Dan Tapiero, the legendary macro investor in digital assets, has high expectations for Bitcoin. On May 14, 2024, the investment guru made a social media forecast on X that Bitcoin can explosively rocket off from $65,000 to $90,000 soon after sideways overlapping flag-type consolidation is complete. According to him, the pattern suggests that Bitcoin is setting itself up for another colossal price breakout. His confidence in Bitcoin’s potential comes amid broad optimism in the future of cryptocurrencies.

Despite the uncertainty over what will cause this surge, Tapiero’s history makes him quite a credible figure. He has founded and led firms that have held over $1.2 billion worth of investments and had a track record of keen market analysis. Like his fellow investor, Raoul Pal, Tapiero, therefore calls for the community to seize the moment. There is no better time for those who believe in cryptocurrency.

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The State of Wisconsin Investment Board had recently made a big move in investing $99 million into iShares Bitcoin ETF. This shows interest and trust in Bitcoin investments by an institutional investor. The iShares Bitcoin ETF allows traditional investors to gain market exposure through the Bitcoin price action without necessarily holding the asset themselves. The purchase very much demonstrates a view that Bitcoin is an asset of real value.

Source: SEC Official Website

$1M – $10M MarketCap:

1. Frutti Dino (FDT): 234%
2. Wall Street Baby (WSB): 86%
3. sudoswap (SUDO): 49%
4. Ready to Fight (RTF): 16%
5. Gala Music (MUSIC): 11%

$10M – $100M MarketCap:

1. GameStop (GME): 311%
2. Non-Playable Coin (NPC): 56%
3. CrossFi (XFI): 29%
4. ThunderCore (TT): 25%
5. Pepe 2.0 (PEPE2.0): 17%

$100M – $1B MarketCap:

1. Mog Coin (MOG): 29%
2. Popcat (POPCAT): 24%
3. ConstitutionDAO (PEOPLE): 20%
4. MAGA (TRUMP): 14%
5. Beldex (BDX): 14%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Ah, the wild west. John Wayne, the Man with No Name, Billy the Kid and Jesse James.

The frontier has a way of capturing everyone’s imagination – young and old. The cowboys, the outlaws, the gold prospectors. A land of opportunity and harsh cruelty. Unforgiving yet irresistible.

Bitcoin was once such a frontier. The early days were rife with scams, “criminals” and underground markets. The underbelly of the internet embraced it first. It was an agora filled with foreign and obscure figures. It thrived as a counterculture, void of any rules and regulations. No government to protect you from yourself. No KYC, no AML – only your name, your PGP key, gribble, and the Web-Of-Trust….

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Alexey Pertsev, a developer for the Ethereum-based crypto mixer Tornado Cash, has been sentenced to 64 months in prison after a Dutch court found him guilty of money laundering charges on Tuesday.

The judge stated that the platform was “intended for criminals” and that Pertsev should have been suspicious of the criminal origins of transactions.

The closely-watched case marks a major blow to financial privacy advocates. Many critics argue that Pertsev is being unfairly targeted as the developer of an open-source platform. 

Further, they say he did not have control over how users chose to employ Tornado Cash to obscure transaction histories on the public blockchain.

Nonetheless, prosecutors…

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El Salvador, breaking new ground as the first country to embrace Bitcoin as legal tender, has introduced a platform that offers public insights into its BTC investment data through a personalized instance of the open-source project mempool.space.

El Salvador bitcoin holdings, now at 5,748 BTC and valued at more than $360 million, demonstrate the country’s commitment to the digital asset.

The Bitcoin Office, a Salvadoran government-owned agency overseeing BTC-related projects, announced the platform on May 12, providing real-time access to El Salvador’s bitcoin treasury holdings. This step underscores the nation’s dedication to open governance and accountability.

El… Read more on bitcoinnews