– As of the end of June, the primary cryptocurrency holdings belonging to Robert F. Kennedy Jr, the nephew of the 35th US president and a current electoral candidate, reached $250,000. This was revealed by a financial report discovered by CNBC. Kennedy's representatives confirmed that the funds are personally his.
Interestingly, during the Bitcoin-2023 conference, this presidential candidate called digital assets "a symbol of democracy and freedom," yet denied his investments in cryptocurrency. "I'm not an investor, and I'm not here to give investment advice," stated this electoral race participant at the time.

– Standard Chartered bank specialists predicted in April that bitcoin would reach $100,000 by the end of 2024. The figures from the July forecast look slightly higher. According to analysts, the price of bitcoin could exceed $50,000 this year, and by the end of next year, it might reach $120,000. "Increased miner profitability per mined BTC means they can sell less, preserving the inflow of funds, which reduces the net supply of the asset and leads to a price increase," explained Geoff Kendrick, the bank's analyst.

– The involvement of major investment firms in the race to launch spot bitcoin ETFs suggests that the leading cryptocurrency is no longer a "passing fad," stated Michael Sonnenshein, the CEO of Grayscale Investments. According to him, market participants are "responding positively to the inclusion of traditional financial institutions in bitcoin." "Recent news [...] underscores the resilience of this asset class in a broader sense, and many investors view [digital gold] as a unique investment opportunity," Sonnenshein added.

– Meta's new network Threads, often referred to as a Twitter clone, was launched on July 5. The user base of the new platform is approaching 100 million, largely due to Instagram users, though it is still far from matching Twitter's 450 million users.
It was previously reported that in the spring, eight popular cryptocurrency accounts on Twitter were hacked, resulting in the hackers acquiring nearly $1 million. It now seems that fraudsters have also turned their attention to the new network. Developers from the decentralized finance platform Wombex Finance reported the appearance of a counterfeit duplicate account on Threads, suggesting that extortionists may be operating there. Leonidas, one of the popular NFT bloggers, reported a similar case.

– Michael Van De Poppe, the founder of venture company Eight, believes that bitcoin is preparing for a surge to $41,000. The popular analyst bases his opinion on the recent rise in the price of the leading cryptocurrency and Fibonacci levels. According to him, "the previous annual high for BTC was overcome in April. And now we are seeing increasingly higher highs, as traders build upward momentum and positions." "To continue the upward trend that we call a bull cycle, bitcoin needs to reach a new and clearer high," explains Michael Van De Poppe. "There are several points that can help determine the potential for further growth using Fibonacci levels. And right now, I would say we're facing a rally up to $41,000."
"There are two scenarios - growth above the current high, followed by some consolidation and retracement before a new rise. Or consolidation at current levels, followed by accelerated growth over the next few months. For bitcoin, this is pretty standard behaviour. And then we'll move towards $41,000 or even $42,500," predicts the analyst.

– Robert Kiyosaki, an economist and the author of the well-known book "Rich Dad, Poor Dad," has made another bold statement. He asserts that by 2024, bitcoin will reach a value of $120,000 per coin. Kiyosaki bases his forecast on the belief that BRICS countries (Brazil, Russia, India, China, and South Africa) will soon adopt the gold standard and release their own gold-backed cryptocurrency. This could undermine the dominance of the US dollar in the global economy and lead to its devaluation. He also warns that many traditional financial institutions may go bankrupt in the near future due to their imprudent decisions and corruption.
In light of this, Kiyosaki recommends protecting one's funds from inflation by purchasing physical and digital gold. He also believes that bitcoin is one of the best ways not only to preserve but also to increase capital amid the instability of the financial system.
(For reference: On July 11, the Russian Parliament passed a law establishing legal norms for the introduction of the digital rouble.)

– Markus Thielen, Head of Research at crypto financial service Matrixport, forecasts a similar figure, albeit not at the start but by the end of 2024. He stated in an interview with CoinDesk that the quotations of the premier cryptocurrency could exceed the $125,000 mark by the end of next year. "On June 22, bitcoin reached a new annual high. Historically, this signal indicated the end of bearish and the beginning of bullish markets," he explained.
According to Thielen, the price of bitcoin could skyrocket by 123% over 12 months and by 310% over a year and a half. With such growth, the asset's price would rise to $65,539 and $125,731 respectively. The expert's forecast is based on the average returns of similar signals in the past: in August 2012, December 2015, May 2019, and August 2020. Thielen deliberately ignores the first case with a growth of 5,285% over 18 months, describing it as "epic" and "disproportional."

– Guy Turner, the host of the popular cryptocurrency channel Coin Bureau on YouTube, believes that in the medium term, there are two factors in favor of a massive growth of ethereum. The main one is the EIP-4844 update, which is expected to introduce a preliminary sharding (segmentation) mechanism for the network of the main altcoin. This update will be extremely important as it could, theoretically, give Ethereum the ability to scale on par with centralized systems.
The show host also noted that the issue of privacy remains very important. According to him, the developers of the second-largest cryptocurrency remain extremely concerned about this issue. "The huge focus on privacy and security is not surprising if you think about institutional investors. For them, it's a cornerstone," Turner highlighted. He recalled that Vitalik Buterin has raised this issue repeatedly, calling it "one of the three problems that need to be solved, otherwise ethereum will collapse.".

– Analyst and trader Michael Pizzino believes that a fall in the US dollar could lead to price increases for cryptocurrencies such as BTC, ETH, SOL, MATIC, XRP, Gala, and Render. In his opinion, the dollar is ready for a sharp devaluation. However, the expert does not consider an apocalyptic scenario of the collapse of the main global currency, since the dynamics of its exchange rate are slower than for other classes of financial assets.
Still, Pizzino predicts a steady downward trend for USD in the foreseeable period and a redistribution of funds in favor of digital assets. The macrographic chart suggests their upward trend, and considering the correlation between USD and BTC, a decline in the former could contribute to an increase in the value of the latter, which would then be followed by an increase in the value of other crypto assets.

– Lightning Labs, a company specializing in software development, has unveiled its latest product: a plugin for ChatGPT that allows sending Bitcoin payments. Lightning Labs also presented a set of tools for developers that allow AI models like GPT to carry out bitcoin transactions on the Lightning Network. This step aims to bring AI technologies closer to the world of cryptocurrency, paves the way for new innovations, and promotes the development of this field.


Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.

#eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market

https://nordfx.com/