– Robert Kennedy Jr., a U.S. presidential candidate from the Democratic Party, advocates for the support of the U.S. dollar using hard assets such as gold, silver, platinum, and bitcoin. The politician believes that this move could stabilize the economy, curb inflation, and usher in a new era of financial stability and prosperity in America.
Market strategist Todd "Bubba" Horwitz responded to Robert Kennedy Jr.'s inclusion of bitcoin in the basket of hard assets. According to him, this will enable bitcoin to reach a price of $35,000, and then $40,000, within the next six months. Horwitz highly praised the growing recognition of BTC by regulatory bodies such as the Commodity Futures Trading Commission (CFTC), which will also contribute to the growth of the leading cryptocurrency.

– The implementation of central bank digital currencies (CBDCs) worldwide varies significantly: projects are divided into retail ones, intended for citizen use, and so-called wholesale ones, geared towards interbank transfers and large businesses. Currently, 125 central banks are working on launching national CBDCs, but only three countries, Nigeria, the Bahamas, and Jamaica, have already put their CBDCs into full operation. Meanwhile, Ecuador and Haiti have abandoned this idea due to the high cost of the projects and low demand from the population. Ecuador launched its project as early as 2014 but withdrew it as the number of users did not exceed 3% of the country's population.
Even a number of senators resist the development of a digital dollar in the U.S. In a pre-emptive move, the governors of Texas and Miami banned its circulation within their states in May of this year.

– Bloomberg Senior Analyst Eric Balchunas believes that the approval of applications to launch spot bitcoin exchange-traded funds (ETFs) in the U.S. will open up the bitcoin market to $30 trillion in capital. According to forecasts by analytics firm Fundstrat, the launch of a bitcoin ETF could increase daily demand for bitcoin by $100 million. In this case, even before the halving scheduled for April 2024, the price of BTC could rise by 521% from current levels and reach up to $180,000.

– Craig Steven Wright, an Australian computer scientist and businessman, has claimed since 2016 that he invented bitcoin. He filed a lawsuit against 13 BTC developers and several crypto companies, including Blockstream, Coinbase, and Block, alleging they infringe his copyright to the first cryptocurrency.
However, Wright lost the copyright lawsuit in February. The court deemed his arguments insufficient. Now, a UK court has satisfied an appeal that has granted Wright the right to claim copyright over bitcoin.
Whether Wright truly created bitcoin and hid under the pseudonym Satoshi Nakamoto will be determined by the court during a trial in January 2024. "Copyright protection issues will be resolved during a full court hearing, but only if Dr. Wright demonstrates that he is Satoshi Nakamoto," the court statement said. Meanwhile, Wright's lawyers stated that he is "pleased" with the outcome of the case and acknowledged his high chances of winning.

– Experts at SlowMist reported the discovery of a phishing program in the App Store aimed at stealing user data and cryptocurrencies. It mimics legitimate applications and thereby ends up on the user's device. The victim is then asked to enter their Apple ID password. Once they have this information, the malicious actors add their phone numbers to the trusted list for Apple's two-factor authentication. This allows them to control account permissions and gain full access to its contents. To mask their activity, the hackers create additional Apple IDs and use the victim's resources through the family account access feature.

– Just like on traditional markets, changes in investor sentiment on the crypto market follow certain patterns. Considering the so-called "Wall Street Cheat Sheet," which describes the psychology of market cycles and the corresponding emotions of traders, after passing through the pessimistic phases of "panic," "capitulation," and "depression," bitcoin is moving towards the "hope" stage.
According to analyst CryptoYoddha's chart, the cryptocurrency is currently going through the "disbelief" or "sucker's rally" stage. The next step is the "hope" of price recovery, potentially to $50,000 and above by the end of 2023. The upward movement will correspond to the passage through the stages of "optimism," "belief," "thrill," and finally, "euphoria."

– An analyst known as Trader Tardigrade believes that bitcoin is replicating the same price structure as it did in the period from 2013 to 2018, when it followed the pattern of transitioning from the "previous peak" to the "top-1", which preceded "top-2" and the "retest" (the stage at which bitcoin currently stands). If this model holds true, the next step would be a price "boom" which could lead to bitcoin rising to $400,000 by 2026.

– According to another expert, Stockmoney Lizards, bitcoin has just emerged from its third historical cycle, during which it reached an all-time high of $68,900, and has entered its fourth price cycle. The culmination of this cycle could be a new record between $150,000 and $200,000 in Q2 or Q3 of 2025.

– Cody Buffington, the host of the Altcoin Buzz YouTube channel, holds the view that a surge in bitcoin's volatility will occur sooner than everyone anticipates. According to him, the upcoming volatility of the flagship cryptocurrency could rival its growth since January 2023.
Buffington noted that in July, the price of bitcoin oscillated in a narrow range around the $30,000 mark, which served as a kind of test for both bulls and bears. And more often than not, such flat trading occurs before major movements. As proof, he pointed to the Bollinger Bands and a visual display of the indicator, which shows that the bitcoin price chart is in its narrowest state since the start of 2023.

– Ripple recently released a review examining the impact of the cryptocurrency and blockchain industry on business and the financial sector. According to the document, more than 90% of global financial leaders believe that blockchain technology will significantly influence business and finance over the next three years, indicating a substantial increase in their confidence in virtual currencies. 79% of business leaders expressed interest and confidence in using cryptocurrencies in their business. When considering various areas of cryptocurrency application, 44% of financiers chose their use for cross-border payments. Moreover, over 76% of company leaders are interested in institutional DeFi as a strategy for implementing innovations.

– According to a survey of 29 analysts conducted by Finder.com, their median forecast is as follows. Experts expect that by the end of the year, BTC will rise to $38,488, while the potential peak of bitcoin in 2023 could reach $42,000. By the end of 2025, according to the averaged opinion of analysts, the coin's price could reach $100,000, and by the end of 2030 - $280,000.
Naturally, individual forecasts of experts varied. Overall, the majority of survey participants (59%) are optimistic about BTC and believe that now is a good time to enter the market, 34% simply advise holding the existing cryptocurrency, and 7% suggest selling it.

– At present, there is a certain hype around the artificial intelligence industry. Experts from the publication Finbold decided to ask Google Bard, a machine learning system, how much the flagship of the crypto market will cost after the long-awaited halving in 2024.
The AI noted that several factors could influence this, but bitcoin is very likely to reach a new all-time high. This will be facilitated not only by halving, but also by a more global implementation of BTC, as well as interest from institutional investors. Speaking of specific figures, Google Bard noted that after the halving, the coin could on a sharp impulse reach the $100,000 mark. On the other hand, Google Bard highlighted factors that could limit the growth of bitcoin. The AI also did not rule out the possibility that the crypto winter may continue in 2024.

– Sam Altman, founder and CEO of OpenAI, which created the popular AI chatbot ChatGPT, has launched his own cryptocurrency, Worldcoin, based on a blockchain system that uses eye recognition for user authentication and distinguishes between humans and bots. On July 24, the Binance cryptocurrency exchange listed the Worldcoin (WLD) token and preliminary trading began in the newly added spot pairs WLD/BTC and WLD/USDT.


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.

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