Former German Finance Minister Christian Lindner has publicly criticized Chancellor Olaf Scholz for not integrating Bitcoin into Germany's financial strategy. In a recent speech at the Bundestag, Lindner emphasized the need to recognize the opportunities presented by Bitcoin and similar digital assets, pointing to the United States as a leading example of crypto-friendly policies. His comments reflect a growing support for the adoption of cryptocurrencies in Germany, as he called for a reassessment of the country's approach to digital finance. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
A known market analyst sees the $6 per coin prediction for XRP crypto being claimed by some experts as too conservative. Crypto Bitlord suggested that the real target for XRP is $589 per coin, adding that those skeptical about this target are “not delusional enough.” Related Reading: New ATH: Bitcoin Tops $106K—Is FOMO And Strategic Reserve The Game-Changer? Three-Figure XRP Price Data showed that XRP is the top-performing crypto in the Trump-driven digital asset bull run. Hence, once again, a market expert is floating the idea of $589 per coin. Crypto Bitlord claimed that the real price target for XRP is not $6 as some commentators said but $589, adding that those who dismissed this three-figure target are not ambitious enough. You’re not delusional enough with your price targets $XRP $589 — Crypto Bitlord (@crypto_bitlord7) December 16, 2024 The crypto analyst argued that the prices being forecast by several market observers are conservative estimates, believing that $589 per unit is very feasible. Previously, Crypto Bitlord had already stated that XRP would reach the three-figure price. However, he received derogatory remarks from investors for what they claimed as an ambitious dream. Now, with the crypto asset performing very well in the bull market, Crypto Bitlord was able to fire back at them, calling them not “delusional” enough. Smoking Crack? Several traders in the XRP community do not share the same vision as Crypto Bitlord, seeing the target of $589 as not feasible. Earlier this month, another crypto analyst, Tony Edwards, downplayed the $589 target, saying that the target is a “fantasy.” Edward argued that astronomical price predictions for the coin are delusional, saying, “People calling for $589, $1,000, or $10,000 are “smoking crack.” My $XRP price target for this cycle $5-$8. It could go a bit higher but I’m gonna play it safe and be conservative. People who are calling for $589, $1,000, and $10K are smoking crack. pic.twitter.com/joXwhGcxMq — Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) December 2, 2024 Other analysts said that a three-figure price would only happen if the crypto’s market capitalization hit $33 trillion, an amount that would be greater than the consolidated market cap of the top 20 American companies. Edward estimated the price rally would put XRP between $5 and $8. Altcoin Performing Well Data revealed that XRP benefits greatly from the ongoing crypto bull market driven by Donald Trump reclaiming the White House. Last month, the crypto’s price surged by 283% while halfway through December, it has already soared by 23%, nearly reaching $3. Related Reading: 3-Year Peak: Chainlink Rally Fueled By Historic Open Interest Levels A CNBC report dubbed XRP as the “biggest winner” in the Trump-driven cryptocurrency rally. According to CNBC, since Trump won the US election, XRP price has skyrocketed by 370%, outperforming the broader digital asset market. In comparison, Bitcoin has only increased by 45% in the same period, while the entire cryptocurrency market went up by 91%. As of press time, XRP is traded at $2.36 with a total market capitalization of $136 billion. Featured image from, chart from TradingView
Discover how Qubetics’ Phase 13 presale raised $6.8M as Bitcoin reached an all-time high and Helium targets $12. Explore the latest crypto trends and investment insights. Read original article on coincu.com
Bitcoin hit a record high of over $107,000 after Trump's reserve proposal. VanEck predicts Bitcoin could reach $180,000 by 2025. Continue Reading: Bitcoin Reaches New Heights Following Trump’s Strategic Reserve Proposal The post Bitcoin Reaches New Heights Following Trump’s Strategic Reserve Proposal appeared first on COINTURK NEWS .
Messari calls 2024 the “climbing wall of worry” as investors grappled with inflation fears and recession risks. However, the year ended with Bitcoin surpassing $100K. Another notable growth is seen with Solana, which drove the meme coin market. Messari data analysts compiled a two-part report on the trends and narratives in the crypto industry in 2024. The report, authored by Messari’s enterprise analysts and experts, explored various themes, including the rise of artificial intelligence in the crypto sector . Messari analysts reflect on 2024 inflationary worries Messari calls 2024 the “climbing wall of worry” because inflation uncertainty left investors wondering if the Fed’s monetary policies would trigger a recession. However, 2024 concludes with Bitcoin surpassing $100K after the crypto market overcame the macro obstacles of a weakening labor market. Along with the approval of Bitcoin and Ethereum ETFs, the report underlines AI as the 2024 highlight. The report read in part; “The market is beginning to price in the potential for AI-driven productivity boosts.” Messari also calls 2024 the year of Solana. The report underlined advancements in Solana’s technology and adoption, making it a hub for memecoin trading. In the year, memecoins themselves remained wildly popular, capturing retail interest. Notably, user adoption surged globally, with apps like Phantom and Polymarket onboarding millions. The analysts also discovered that stablecoins have also become essential in emerging markets. Meanwhile, decentralized infrastructure (DePIN) gained traction in industries like energy and telecommunications. The report also touched on regulatory challenges and market volatility. However, the report revealed that the industry showed resilience and innovation. In the macro context, the analysts noted that crypto market trends faced challenges such as lawsuits against Binance and Coinbase. They added that government asset sales and Mt.Gox repayments also played a part in the volatility experienced in 2024. Messari highlighted the pressures eased after Donald Trump was elected president of the United States. The analysts added the president pledged to protect innovation, self-custody, and Bitcoin mining. According to the researchers, these policies signalled a friendly environment for cryptocurrency that emphasized Bitcoin as an innovation driver and strategic asset. Messari analysts discuss crypto sectorial highlights in 2024 The researchers highlighted some sectorial advancements, including the intersection of artificial intelligence and the crypto ecosystem. The analysts reported the intersection exposed the crypto ecosystem to content creation and gaming frontiers. Messari analysts also confirmed that NFTs gained popularity in 2024, especially in enhancing monetization and digital ownership. The analysts predicted that these trends would drive the adoption of cryptocurrencies in the years ahead. Messari also commented on the introduction of Bitcoin stalking in 2024. They added that Babylon, BTC’s first stalking protocol, enabled holders to stake their assets and earn rewards without giving up control of their assets. In the report, Messari predicted that even as the BTC network changes, BTC programmability and stalking remain nascent. The analysts highlighted the path worth monitoring as layers on BTC and AVSs.They predicted these could unlock the utmost levels of economic security and decentralization. However, the analysts disclosed that in 2024, users often preferred the performance capabilities of networks such as Base and Solana. They added that users overlooked decentralization and security. The researchers warned BTC builders could have difficulty competing against other networks if the trend continued. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Billy Markus, the founder of Dogecoin, also known as Shibetoshi Nakamoto, h as recently listed his top five favourite cryptocurrencies. The first on Markus’s list is Dogecoin, which is quite expected since he is one of its creators. DOGE was created as a meme coin but has since gained a lot of adoption and has a large community of users. The digital asset has also been endorsed by celebrities such as Elon Musk. On Dogecoin’s 11th anniversary on 6th December, Markus said that he did not expect the impact from the coin, which he initially conceived as a joke. He stated, ” it is extremely surreal that some silly thing I made in a few hours has had the impact on the world that it has.” Bitcoin, the first digital currency in the world, was also on the list. Markus recognized its historical significance and its position as one of the early players in the crypto industry. Avalanche and Ethereum highlight utility Markus selected Avalanche as the third one because it is fast and scalable, and more people are joining the protocol. Avalanche is a blockchain platform that is based on Ethereum and has been on the rise due to the fact that it allows for the operation of real world applications that are efficient. According to Markus, Ethereum made it to his list because of its performance in the area of smart contracts and dApps. He shared his experience of positive interactions with Ethereum as he engaged in business with NFTs and other projects. Although the high gas fees are still a problem of Ethereum, it is the most versatile and popular coin among other cryptocurrencies. Rounding out the list was Solana, which was hailed for its expanding ecosystem and investment effectiveness. Markus also pointed out that the platform had been used in many projects and has helped build its image as a significant competitor in the market. At the beginning of the year, Markus even challenged Solana and Ethereum communities to a memecoins-themed contest. When asked why he didn’t include XRP in the list of currencies he owns, Markus replied that he doesn’t own any XRP and jokingly said that he might if he receives some as a gift. i own 0 xrp if someone sent me a million dollars worth i would probably like it more — Shibetoshi Nakamoto (@BillyM2k) December 16, 2024 Trusting crypto over tradition Besides these choices, Markus recently disclosed that he had a shift in the perception of cryptocurrencies in general. In a recent post on the X, he confessed to liking crypto more than ever before. i’m beginning to appreciate cryptocurrency so much more recently and not simply because of the price increases (though ngl that helps lol) — Shibetoshi Nakamoto (@BillyM2k) December 7, 2024 Though prices have gone up, he stressed that there was a more fundamental cause. He believes in code supremacy over humans because, according to him, it is easier to bribe a human than to tamper with well audited code. One follower pointed out that crypto can help with high bank fees, and Markus agreed that banking deserves disruption. According to him, the more one understands conventional finance, the more compelling the case for crypto is. As of this writing, Bitcoin is trading at $106,000, while Ethereum crossed $4,000. Dogecoin also became the seventh largest cryptocurrency by market capitalization, trading at $0.4 before a slight decline. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Digital assets manager CoinShares says institutional investors poured a record $3.2 billion into crypto investment vehicles last week. In its latest Digital Asset Fund Flows report , CoinShares says that last week, institutional crypto investment products saw net inflows that brought yearly flows to $44.5 billion, a new record. “Digital asset investment products saw a continuation of inflows last week totaling US$3.2bn, the 10th consecutive week, with inflows this year so far now totaling an astonishing US$44.5bn, more than quadruple that of any other year. Trading volumes in exchange-traded products (ETPs) have averaged US$21bn a week, comprising 30% of the bitcoin traded on trusted exchanges. Bitcoin volumes on trusted exchanges (all investment types) is highly liquid, having averaged US$8.3bn a day this year, double that of the Financial Times Stock Exchange (FTSE) 100.” Source: CoinShares According to CoinShares, all regions internationally saw inflows to crypto. The United States, Switzerland, Germany and Brazil led the charge with inflows of $3.1 billion, $36 million, $33 million and $25 million, respectively. Bitcoin ( BTC ) products reached yearly inflows of $38 billion after last week’s additional inflows of $2 billion. “Altcoin XRP saw inflows of US$145m as hopes rise for a US-listed ETF, while Polkadot and Litecoin saw inflows of US$3.7m and US$2.2m respectively.” Ethereum ( ETH ) products also enjoyed $1 billion in inflows. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares appeared first on The Daily Hodl .
‘Pharma Bro’ Martin Shkreli recently criticized MicroStrategy CEO and co-founder Michael Saylor for initiating his Bitcoin playbook for the asset management company. Pharma Bro mentioned on the Shkreli Planet podcast that Saylor was drunk on the idea. Shkreli added that the situation was a big bubble that would not end well for the company. The asset management company introduced Bitcoin as its treasury reserve asset. Saylor described the digital asset as ‘digital gold’ and mentioned its stability as a store of value. The asset manager’s CEO further mentioned MicroStrategy’s plan to leverage BTC as a hedge against inflation. Michael Saylor also introduced the idea of BTC as a reserve currency for institutions in his Bitcoin playbook. Shkreli pointed out MicroStrategy’s plan to continuously purchase Bitcoin as part of the company’s business model. The asset management company first purchased BTC in 2020 worth $250 million to get 21,454. MicroStrategy made the most recent purchase of BTC worth $1.5 billion on December 15, increasing its holdings by 15,350 coins and bringing its total to 439,000 BTC. Pharma Bro also revealed during the discussion that he was shorting MicroStrategy stocks. Despite this claim, the investor did not reveal the size of his position. Shkreli added that his trade was a bit painful but fun. MicroStrategy stocks have still been rising despite Pharma Bro’s negative sentiment. MSTR has been up 490% this year, allowing the company to join the Nasdaq-100 index. Martin Shkreli says Saylor is not a favorable BTC advocate Shkreli further criticized Saylor’s advocacy for BTC. The investor suggested that the MicroStrategy CEO was not the best advocate for the currency despite being among the loudest. Shkreli also doubted Saylor’s commentary on BTC, citing a lack of credibility. The investor mentioned Saylor’s recent presentation to Microsoft shareholders. The MicroStrategy CEO shared his thoughts with the technology conglomerate on December 1. Saylor suggested that Bitcoin was the next technology wave, and Microsoft could not afford to miss it. The executive of the asset management firm suggested that Microsoft redirect its debt, stock buybacks, cash payouts, and other income sources toward BTC. Saylor further explained that the action could increase the company’s value by trillions while reducing investor and shareholder risks. Microsoft shareholders voted no to the proposal, citing reservations due to the coin’s volatility. However, the company’s board still highlighted that it would monitor developments in the BTC markets. Shkreli discussed the vote turnout, mentioning the 0.5% ‘yes’ vote and describing it as the worst proxy vote he had ever seen. The investor added that the negative outcome made him slightly bearish on BTC. Shkreli speculates on the BTC price outcome Pharma Bro speculated the outcome of BTC prices in relation to MicroStrategy’s cryptocurrency acquisitions. In his opinion, the coin’s price should have spiked after the billions of dollars the asset management company has injected into BTC purchases. Shkreli then speculated that the current price showed a bearish BTC sentiment. The investor insisted that his prediction did not mean the coin’s price would plunge. BTC has made notable steps, reaching a new all-time high of $107,104 today. The coin is trading 0.18% lower than the new ATH but over 3% higher than yesterday’s price. Despite the ongoing discussions, Shkreli further mentioned that he expected the U.S. to stockpile only a little BTC. Shkreli highlighted that the next government could undo the progress even if Trump’s government accumulates BTC. President-elect Donald Trump has been preparing to make Bitcoin the strategic reserve asset of the U.S. Treasury. Trump has also promised that the government will continue with significant BTC mining projects and acquisitions. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Renowned crypto analyst Michaël van de Poppe recently shared a bold prediction for the ongoing crypto cycle. He…
Trump’s Bitcoin Reserve could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump’s Bitcoin Reserve (TRUMPRES), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days. This is because TRUMPRES is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump’s Bitcoin Reserve can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Trump’s Bitcoin Reserve could become the next viral memecoin. Trump’s Bitcoin Reserve launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Trump’s Bitcoin Reserve on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump’s Bitcoin Reserve by entering its contract address – 2GxwMgJnqbDuDec9gMVNfN2n8eVf7ks1EUv1RZSCLNm1 – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPRES. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.