– One of the speakers at the annual Bitcoin-2024 conference in Nashville (USA) was the United States presidential candidate Donald Trump. He promised to dismiss the Chairman of the Securities and Exchange Commission (SEC), Gary Gensler, if elected, and to appoint regulators who are friendly to the crypto industry to key positions. "From now on, the rules will be written by those who love your industry, not hate it," Trump declared, receiving a thunderous applause from the audience.

The politician also intends to end the war on digital assets, transform the USA into the world's cryptocurrency capital, and establish a strategic national bitcoin reserve. Trump also stated that "one day," bitcoin will surpass gold and silver in market capitalisation.

Trump's Republican colleague, Senator Cynthia Lummis, went even further. She has prepared a bill requiring the US government to create a reserve of 1 million bitcoins within 5 years. "The goal is to recognise bitcoin as a durable asset. This is digital gold," Lummis stated.

– The head and founder of MN Trading, Michael van de Poppe, commented: "Bitcoin has once again reached the $70,000 mark. Donald Trump's speech had a positive impact, which may allow bitcoin to test its all-time high in the coming weeks. As long as it stays above $60,000-62,000, we have good prospects for further growth."

Some experts, such as Dan Crypto Traders and Tanaka, predict that BTC could rise to $100,000, and ETH to $8,000-10,000, while analyst Daan de Rover, known on the social media platform X as Crypto Rover, expects the price of BTC to exceed $800,000. De Rover bases his forecast on Trump's remarks that bitcoin could surpass gold in capitalisation. According to the analyst's calculations, if this happens, the value of one BTC would be exactly $813,054.

– Former NSA and CIA special agent, Edward Snowden, who has found asylum in Russia, also spoke at Bitcoin-2024 via internet connection. During his speech, he urged American voters to remain critical and not to trust politicians blindly. He mentioned that political figures and parties have their own agendas and are simply trying to garner the support of the bitcoin community. Therefore, it is important to "cast a vote, but not join a cult."

Snowden also expressed serious concerns about privacy issues related to the first cryptocurrency. He reminded the audience that bitcoin transactions are not entirely anonymous, despite common misconceptions, as they can be traced back to specific individuals. "They know what you read, what you buy, who you send [bitcoin] to, whom you support politically, where your donations go: this information is available to them. They can draw conclusions about your thinking and beliefs," Snowden stated.

– Another speaker at the conference in Nashville was the founder of MicroStrategy, Michael Saylor, who announced that bitcoin prices would reach $13 million by 2045. According to his calculations, with the current bitcoin price at around $65,000, its market capitalisation is approximately $1.3 trillion, only 0.1% of the world's wealth. With an annual return of about 29%, digital gold could reach $280 trillion and 7% by 2045.

Saylor noted that this is an average projection. If a bullish scenario unfolds, the price of 1 BTC could reach $49 million, accounting for 22% of global wealth. Conversely, if a bearish scenario occurs, the figures would be $3 million and 2%, respectively.

The MicroStrategy founder is confident that all physical capital, from stocks and bonds to cars and real estate, obeys the laws of thermodynamics, including entropy, the tendency for energy to dissipate over time. "Entropy dilutes the value of physical assets. It drains capital from them." According to Saylor, the main cryptocurrency is an exception to this rule because it "does not exist in the physical world" and possesses "infinite lifespan." "Bitcoin is immortal, immutable, and intangible," he stated, calling it "the solution to our economic dilemma."

– The University of Wyoming (USA) has established the UW Bitcoin Research Institute, as announced by the university's director, Bradley Rettler. The announcement highlighted that many studies on bitcoin are of poor quality because they are conducted by individuals who do not fully understand the asset. "Some researchers are not even aware of the supply limit: perhaps the most defining characteristic of bitcoin. Others make erroneous assumptions about the demographics of its users. [...] Such mistakes find their way into journalism and politics," Rettler wrote, adding that the institute aims to produce high-quality publications.

– Scammers have published a fake video on YouTube, appearing to show Elon Musk speaking at the Bitcoin-2024 conference and promising a free cryptocurrency giveaway. The deepfake of the Tesla and SpaceX CEO was created using artificial intelligence. In the video, users are instructed to send any amount of BTC, ETH, DOGE, or stablecoins like USDT to a specified address. In return, the scammers promise to double the sent amount.

It is reported that over 70,000 people have viewed this "broadcast," resulting in several tens of thousands of dollars being "donated" to the scammers. It is worth noting that theft using deepfakes of Musk has occurred repeatedly. In November 2023, perpetrators promoted another cryptocurrency giveaway in his name, promising a 200% bonus on the amount invested.

– The well-known analyst known as Plan B has forecasted that the price of bitcoin will rise to $140,000. After the flagship cryptocurrency reached $70,000 on 29 July, he wrote: "I expect the price of bitcoin to double from its current value within 3-5 months."

Plan B explained his prediction by noting that following the halving in April, "miner revenue has hit rock bottom, meaning less profitable miners have stopped operations. Only the most profitable ones (with the latest equipment and the lowest electricity costs) have survived." He added, "The battle is over; difficulty will continue to rise. Investors will take over the pricing," indicating that the market dynamics will increasingly be influenced by investor sentiment and actions.

– Economist and trader Alex Krüger believes that bitcoin is in a super cycle. According to him, Wall Street and the traditional financial world have fundamentally changed the structure of the digital asset market. Due to the new nature of the crypto market, downward volatility will be much more limited, and buying activity will significantly increase due to pressure from Wall Street to expand access to digital assets.

"The essence of the super cycle," explained Krüger, "is not that we no longer have bear markets or corrections and are just going up. It means that upcoming corrections will be shallow, and this won't last forever."

"The main driving force behind this change," Krüger continues, "is that Wall Street is now involved, and ETFs [exchange-traded funds] are here, which has radically altered the market structure. [...] The proportion of bitcoin ownership is currently very low in aggregate terms and certainly within portfolios. Wall Street's marketing push suggests that this figure should be around 2%." Based on this, the economist believes the super cycle will continue until this target is reached.

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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