#Satoshi Net Worth Tops Bill Gates#
Arkham announced on social media that Satoshi Nakamoto is now wealthier than Bill Gates, with a net worth reaching $116.7 billion compared to Gates' $116.2 billion.
💬 What does this mean for the crypto market? How will Satoshi's wealth impact Bitcoin's future and interest from mainstream investors?
#Trump BTC ETF Application#
Truth Social, operated by Trump Media & Technology Group, has applied for a Bitcoin spot ETF through a partner. The fund aims to track Bitcoin's spot price performance. If approved, Truth Social would be the first social media platfor
Standard Chartered: Institutional buying will push BTC to $200,000, but may weaken the peak season for competing coins
Standard Chartered's Global Head of Digital Asset Research Geoff Kendrick points out that the entry of institutional funds is expected to drive Bitcoin, Ether, and other coins to new highs, but it may also dampen the momentum of the upcoming wave of competitive coins compared to previous years.
Geoff Kendrick mentioned, "Institutional funds flowing into ETF will provide support for the performance of Bitcoin and Ethercoin. We expect that by the end of 2025, the price of Bitcoin will soar to $200,000, while Ethercoin is expected to surge to $10,000."
We also expect that the scale of institutional funds flowing into Bitcoin in 2025 will surpass that of 2024, and these new funds may mainly come from long-term investment institutions such as 'retirement funds'.
However, Geoff Kendrick emphasized that although funds may gradually flow to competing coins in the future, the scale and intensity may not be as strong as before.
The peak season of competition coin will be launched in a 'lite version' form, because institutional funds will be concentrated in BTC and Ethercoin, partially offsetting the effect of funds rotating to competing coins.
However, analysts at QCP Capital believe that the official meme coin launched by US President Donald Trump, Official Trump (TRUMP), may be the catalyst for igniting a new wave of competitive coin frenzy. Their analysis indicates:
The spread and influence of TRUMP meme coin globally symbolize a paradigm shift in capital formation. As cryptocurrencies move further towards mainstream adoption, this may be the catalyst for the next wave of competitive coin frenzy.
(Standard Chartered: Institutional buying will push BTC to $200,000, but may weaken the competition in the coin peak season) This article was first published in Blockcast.