digital: Plans to retain all BTC mined and periodically buy Bitcoin on the open market.

→ State of Michigan Retirement System: Allocated 110,000 shares to ARKB (~$7.5 million).

→ State of Wisconsin Investment Board: Announced a $160 million Bitcoin investment.

→ Coinbase: Fined $4.5 million by the FCA for onboarding high-risk customers and launching a tokenized money-market fund.

Crypto Projects and Updates

→ AAVE: Proposal for a buyback program to create constant buy pressure.

→ Drift Protocol: Launched a predictions market center.

→ GMX: Proposal to change income distribution model to create buy pressure on GMX tokens.

→ pSTAKE Finance: Launching a bitcoin liquid staking product.

→ Solend: Rebranding to “Save” and introducing new products including a decentralized stablecoin and a platform for shorting meme coins.

→ deBridge: Launching governance token (DBR) in August on Solana.

→ zkLink: Launched native token (ZKL).

What do you think about the the predictions? Too optimistic?

submitted by /u/xtarsy
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