– Craig Wright, an Australian computer scientist and businessman who claims to be Satoshi Nakamoto, has now expressed his disillusionment. "As the creator of bitcoin, I am both fascinated and disappointed by how far the so-called cryptocurrency industry has deviated from bitcoin's original vision," he wrote. Wright insists that bitcoin was never intended to be an investment or a store of value. Yet, the focus has now shifted towards speculation, quick profits, and "pump and dump" strategies. "It's saddening to see so much attention given to the price, rather than the transformative power of the technology," laments the scientist.

– Adam Back, one of the leading figures in the crypto industry and CEO of Blockstream, has wagered a million satoshi (0.01 BTC) that the price of bitcoin will reach $100,000 before the next halving. The bet was the result of a wager made with a user of platform X (formerly Twitter) under the pseudonym Vikingo. Vikingo believes that the 'digital gold' will not achieve this price level until at least 2025. The head of Blockstream is confident it will happen by March 31, 2024, which is roughly a month before the halving. Blockstream's former Director of Strategy and now CEO of Jan3, Samson Mow, agreed with his former colleague. He also anticipates a new all-time high will be reached before the halving, not after.
At the time of writing, a bet of 1 million satoshi is approximately worth $290. Considering Adam Back's net worth is estimated to be between $100-300 million, the bet amount elicited a number of cheeky comments. Some users even offered to provide the entrepreneur with financial assistance.

– The popular analyst known as PlanB, who created the S2F (Stock-to-Flow) bitcoin forecasting model, believes that by the time of the next halving, BTC will be valued at around $55,000. The S2F model's signals indicate the likelihood of the coin moving to this price point.
Opinions gathered by the BeInCrypto editorial team vary from PlanB's prediction. For instance, analysts from Seeking Alpha believe that the cryptocurrency should be priced at about $98,000 for miners to remain profitable after the halving event.

– Mayor of Miami and U.S. presidential candidate, Francis Xavier Suarez, told CoinDesk TV in an interview that his election campaign is accepting donations in the leading cryptocurrency. Supporters of the politician can donate a minimum of 0.00034 BTC or an equivalent of $1.
"Nobody wants the federal government to know how much money you have and where you keep it," Suarez stated. "The biggest mistake made by this administration [under President Biden] is that they don't understand the crypto industry, so they've resorted to a heavy-handed regulatory approach instead of establishing basic rules.".

– Trader, analyst, and founder of the venture company Eight, Michael Van De Poppe, debunked investors' speculations about the first cryptocurrency's price plummeting to the $12,000 mark and reassured those talking about a total capitulation of altcoins.
"The bear market has been ongoing for over two years," he wrote, making it the longest market in cryptocurrency history. However, this is unsurprising against the backdrop of hacks, bankruptcies, and legal disputes in the crypto industry. From the analyst's observations, bearish sentiments are most often found among those who invested in digital assets for the first time in 2021. "For them, the slow loss of money feels extremely painful, and they only anticipate further portfolio value decline," noted the expert.
In his view, we are currently in the second stage of capitulation – the most boring period of the cycle where it seems like nothing is happening in the markets. "Be patient, take solace in the fact that you're still in the game, accumulate positions. [...] Major companies are entering the fray, and the wisest thing you can do is follow their lead," Van De Poppe advised.

– Founder of the charitable foundation The Bitcoin Foundation, Charles Shrem, believes that the issuance of stablecoins by PayPal (PYUSD) will lead to an increase in the price of bitcoin to at least $250,000 much faster than anticipated. In his view, ETH will surge at an accelerated pace to $18,000 since PYUSD is issued on the Ethereum blockchain. Consequently, the value of this altcoin may rise due to an increased number of network users brought by PayPal clients.
It remains a mystery why Shrem believes PYUSD will positively impact bitcoin's price. A crypto trader known by the pseudonym Smitty thinks that the issuance of stablecoins will, on the contrary, result in a decrease in BTC's value, as it will boost the investment appeal of its competitor, ETH.

– The primary digital asset has been held within a narrow trading range for two months, and network indicators point to accumulation in anticipation of a price breakout. According to the Blockware Intelligence newsletter, the volume of liquid and highly liquid supply is at its lowest level since 2018. Speculative traders swap a decreasing number of coins back and forth, while long-term holders consistently resort to cold storage, Blockware stated.

– Prominent trader, Tone Vays, noted that selling pressure is on the rise and the price of the foremost cryptocurrency could significantly decline. "Bitcoin continues to struggle, but I'd say there's a high probability of the BTC rate dropping to the next moving average. And if daily candles keep closing below the previous ones, I'd advise reducing the position by 50% because I can't pinpoint to what levels bitcoin might drop. It could potentially fall to $25,000. There are enough people in the market who, for some reason, keep selling their coins," the analyst writes.
Tone Vays is convinced: if bitcoin does drop to $25,000, there's a high likelihood of further long-term decline. From an expert's perspective, the primary cryptocurrency "stands on the edge of a cliff, and things are looking grim." "The price needs to rebound immediately, I mean, within this month. We can't afford to decline for another month; otherwise, panic will ensue in the market, and I wouldn't be surprised if BTC trades below $20,000. Moreover, miners might start offloading their reserves, which is highly risky," the specialist warns.
It's worth noting that in late May, Vays predicted a swift rise of the premier cryptocurrency above $30,000. The forecast turned out to be accurate; however, BTC couldn't sustain that level.

– The Arkham Intelligence platform has offered a $46,000 reward for credible information leading to the perpetrator behind the FTX exchange hack. It's worth noting that on November 11, 2022, FTX suffered a theft of crypto assets amounting to approximately $400 million. On the same day, the exchange filed for bankruptcy. To claim the reward, individuals are required not only to identify the hacker but also to provide indisputable evidence of the individual's guilt. Submissions for this bounty must be made by August 17.
Miguel Morel, CEO of Arkham, has expressed that the platform will persistently support such investigations in the future to deter potential offenders.


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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