Peter Schiff: ‘US Govt Won’t Be’ Buying Bitcoin: Is That True?

Before winning the 2024 presidential election in a landmark victory for the cryptocurrency sector, former president Donald Trump promised to establish a national Bitcoin reserve. As a result, crypto markets have been making big bets on Bitcoin’s price increasing throughout 2025. But Trump hasn’t yet committed the federal government to making any new Bitcoin purchases. His more modest plan is to simply freeze the Bitcoin the government has already seized from those like Ross Ulbricht, who broke the law. So does that mean Schiff is right, and the government won’t be buying Bitcoin, even with Trump in charge? That’s not necessarily so. Wyoming Senator Cynthia Lummis (R-WY) has a more radical proposal for the government in Washington to purchase one million BTC over five years. Accordingly, unless Schiff knows something that markets don’t yet, it is entirely possible that the pro-crypto Republican Congress and White House could send the government on a BTC buying spree in Trump’s second term. Peter Schiff: Govt Won’t Be Buying Bitcoin Once it becomes obvious that the U.S. Govt. won’t be buying #Bitcoin , those who bought hoping to front-run that buying will sell. @saylor will be forced to accelerate his leveraged Bitcoin purchases to prevent a crash. But this will only delay the crash until $MSTR crashes first. — Peter Schiff (@PeterSchiff) January 8, 2025 After MicroStrategy announced its most recent monster purchase of Bitcoin—1,070 BTC for $101 million—the asset’s price surged within an hour. “But this will only delay the crash until $MSTR crashes first,” Schiff added. Lifelong Goldbug ‘Hates’ BTC ‘Speculative Mania’ It’s not that I hate Bitcoin itself. I hate the speculative mania in Bitcoin that has caused a huge misallocation of capital, which will cause millions to lose sums far greater than they can afford, and which will tarnish the image of sound money and libertarian principals. — Peter Schiff (@PeterSchiff) January 8, 2025 In reply to a commenter who asked, “Why do you hate Bitcoin so much, Peter?” the global hedge fund capitalist answered, “It’s not that I hate Bitcoin itself. I hate the speculative mania in Bitcoin that has caused a huge misallocation of capital.” It’s true that there are winners and losers in the volatile cryptocurrency exchange markets and that there are frequently BTC bubbles with steep corrections. But it’s not necessarily a flaw inherent to Bitcoin or to the cryptocurrency’s most vocal supporters. Crypto markets aren’t really different from stocks in this regard. They’re just more extreme because of the liquidity and velocity of these 24-hour-a-day markets, managed by automated Internet trading platforms and open to anyone around the world to participate. Of course, Schiff would be sure to add that he doesn’t like that about stock markets either. The post Peter Schiff: ‘US Govt Won’t Be’ Buying Bitcoin: Is That True? appeared first on CryptoPotato .

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Is Bitcoin at Risk of Another Dip or Is a Rally Still Possible?

The recent dip in Bitcoin’s price has left investors pondering whether this is merely a temporary setback or the start of a more significant trend. As market dynamics shift, many

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Bitcoin Should Be Much Higher Six Months From Now, According to Real Vision’s Jamie Coutts – Here’s Why

Real Vision’s chief digital assets analyst Jamie Coutts believes Bitcoin ( BTC ) will be at a significantly higher price six months from now. Coutts tells his 32,400 followers on the social media platform X that the Fed will likely make additional rate cuts in the near future that would inject more liquidity into the markets and cause Bitcoin to surge. Coutts shares a chart showing the historical relationship between the global money supply (M2) metric and Bitcoin, suggesting an M2 increase would send BTC higher. “With the strong dollar becoming a real problem, I expected Bitcoin to be in the $80,000 range by now. This speaks to the strength of the underlying bid and the market’s expectations that the Fed will have to act; otherwise, things will start breaking. Regardless of the sequence of events, more liquidity is coming, and Bitcoin should be much higher six months from now.” Source: Jamie Coutts/X Coutts also expects greater adoption of Bitcoin by the private wealth segment, which includes high-net-worth individuals and families, noting these entities “are less concerned than CT’s (crypto Twitter’s) daily obsession over liquidity ups and downs.” Another one of Coutts’ predictions for the coming months is that the relatively new artificial intelligence (AI) agents crypto sector will continue an upward trend. Crypto AI agents are protocols built to autonomously perform tasks on behalf of users such as interacting with blockchains and decentralized finance (DeFi) platforms, trading and managing portfolios. Said Coutts, “Interest in AI agents in crypto took off in November 2024. Based on history, this trend is expected to last at least another four months, but probably longer. AI agents are not like the others – they unlock potential for every established and new use case.” Bitcoin is trading for $94,592 at time of writing, down 2.4% in the last 24 hours. 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: Midjourney The post Bitcoin Should Be Much Higher Six Months From Now, According to Real Vision’s Jamie Coutts – Here’s Why appeared first on The Daily Hodl .

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Here’s How $100 in This Coin Can Turn $1000000 By 2028 ; Next Solana ?

Investing $100 and making $1,000,000 in a few years sounds like a dream, right? Smart traders can no longer dismiss this vision as Rexas Finance (RXS) soars. Rexas Finance , the “next Solana (SOL) or Ethereum (ETH),” is pioneering the tokenization of real-world assets (RWA), a market that will change global finance. Innovative features like the Rexas Token Builder and Launchpad, a strong vision, and significant institutional interest make it a top candidate for exponential growth. Rexas Finance is not just a cryptocurrency; its potential for substantial returns and track record of disrupting asset markets could transform the landscape for early investors. Rexas Finance (RXS): Tokenization Impact Rexas Finance is pioneering real-world asset (RWA) tokenization, seamlessly integrating blockchain technology and tangible assets. Tokenizing real estate, precious metals, and commodities allows investors to create wealth and establish property investment experiences using cutting-edge technology. Trading was long reserved for the wealthy and institutional investors, but it is now more accessible. Imagine owning a quarter of a New York luxury apartment or a gold reserve from home. Rexas Finance democratizes ownership and provides unrivaled transparency and security, benefiting all participants. Tokenization on Rexas Finance overcomes high entry costs, geographic restrictions, and illiquid assets. Retail investors in Asia can now invest in high-end European properties for rental income and asset appreciation. Its QuickMint Bot simplifies Ethereum-compatible token minting, making blockchain-based asset ownership accessible to non-technical consumers. Rexas Launchpad helps startups and established businesses raise funds efficiently through token sales. Rexas Finance is a pioneer in a trillion-dollar business, changing global investment with solutions like Rexas AI Shield for top-tier security and Rexas GenAI for seamless platform navigation. Getting Rich With $100 on Rexas Finance Rexas Finance (RXS) allows investors to make $1,000,000 from a $100 investment. The project’s presale success was remarkable: It started at $0.03 per token and rose 6x to $0.175 in the eleventh presale phase. Over $34.9 million raised and early stages selling out in record time have attracted retail investors and crypto enthusiasts to Rexas Finance. Unlike many blockchain businesses that rely on venture financing, RXS’s public presale concept democratized funding and allowed regular citizens to join its ambitious journey. The 6X price surge from stage 1 to 11 customers and the expectation of even bigger profits post-launch show that this deliberate strategy has built a devoted audience. RXS is a potential long-term growth candidate because to its capped supply of 1 billion tokens and strategic allocations for marketing, liquidity, and staking pools. Its listings on CoinMarketCap and CoinGecko, two of the most trusted cryptocurrency sites, boost RXS’s legitimacy and visibility beyond its presale success. These listings have increased investor confidence, helping Rexas Finance stand out in a congested industry. The CertiK audit, a blockchain security gold standard, adds credibility to the project. RXS attracts investors seeking exponential returns with its unique blend of innovation and security. It integrates cutting-edge asset tokenization technology and utilizes its developing network. With a strong debut and ongoing progress, a $100 investment in Rexas Finance might unlock a $1,000,000 future by 2028, making it a possible crypto industry game-changer. Is Rexas Finance the Next Ethereum or Solana by 2028? Attention has been very high on Rexas Finance tokens, which have become one of the most accumulated tokens, following Ethereum and Solana’s footsteps. The token recorded more than 716,000 entries in its ongoing giveaway, which is set to reward 20 lucky participants with 50,000 RXS tokens as incentives for participation. According to analysts, Rexas Finance (RXS) could follow Ethereum (ETH) and Solana (SOL) by 2028. Rexas Finance is revolutionizing crypto asset ownership by tokenizing real-world assets (RWA) and giving investors access to previously inaccessible assets. RXS offers cutting-edge wealth creation tools like the Rexas Token Builder and Launchpad, allowing users to tokenize real estate, art, and commodities. Traders have noticed the project’s presale success, indicating high demand. Analysts see this as a harbinger of future expansion since RXS might scale swiftly and disrupt financial markets as Solana did. Strategic growth plans, including institutional investor alliances and a robust expansion strategy, have made Rexas Finance a serious competitor to duplicate Ethereum and Solana’s rapid value growth. The presale ends, and the coin approaches double-digit pricing. Crypto investors and enthusiasts should grab the moment to maximize their gains. This is an opportunity to invest in Rexas Finance, a blockchain project that will alter the industry and pay off early adopters. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance The post Here’s How $100 in This Coin Can Turn $1000000 By 2028 ; Next Solana ? appeared first on CoinGape .

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Thai authorities unplug Bitcoin mine that stole millions of baht in electricity

Thailand’s Provincial Electricity Authority has shut down a Bitcoin mining farm for tampering with power meters to steal electricity worth hundreds of millions of baht. According to local media, the PEA, in collaboration with the Crime Suppression Division, has seized 996 Bitcoin mining rigs during a raid on the mining farm located in the Phanat Nikhom district of Chonburi. Authorities discovered the operators of the farm had tampered with their electricity meters to use electricity for mining operations largely free of charge, leading to millions of baht in losses for the Thai state electricity provider. Those responsible for running the operation are yet to be identified, and the CSD is in the process of obtaining arrest warrants from the court. The operation was planned in a manner that would not raise suspicions. An unnamed staff member has testified that the theft was cleverly timed to occur only at night, with the power meter functioning as usual during the day to avoid detection. Bitcoin mining is a complex process that uses high-powered computers to solve mathematical problems, verify transactions, and create new bitcoins. This energy-intensive activity makes electricity the largest operational cost, leading some operators to resort to illegal methods to stretch their profit margins. You might also like: Thailand pilots crypto payments for tourists in Phuket A recurring issue Thailand’s power grid has been persistently abused by illegal miners, with several raids conducted over the past year after the country witnessed a mining boom following China’s crackdown on the sector in 2021. The PEA, in August 2024, took down a similar operation in Ratchaburi, a town west of Bangkok, after unregistered miners were found to be draining power from the local electricity grid, leading to frequent blackouts in the area and higher costs for residents. More recently, two individuals from the Surat Thani province were charged with stealing over $280,000 in electricity to power their mining rigs in an abandoned property. Meanwhile, back in 2022, the Department of Special Investigation in Bangkok spearheaded a series of raids, dismantling over 50 crypto-mining operations that were causing yearly losses of over $10 million in stolen electricity. Similar activities have been uncovered across other corners of the globe. As previously reported by crypto.news, Malaysia’s national electricity provider, in an October 2024 report, disclosed losses upwards of $100 million stemming from electricity theft to run Bitcoin mining hardware. These incidents have sparked a global reckoning, with governments tightening regulations, limiting electricity use, hiking tariffs, and even imposing outright bans to exert greater control over the crypto-mining industry. Read more: Russian man beaten and robbed in Thailand over crypto dispute

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Thai authorities unplug Bitcoin mine that stole millions of baht in electricity

Thailand’s Provincial Electricity Authority has shut down a Bitcoin mining farm for tampering with power meters to steal electricity worth hundreds of millions of baht. According to local media, the PEA, in collaboration with the Crime Suppression Division, has seized…

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Grayscale Added New Altcoins for AI, DeFi, and Smart Contract Funds

The post Grayscale Added New Altcoins for AI, DeFi, and Smart Contract Funds appeared first on Coinpedia Fintech News Grayscale Investments, a leading asset management firm known for its focus on crypto, recently made some important changes to its multi-asset funds. This adjustment comes after they review Q4 2024, and it involves updates to several key funds, including those focused on AI, DeFi, and smart contract platforms. These changes are significant because many investors look to Grayscale’s funds as a guide when building their portfolios. AI Fund Adds Livepeer (LPT) In a recent tweet post, Grayscale announced that they made some major changes to their Grayscale’s Decentralized AI Fund. The firm sold off some of its existing assets to make space for Livepeer (LPT), which is now part of the portfolio. We rebalanced and updated the components of our 4 multi-asset funds, Grayscale Decentralized AI Fund, $DEFG , $GDLC , and Grayscale Smart Contract Platform Ex-Ethereum Fund. Read on for our Q4 2024 updates! pic.twitter.com/ohQPEAGGtF — Grayscale (@Grayscale) January 8, 2025 Grayscale AI Fund now holds; Livepeer (LPT) – 2.83% The Graph (GRT) – 10.45% Filecoin (FIL) – 17.18% Bittensor (TAO) – 19.03% Render (RENDER) – 20.58% NEAR Protocol (NEAR) – 29.93% DeFi Fund Adds Curve Token Grayscale also made changes to its Decentralized Finance Fund (DeFi Fund). Here, they sold off some Synthetix (SNX) and used the money to buy Curve (CRV) tokens. By adding CRV, Grayscales shows confidence in Curve’s future and its potential to grow within the DeFi space. While the updated fund now holds; Curve (CRV) – 6.71% MakerDAO (MKR) – 7.79% Lido (LDO) – 9.75% Aave (AAVE) – 27.87% Uniswap (UNI) – 47.88% Adjustment in Smart Contract Funds Grayscale made changes to its Smart Contract Platform Ex-Ethereum Fund (GSCPxE). The fund sold off some assets and used the money to buy SUI , a newer blockchain project. Their GSCPxE) Now holds this asset; Polkadot (DOT) – 2.66% NEAR Protocol (NEAR) – 3.85% Sui (SUI) – 7.93% Avalanche (AVAX) – 9.52% Cardano (ADA) – 20.82% Solana (SOL) – 55.22% Finally, Grayscale’s Digital Large Cap Fund (GDLC) also saw a slight adjustment in their portfolio. The firm sold its holdings in Avalanche and used those funds to purchase Cardano (ADA). Cardano (ADA) – 1.44% Solana (SOL) – 3.83% XRP – 5.05% Ether – 16.16% Bitcoin – 73.52% Why These Changes Made? These updates are part of Grayscale’s regular efforts to keep its funds in line with market trends. The firm regularly reviews its portfolios, making adjustments to reflect the latest developments in the crypto world.

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5% dip in Bitcoin: How retail psychology affects BTC’s moves

With market sentiment shifting and risks rising, can Bitcoin rally again, or is this time different?

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Forecasts for leading altcoins in Q1 2025: ETH, ADA, and Lightchain AI

Ethereum, Cardano, and Lightchain AI lead 2025’s crypto surge, with unique solutions driving price predictions of $6k, $2.50, and $0.20, respectively, in Q1. #partnercontent

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Forecasts for leading altcoins in Q1 2025: ETH, ADA, and Lightchain AI

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum, Cardano, and Lightchain AI lead 2025’s crypto surge, with unique solutions driving price predictions of $6k, $2.50, and $0.20, respectively, in Q1. Table of Contents Ethereum powering the DeFi and dApp revolution Cardano aiming for mass adoption with scalability Lightchain AI bridging blockchain and artificial intelligence As the crypto market enters 2025 with momentum, leading altcoins like Ethereum (ETH), Cardano (ADA), and Lightchain AI (LCAI) are in the spotlight. Each of these projects brings unique innovations to the table, influencing their potential price trajectories. Let’s explore the Q1 2025 price predictions and the factors driving their growth. Ethereum powering the DeFi and dApp revolution Ethereum is a top blockchain. Experts think that by early 2025, Ethereum might hit around $5,000 to $6,000. This rise is helped by more people using decentralized money (DeFi) and unique tokens (NFTs). Big firms are also interested and getting rewards from staking adds to its lift. The main reasons for Ethereum’s success are the growth of Layer 2 answers like Arbitrum and Optimism which make it work better and faster. With Ethereum’s top developer group, these developments help it maintain its position as a market leader, making it a vital component of blockchain growth and adoption. You might also like: Lightchain AI may stand out in 2025 when compared with Sui and Floki Cardano aiming for mass adoption with scalability Cardano is widely recognized for its research-driven approach and commitment to scalability and sustainability. The upcoming launch of enhanced DeFi capabilities in Q1 2025 are expected to significantly boost its utility. Predictions suggest that ADA could trade between $1.50 and $2.50 during this period, with the potential for even higher gains if its ecosystem achieves significant adoption. Key factors driving this growth include the increasing use of its smart contract capabilities, strategic partnerships in emerging markets, and its strong focus on decentralized governance. These developments position Cardano as a leading blockchain platform, with the potential to attract more users and projects, further solidifying its role in the evolving cryptocurrency landscape. Q1 2025 will be a pivotal period for Cardano’s growth and influence. Lightchain AI bridging blockchain and artificial intelligence This new project is transforming the crypto space by combining artificial intelligence with blockchain to build an ecosystem designed for decentralized AI applications. With its smart Proof of Intelligence (PoI) consensus mechanism and Artificial Intelligence Virtual Machine (AIVM), the project has already captured significant attention. Having raised over $8 million during its presale at $0.004875 per token, Lightchain AI is quickly gaining momentum as a utility-focused token. Strong community engagement and innovative technology are key factors driving its growth. Predictions suggest that by Q1 2025, LCAI could reach $0.15–$0.20, with further potential depending on adoption and ecosystem development. As Lightchain AI continues to expand its offerings, its unique approach positions it as a promising contender in the world of blockchain and AI integration. To learn more about Lightchain AI, visit the website , whitepaper, X , and Telegram. Read more: SHIB set to reach $0.00018 this January, why SHIB traders are also buying Lightchain AI Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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