Bernstein sees upside to $1m

Bernstein, an asset management firm with over $750 billion in assets, is doubling down on its Bitcoin price prediction, raising their target for 2025 from $150,000 to $200,000. The prediction for 2033 is an astounding $1 million. Analysts at the firm shared their price projection for the flagship cryptocurrency on Friday. In a note to clients, the research firm said expectations for a surge in spot Bitcoin ETFs represents a bullish catalyst. “We believe that the U.S regulated ETFs were the watershed moment for crypto that brought in structural demand…

Keith Gill Boosts Gamestop Stake, Becomes Fourth Largest Shareholder

Keith Gill, also known by his alias ‘Roaring Kitty,’ has significantly increased his investment in Gamestop, now holding nine million shares, which positions him as the fourth largest shareholder. His portfolio value has risen to around $268 million after he strategically exercised call options to acquire additional shares at $20 each. Gamestop’s share price fluctuated, […] Source CryptoX Portal

Worldcoin to Establish Latam Hub in Argentina Despite Heavy Scrutiny

Worldcoin, the biometric identification project, has announced a new expansion process in Argentina, where it reportedly will seek to open 50 new locations with eye-scanning hardware. The announcement comes after Buenos Aires indicted Tools For Humanity, the company behind Worldcoin, for including abusive clauses in its service agreements, and a meeting between Worldcoin executives with […] Source CryptoX Portal

Utah Senator Seeks to Abolish Federal Reserve

Republican Senator Mike Lee from Utah has introduced legislation to abolish the U.S. central bank and its Board of Governors. Lee contends that the U.S. Federal Reserve has “repeatedly failed” the American public and argues for its dissolution. Federal Reserve Targeted for Abolition by Senator Mike Lee Following the lead of House Representative Thomas Massie […] Source CryptoX Portal

Notcoin surges 11%, nearly flips VET, MKR and OP

Notcoin (NOT) has surged more than 11% in the past 24 hours, breaking above $0.021 as bulls hit a two-week high. The Telegram-based game token’s price is likely to rally further amid fresh momentum for the related Toncoin (TON) coin, which hit a new all-time high on Friday to push 100% of addresses into profitability. After surging double-digits, Notcoin’s market cap has reached $1.9 billion, ranking the recently launched coin of the viral tap-to-earn game 49th among largest cryptocurrencies by market cap. In comparison, VeChain (VET), Maker (MKR) and Optimism…

Holograph Compromised: HLG Value Plummets as Hacker Illegally Mints 1 Billion Tokens

On June 13, an unidentified hacker minted one billion HLG tokens by exploiting vulnerabilities in the Holograph operator smart contract. The Holograph team has patched the initial exploit and is collaborating with exchange partners to freeze the affected accounts. A decentralized finance researcher suspects a rogue developer orchestrated the attack. Holograph Contemplates Engaging Law Enforcement […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Global ETF market could hit $35 trillion by 2035

The global Exchange-Traded Fund (ETF) market could witness some remarkable growth over the next decade. Assets in the global ETF are projected to reach $35 trillion by 2035, tripling from their current $13 trillion. This prediction comes from Eric Balchunas, Senior ETF Analyst for Binance. “[ETFs] low-costs, intra-day liq, tax efficiency, flexibility etc. will continue to attract investor cash (and traders’ volume) which will result in more new products, innovative designs and more salespeople,” Balchunas posted on X. This forecast is based on a conservative 10% compound annual growth rate…

Finance Titan Bernstein Predicts Bitcoin At $1 Million, Here’s When

In an analysis released Thursday, leading global investment firm AllianceBernstein with assets under management worth $725 billion significantly elevated its price target for Bitcoin, predicting the premier cryptocurrency will reach $1 million by 2033. This bullish outlook is underscored by a new wave of adoption via US spot Bitcoin exchange-traded funds (ETFs) managed by heavyweight asset managers including BlackRock, Fidelity, and Franklin Templeton. Bitcoin’s Path To $1 Million In 2033 Analysts Gautam Chhugani and Mahika Sapra from Bernstein outline a detailed scenario where they expect the assets under management in…