Global Scans · Cryptocurrencies · Weekly Summary

• [New] The global insurance industry is turning its attention to the risks posed by cryptocurrencies and digital assets, judging by recent product announcements. FinExtra
• [New] Closing the year, Bitcoin could embrace a festive spirit, and drive a rally to $9,738 high, while occasional pullback seek support at $7,785 low. Coingape
• [New] Halvings are scheduled to occur roughly every four years, or every 210,000 blocks until the entire 21 million bitcoin supply is mined, approximately by 2140. Blockworks
• [New] The world's oldest cryptocurrency will officially have its fourth - ever halving soon, when it will slash its number of Bitcoins issued to miners from 6.25 BTC to 3.125 BTC instead. TalkMarkets
• [New] Macroeconomic Factors: Bank interest rates are expected to decline gradually in 2024, creating favorable conditions for risky assets like Bitcoin. Coinbold
• [New] 2025 could see Bitcoin reach as high as $250,000, with expectations for the cryptocurrency to surpass the $200,000 threshold at various points throughout the year. CCN
• With 28 more halving events expected over the next 112 years, the future trajectory of bitcoin adoption and network growth warrants close monitoring - especially when broader access to bitcoin was only made possible in the US less than 90 days ago with the approval of spot bitcoin ETFs. Blockworks
• As Bitcoin halvings continue, the rate of new Bitcoin supply will gradually decrease until all 21 million BTC have been mined, with the final fraction of Bitcoin expected to be mined by the year 2140. CoinTelegraph
• If bitcoin follows a similar path to bitcoin cash, the bitcoin price could double to almost $150,000 per bitcoin by the time of its own halving, matching some recent bitcoin price predictions. Forbes
• Governments around the world could crack down on cryptocurrencies, imposing strict regulations that limit their use and adoption. US Newsper
• Price predictions for Bitcoin and Ethereum indicate bullish trends for the remainder of 2024 and 2025, with new all-time highs expected. CoinCodex
• The massive overall demand for Bitcoin along with macroeconomic factors will play a far bigger role in driving the price of Bitcoin in 2024. CoinTelegraph
• Based on historical dynamics, a scarcity of supply with steady or increasing demand in 2024 is expected to drive up the price of Bitcoin. BISON
• The coming year will bring about new all-time highs in bitcoin and ethereum and a much wider institutional participation in crypto assets. Forbes
• If price predictions are fulfilled and Bitcoin hits $100,000 by mid-2025, the unrealized profit of MicroStrategy's BTC holdings will surpass $13.5 billion, with a return on investment of 197% within five years. Crypto Briefing
• The approval of spot Bitcoin ETFs in the U.S. is a significant milestone that could drive institutional adoption and increase demand for BTC. Finbold - Finance in Bold
• The upcoming decision by the SEC will play a crucial role in shaping the future of cryptocurrency ETFs and their role in mainstream investment strategies. Bitcoinsensus
• Not only is Bitcoin becoming more popular amongst investors, but it is also becoming more popular amongst politicians, as they realize that Bitcoin and crypto are growing in popularity with their constituents - a trend we expect to see continue into 2025 and beyond. cryptonews
• End of 2030: The uptake of cryptocurrencies continues to surge, as crypto regulations around the globe give investors a framework to operate in and merchants are accepting cryptocurrencies as payment for goods and services. cryptonews
• The VR-focused cryptocurrency has raised $1.7 million in its presale phase, and has showcased the potential for innovation in the digital space. cryptonews
• A cut in the historically high benchmark rate by the US Federal Reserve could lead to more liquidity flowing into Bitcoin, further boosting its price. Yahoo Finance
• The world of cryptocurrencies is moving fast, and by 2030, the regulation and adoption of cryptocurrencies will be much greater than they are now - we can even expect many merchants to be accepting crypto payments. cryptonews
• 2028 will be the year of the 5th Bitcoin Halving event, and with cryptocurrencies now mainstream and, with investors knowledgeable of the Bitcoin Halving cycle and the expected increase in cryptocurrency prices. cryptonews

Last updated: 14 April 2024