Ethereum is showing promising signs of a potential breakout as it nears the critical $2,800 resistance level, fueled by surging Layer 2 adoption and institutional inflows. On-chain metrics reveal record-high
The post Google’s Quantum Computing Could Threaten Bitcoin Encryption, Warns NYDIG appeared first on Coinpedia Fintech News Every time quantum computing advances, one question echoes across the crypto world: Is Bitcoin still secure? Google’s latest announcement has reignited that fear. The tech giant revealed a major leap in quantum capabilities—slashing the number of qubits needed to break RSA encryption from 20 million to just 1 million . That’s a massive jump, and it has sparked urgent debate about the future safety of Bitcoin’s cryptographic foundation. What’s Happening with Quantum Computing? Quantum computing is no longer theoretical. Using principles like superposition and entanglement , these machines can process data in ways traditional computers can’t. Today’s quantum computers can operate with over 100 qubits , and advancements in error correction are making them increasingly stable and practical. The field is accelerating, and with it comes a looming concern: Can this tech break encryption standards like RSA—and eventually Bitcoin’s? Understanding the Threat to Bitcoin Bitcoin doesn’t use RSA. Instead, it relies on ECDSA and increasingly, Schnorr signatures , for cryptographic security. These offer multiple advantages: Smaller keys with equivalent security Faster processing Multi-signature aggregation for enhanced privacy But here’s the catch: According to a new report by the New York Digital Investment Group (NYDIG) , these systems are not immune. As quantum computing progresses, even Bitcoin’s current cryptography may become vulnerable. Why RSA and Bitcoin’s Encryption Could Be at Risk RSA encryption is widely used and considered secure because it relies on the difficulty of factoring large numbers. That security was challenged in 1994 when Peter Shor introduced an algorithm capable of cracking RSA—if run on a sufficiently powerful quantum computer. Back then, such a machine didn’t exist. Today, we’re getting closer. With Google’s quantum milestone, that theoretical threat is beginning to look like a real-world problem. Is Bitcoin Safe Right Now? For now, yes . Bitcoin’s current cryptographic protections are strong enough against both classical and existing quantum computers. But the landscape is changing : Quantum hardware is improving rapidly Error correction is advancing Hybrid quantum-classical systems are being developed The clock is ticking. Bitcoin may be safe today—but without upgrades, that may not hold true in the next decade. Can Post-Quantum Cryptography Save Bitcoin? There is ongoing work in the field of Post-Quantum Cryptography (PQC) —algorithms specifically designed to resist quantum attacks. But NYDIG’s report highlights some challenges: Larger keys and signatures Slower transaction speeds Reduced performance across the Bitcoin network This means that integrating PQC into Bitcoin is possible, but not without trade-offs in speed, efficiency, and scalability. Conclusion: No Immediate Panic, But Urgent Preparation Needed Bitcoin is not under threat today, but complacency is not an option .The takeaway from NYDIG and Google’s announcement is clear: the crypto industry must act now to ensure long-term security. Whether that means adopting post-quantum cryptographic standards or developing new protocols, the future of decentralized finance may depend on it.
Sam Altman, the CEO at OpenAI, said the trademark lawsuit by startup IYO was “silly, disappointing, and wrong,” after the company claimed OpenAI’s partnership with former Apple Inc. Chief Designer Jony Ive’s AI firm, “IO,” infringed on its brand. However, a judge granted IYO a temporary restraining order, forcing OpenAI to take down a blog post mentioning the deal. Altman pointed out that the founder and CEO of IYO, Jason Rugolo, persistently hoped that OpenAI would invest at least $10M in (or acquire) his company. The OpenAI boss clarified that IYO’s founder had sought an acquisition, an investment, and an intellectual property deal, but that his company decided to pass on the deal, and it was clear along the way. However, IYO alleged that Altman and OpenAI heard their pitch, passed on it, got Jony Ive to try it before copying it, then bought his company for $6.5B and called it IO. jason rugolo had been hoping we would invest in or acquire his company iyo and was quite persistent in his efforts. we passed and were clear along the way. now he is suing openai over the name. this is silly, disappointing and wrong. pic.twitter.com/k5oKHGLw0s — Sam Altman (@sama) June 24, 2025 Deedy calls it the most dramatic tech lawsuit this year VC at Menlo Ventures, Deedy Das, asserted that this was likely the year’s most dramatic tech lawsuit. The IYO team claimed Jony and Altman’s actions were no mere coincidence, and that the duo knew about the company’s existence and the nature of its business since 2022. The company also emphasized that OpenAI and LoveFrom kept tabs on IYO’s technology despite declining to pursue the proposed partnership in 2022. It mentioned that the Co-founder of IO, Tang Yew Tan, and another engineer (from LoveFrom or IO) ordered its initial product and pre-ordered the IYO ONE. The IYO team gave details about regular meetings with OpenAI and LoveFrom, claiming that it had shared its vision, technology, and approach during those meetings. It also disclosed that seven representatives from the OpenAI-LoveFrom negotiating team received demo IYO ONE devices, which they said had promise and outrightly requested the intellectual property they embodied. The company claimed that OpenAI announced its acquisition of IO shortly after, the name of which was a homophone of its name. “There are 675 other two-letter names they can choose that aren’t ours.” -Jason Rugolo, Founder and CEO of IYO IYO added that IO’s purpose was also to launch a product whose function was similar to and competitive with its product. The company claimed this was setting up unfair competition since the launch of IO was publicized internationally through major media companies, including CNBC, the Wall Street Journal, and the New York Times. Judge Thompson grants IYO’s request for a temporary restraining order Judge Trina Thompson of the U.S. District Court for the Northern District of California granted IYO’s request for a temporary restraining order, blocking OpenAI from using any mark confusingly similar to the “IO” trademark. OpenAI took down a video and other promotional materials about IO from its website following the order. OpenAI released a statement almost immediately, explaining that the IO-related post was temporarily down due to the court order. It clarified that it did not agree with the order and was reviewing its options concerning the complaint. On Tuesday, Altman wished the Iyo team the “best building great products,” adding that the world certainly needed more of that and fewer lawsuits. The New York Times also filed a lawsuit against Microsoft and OpenAI, accusing them of copyright infringement and abusing the publisher’s intellectual property to train AI models. The media company sought to hold OpenAI to account for the billions of dollars in statutory and actual damages it believed it was owed for the unlawful copying and use of its “uniquely valuable works.” The NY Times acknowledged the power and potential of “GenAI” for the public and journalism, but added that any journalistic materials should be used with permission from the original source. The media house explained that it used independent journalism to report, edit, and fact-check content at a high cost, and with notable expertise. However, an OpenAI representative said that while the company respected the rights of content creators, it was both surprised and disappointed with the development. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
The cryptocurrency market is abuzz with anticipation as XRP is forecasted to experience a significant price movement between July and September, signaling potential opportunities for investors. Technical analysis indicates that
NYSE Arca has officially submitted a rule change proposal (SR-NYSEArca-2025-45) to the U.S. Securities and Exchange Commission (SEC), seeking approval to list the Truth Social Bitcoin and Ethereum ETF. The dual-asset fund, introduced last week by Trump Media & Technology Group (TMTG), seeks to provide direct exposure to both Bitcoin and Ether within a single investment vehicle. Source: NYSE The application, filed via SEC Form 19b-4 , represents the next step following the ETF’s initial prospectus submission, which proposed a 3-to-1 value allocation favoring Bitcoin over Ether. If approved, the ETF would trade under NYSE Arca Rule 8.201-E, which governs commodity-based trust shares. NYSE Seeks Rule Change to List Trump Media’s Bitcoin-Ethereum ETF As outlined in the filing, the fund is sponsored by Yorkville America Digital, LLC, with digital asset custody managed by Foris DAX Trust Company. Notably, pricing transparency will be provided through benchmark rates supplied by CF Benchmarks, a standard provider used in other SEC-approved ETFs. And also, the daily NAV, total holdings, and intraday indicative values will be published, with updates every 15 seconds during market hours. Trump Media filed with the SEC to launch a Bitcoin and Ethereum ETF, while the Trump Organization unveiled a $499 U.S.-made smartphone. #trump #etf https://t.co/tFTibnN0lg — Cryptonews.com (@cryptonews) June 16, 2025 The fund’s creation and redemption process will occur in-kind, in blocks of 10,000 shares through authorized participants. This model allows the trust to deliver and receive Bitcoin and Ether directly, reducing potential tax implications and improving pricing efficiency. To meet SEC expectations for investor protection, NYSE Arca emphasized its membership in the Intermarket Surveillance Group (ISG) and cited reliance on market data from CME’s Bitcoin and Ether futures markets for pricing accuracy and fraud detection. The exchange also reaffirmed that it can apply existing market safeguards such as trading halts and compliance monitoring. NYSE Arca further emphasized that existing frameworks are sufficient to detect and prevent potential fraud or manipulation in the crypto markets. The proposed rule change must now go through the SEC’s formal review process. Once published in the Federal Register, the agency will open a comment period. The SEC will then decide to approve, reject, or extend the review timeline. If granted, the Truth Social Bitcoin and Ethereum Trust would be one of the first U.S.-listed ETFs to offer simultaneous exposure to both Bitcoin and Ether. The move follows the SEC’s earlier approval of single-asset Bitcoin or Ethereum ETFs from BlackRock, Fidelity, and others. Trump Media Expands with Crypto ETF Ambitions Trump Media is moving closer to launching its Truth Social Bitcoin ETF, but the fund faces steep competition and trust hurdles in a crowded market. #TruthSocial #BitcoinETF https://t.co/oBIWgcH4CX — Cryptonews.com (@cryptonews) June 4, 2025 This is not the only ETF in development. Earlier this month, NYSE Arca also filed to list the Truth Social Bitcoin ETF , which would hold Bitcoin exclusively. Both products are part of Trump Media’s broader push into digital assets. @TrumpMediaTech has unveiled a $400M stock buyback and maintains a $2.3B Bitcoin reserve. #TrumpMedia #Bitcoin https://t.co/oCc9eMHuSo — Cryptonews.com (@cryptonews) June 23, 2025 The company has announced plans to repurchase up to $400 million of its own shares and raised $2.32 billion through a private placement to establish a Bitcoin treasury. As of late May, $2.4 billion has been raised, though no acquisitions have yet been disclosed. Trump Media, which owns the Truth Social social platform, streaming service Truth+, and fintech brand Truth.Fi, has proposed additional funds, including the America First Bitcoin Fund and the America First Stablecoin Income Fund. The post NYSE Breaks New Ground: Trump Media’s Crypto ETF Eyes Listing appeared first on Cryptonews .
The Bitcoin market is soaring in popularity, with prices hitting new highs, attracting the attention of investors around the world. However, traditional mining has high barriers to entry and high costs, which discourages many ordinary users. Cloud mining, with its low barriers to entry, high flexibility and green energy efficiency, is rapidly becoming a new entry point for mainstream investors to obtain crypto income. Compared with the traditional mining model, it avoids high hardware investment and complex operation and maintenance processes, providing a lower threshold for professional miners and ordinary investors to participate, becoming the most watched development trend in the crypto economy. Anyone – from newbies to experienced investors – can profit from cloud mining with just a smartphone and a few hundred dollars. But is it really possible to mine $9,000 without owning any hardware? The answer is yes – if you choose Topnotch Crypto . As an industry leader, Topnotch Crypto has redefined the value standard of cloud mining by integrating cutting-edge mining machine clusters, self-developed intelligent scheduling systems, and covering more than 100 clean energy mines around the world. This model of deep integration of technical strength and environmental protection concepts is setting a new example for the sustainable development of the cryptocurrency mining industry. Computing infrastructure: Strategic partnership with Bitmain Topnotch Crypto’s core competitiveness comes from the industry-leading hardware configuration. The Bitmain Ant S21 Hydronic and other 7nm process mining machines deployed on the platform have a 42% increase in energy efficiency compared to traditional equipment, and the single-machine computing power density has reached the industry peak of 380TH/s. Different from the general equipment used by ordinary cloud computing platforms, Topnotch Crypto’s specially designed ASIC mining machine group is deeply optimized for the SHA-256 algorithm, and the Bitcoin mining efficiency is 17 times higher than that of the GPU solution. At the same time, the configured FPGA dynamic computing pool can intelligently switch between 20+ currencies such as BTC/ETH according to real-time market fluctuations, ensuring that investors always capture the highest profit opportunities. This hardware strategy has three advantages: Ultra-high frequency computing: daily output is 28% higher than peers Dynamic cost control: reducing power consumption per unit of computing power through intelligent power management Multi-chain compatibility: supporting full ecological coverage from Bitcoin to emerging Layer1 projects Topnotch Crypto Key Features: Free mining rewards for new users Multiple mining contracts to maximize profits User-friendly dashboard to track income in real time 24/7 Automated mining process without technical expertise Secure and fast withdrawals within minutes Steps to start BTC mining with Topnotch Crypto Joining Topnotch Crypto is very simple, just follow these steps: Register an account: Visit the Topnotch Crypto official website to complete the registration, and you will receive $15 (US$0.6 for daily check-in) for successful registration. Rich contract options, choose the contract that suits you according to your needs, and realize the continuous increase of passive income Potential returns that can be obtained: ⦁ 【New User Experience Contract 】: Investment amount: $100, total profit: $100 + $8. ⦁ 【Elphapex DG1+ 】: Investment amount: $500, total profit: $500 + $43.75. ⦁ 【WhatsMiner M30S 】: Investment amount: $1,100, total profit: $1,100 + $222.75. ⦁ 【Avalon Miner A1666 】: Investment amount: $3,000, total profit: $3,000 + $756. ⦁ 【WhatsMiner M63 Hydro 】: Investment amount: $10,000, total profit: $10,000 + $4,650. ⦁ 【ANTSPACE HK3 】： Investment amount: $30,000, Total profit: $30,000 + $22,275. ⦁ 【Canaan Avalon Immersion Box 】： Investment amount: $100,000, Total profit: $100,000 + $90,000. Key strategies to achieve explosive returns: Reinvesting profits: Daily profits (e.g. $1，800 per day for a $100,000 contract) can be invested in higher-level contracts to increase profits. The whole process is quick and convenient, suitable for both novice and experienced investors. For more details on high-yield contracts, please visit Topnotch Crypto’s official website. Affiliate Program Topnotch Crypto now has an affiliate program where you can earn money by referring others to Topnotch Crypto. You can start earning money without investing any money. After inviting a certain number of active referrals, you will receive a one-time fixed bonus of up to $100,000. The more referrals you make, the more rewards you will get, and your earning potential is unlimited! Take action now to increase your wealth Topnotch Crypto is an innovative smart cloud mining platform that provides global users with a convenient, secure and efficient way to invest in cryptocurrencies. Whether you are a novice who wants to try cryptocurrency or a senior investor seeking diversified investment channels, you can find a solution suitable for you at Topnotch Crypto. Join Topnotch Crypto now and get free rewards to start your Bitcoin mining journey! More information: Email: info@topnotchcrypto.com Official website: https://topnotchcrypto.com APP download: https://topnotchcrypto.com/xml/index.html#/app Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Topnotch Crypto launches new Bitcoin mining contracts, allowing users to easily achieve rapid growth in passive income appeared first on Times Tabloid .
BitcoinWorld BitGo IPO: A Monumental Leap as Digital Asset Custody Hits $100 Billion The world of digital assets is buzzing with anticipation as BitGo, a leading digital asset trust company , signals its potential entry into the public markets. With an astonishing surge in its crypto assets under custody , reaching an impressive $100 billion in the first half of 2025, BitGo is not just growing; it’s redefining the landscape of secure digital asset management. This significant milestone, a leap from $60 billion, positions the firm as a powerhouse in the evolving crypto ecosystem and sets the stage for a potential BitGo IPO as early as the second half of the year. What does this mean for the future of cryptocurrency and institutional engagement? BitGo’s Astounding Ascent: Hitting $100 Billion in Crypto Assets Under Custody BitGo’s recent announcement of reaching $100 billion in crypto assets under custody is more than just a number; it’s a testament to the surging confidence in the digital asset space. This remarkable growth, climbing from $60 billion in a relatively short period, highlights several key trends driving the cryptocurrency market forward: Accelerated Crypto Adoption: A broader acceptance and integration of cryptocurrencies into mainstream finance and daily transactions. Clearer Global Regulations: The emergence of more defined and favorable regulatory frameworks worldwide, providing much-needed clarity and security for institutional players. Institutional Influx: A significant increase in institutional investors, corporations, and traditional financial entities entering the crypto market, seeking secure and compliant solutions for managing their digital holdings. As Abel Seow, BitGo Asia-Pacific managing director, noted, this growth is a direct reflection of these macro trends. BitGo, known for its robust security infrastructure and regulatory compliance, has become a preferred partner for institutions looking to navigate the complexities of digital asset management. Is a BitGo IPO on the Horizon? What It Means for a Digital Asset Trust Company The prospect of a BitGo IPO in the second half of 2025 is generating considerable excitement across the financial and cryptocurrency sectors. An Initial Public Offering (IPO) represents a pivotal moment for any company, and for a digital asset trust company like BitGo, it carries even greater significance. This move would place BitGo among a growing wave of crypto companies exploring public listings, signaling a maturation of the industry and increased mainstream acceptance. Several factors are contributing to BitGo’s consideration of an IPO: Market Readiness: The crypto market has evolved, demonstrating resilience and a growing appetite for regulated, compliant services. Renewed U.S. Government Support: A shift in stance from the U.S. government towards supporting the crypto sector has created a more favorable environment for public listings. This includes greater regulatory clarity and a recognition of digital assets’ role in the financial future. Capital Infusion: An IPO would provide BitGo with substantial capital, enabling further expansion, technological innovation, and potential acquisitions. Enhanced Visibility and Legitimacy: Going public would significantly boost BitGo’s public profile, enhancing its legitimacy and trustworthiness in the eyes of traditional investors and institutions. For a digital asset trust company , an IPO is not just about raising funds; it’s about solidifying its position as a transparent, accountable, and publicly scrutinized entity, which is crucial for building long-term trust in the nascent digital asset space. Fueling Growth: How Global Regulations and Institutional Adoption are Shaping BitGo’s Trajectory The impressive growth in BitGo’s assets under custody is intrinsically linked to two powerful forces: evolving blockchain regulation and surging institutional adoption . The past few years have seen significant strides in creating clearer regulatory frameworks globally, moving away from the wild west perception of crypto towards a more structured and secure environment. This regulatory maturation has been a critical catalyst for institutional players who, by nature, require compliance and legal certainty before committing significant capital. Consider the impact of these drivers: Growth Driver Impact on BitGo’s Assets Under Custody Clearer Blockchain Regulation Reduces legal uncertainties, fosters compliance, and builds trust for institutional investors. This allows large financial entities to participate with greater confidence. Growing Institutional Adoption Increases demand for secure, compliant custody solutions. Institutions bring significant capital, driving up the total value of assets under management. Renewed U.S. Government Support Creates a more favorable operational and investment climate, encouraging both domestic and international entities to engage with regulated crypto services. Strategic Partnerships (e.g., BitGo Korea) Expands market reach, leverages local expertise, and integrates BitGo’s services into established financial ecosystems. A prime example of this synergy is the strategic investment in BitGo Korea in September 2024, where South Korea’s Hana Financial Group and SK Telecom acquired stakes. This move by major traditional finance and telecommunications giants underscores the increasing confidence in regulated digital asset services and highlights the global reach of institutional adoption . Such partnerships not only provide capital but also integrate BitGo’s services deeper into traditional financial infrastructure, paving the way for broader crypto integration. Navigating the Public Waters: Benefits and Challenges of a Crypto Company IPO While the prospect of a BitGo IPO is exciting, it’s essential to understand both the immense benefits and the inherent challenges that come with going public for a company in the crypto space. Benefits: Access to Capital: An IPO can unlock significant capital, which BitGo can use to fund expansion, research and development, and strengthen its market position. Enhanced Credibility: Public listing brings a new level of scrutiny and transparency, often seen as a mark of maturity and credibility by traditional investors and regulators. Liquidity for Early Investors: It provides a clear exit strategy for early investors and employees, allowing them to monetize their holdings. Brand Visibility: Being a publicly traded company significantly boosts brand recognition and market presence, attracting new clients and talent. Challenges: Regulatory Scrutiny: Public companies face stringent reporting requirements and ongoing regulatory oversight, which can be particularly complex for a crypto firm operating in a rapidly evolving legal landscape. Market Volatility: Crypto markets are notoriously volatile. A publicly traded crypto company’s stock price could be heavily influenced by fluctuations in the broader crypto market, potentially impacting investor confidence. Public Expectations: Public companies are under constant pressure to meet quarterly earnings expectations, which can sometimes conflict with long-term strategic goals. Competition: The digital asset custody space is becoming increasingly competitive, with both traditional finance giants and new startups vying for market share. Looking Ahead: The Future of Digital Asset Custody and Public Listings BitGo’s potential BitGo IPO and its incredible growth in digital asset custody are strong indicators of the crypto industry’s trajectory. As more institutions embrace digital assets, the demand for secure, compliant, and reliable custody solutions will only intensify. Companies like BitGo are at the forefront of this revolution, building the foundational infrastructure necessary for the mainstream adoption of cryptocurrencies. This trend suggests a future where digital assets are seamlessly integrated into global financial systems, underpinned by robust and regulated service providers. The success of BitGo’s potential public offering could pave the way for other significant players in the crypto ecosystem to follow suit, further legitimizing the industry and attracting even greater capital flows. BitGo’s journey from a niche player to a leader with $100 billion in crypto assets under custody , culminating in an anticipated IPO, marks a monumental shift in the perception and integration of digital assets. It underscores the power of growing institutional adoption , driven by clearer blockchain regulation and a more supportive global environment. As BitGo eyes its public debut, it not only seeks to secure its own future but also helps solidify the foundation for a more mature, regulated, and accessible digital asset economy for everyone. To learn more about the latest crypto market trends, explore our article on key developments shaping institutional adoption in the digital asset space. This post BitGo IPO: A Monumental Leap as Digital Asset Custody Hits $100 Billion first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin’s bounce from $100K is supported by miner conviction, whale activity, and technical momentum.
This content is provided by a sponsor. XRP is poised on the edge of an extraordinary price surge, potentially soaring toward $74 amid increasing excitement among cryptocurrency analysts and investors. Currently trading at $2.17, XRP has witnessed a minimal decline of 0.05652% from its previous close, but this minor dip is overshadowed by bullish anticipation
Trump Media and Technology Group Corp (TMTG) has officially filed for its second crypto exchange-traded fund (ETF), focusing on Bitcoin (BTC) and Ethereum (ETH), as detailed in a recent filing to the Securities and Exchange Commission (SEC). Trump Media Files For Second Crypto ETF If the SEC approves this new investment product, it will trade on NYSE Arca, the electronic division of the New York Stock Exchange known for handling exchange-traded fund transactions. This latest filing comes just eight days after TMTG submitted a prospectus with the Connecticut Attorney General through its Special Purpose Acquisition Company (SPAC) partner, Yorkville America. Majority-owned by President Donald Trump, Trump Media is intensifying its efforts to promote financial products linked to blockchain technologies. The company aims to provide the public with regulated investment vehicles that offer exposure to the cryptocurrency market. Related Reading: Is Ethereum Staging A Repeat Of 2021? Here’s Why A 200% Surge Could Follow Recently, Trump Media announced its ambition to raise $2.4 billion, with the goal of becoming one of the largest corporate holders of Bitcoin. This move appears to be part of a broader strategy to diversify its business and attract a wider array of investors. By launching multiple crypto-focused ETFs, Trump Media hopes to generate significant interest in its stock, potentially positioning itself as an appealing option for cryptocurrency enthusiasts. However, with several crypto ETFs already available in the market, there are questions about how much investor interest these funds will garner. The success of the ETFs will likely hinge on their fee structures and how competitive they are compared to existing options. Bitcoin To Hit $180,000-$250,000 As of now, Bitcoin is trading at $106,000, recovering 3% from a recent drop to $98,000. This volatility is largely attributed to the ongoing conflict between Israel and Iran, which has intensified over the past 12 days, impacting financial markets significantly. Market analyst known as Mr. Wall Street recently shared his insights on social media platform X (formerly Twitter), reiterating his bullish targets for Bitcoin, which he believes will reach between $180,000 and $250,000 this year despite any external conflict. Interestingly, Mr. Wall Street noted a significant shift in capital flows, with over $20 billion moving from gold to Bitcoin in the last two weeks alone. Related Reading: Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month This trend suggests that institutional investors and hedge funds are increasingly viewing Bitcoin as a more reliable store of value compared to gold, given Bitcoin’s fixed supply. Additionally, Mr. Wall Street pointed out that the over-the-counter (OTC) desks are becoming less liquid, indicating that significant upward movement in Bitcoin’s price could be imminent. A key indicator, the hash ribbon, recently flashed, signaling that Bitcoin often experiences a 10% correction before rallying by 50-125%. Mr. Wall Street believes that the recent dip to $98,000 constituted this correction, and he anticipates a substantial return on investment from current levels. Moving forward, the analyst expects “continued noise” from the geopolitical landscape, but he believes that further escalation is unlikely. The recent market dip created a sense of peak fear, which historically precedes significant price breakouts, Mr. Wall Street said. Featured image from DALL-E, chart from TradingView.com