VanEck released long-term capital market assumptions projecting Bitcoin (CRYPTO: BTC) could reach $2.9 million by 2050 in its base case, implying a 15% compound annual growth rate from current levels near $88,000.

Base Case Built On Settlement And Reserve Adoption

VanEck’s base case assumes Bitcoin will settle 5-10% of global international trade and 5% of domestic trade by 2050, while central banks allocate 2.5% of their balance sheets to Bitcoin as a reserve asset.

The projection represents a structural shift from speculative asset to institutional monetary instrument. 

VanEck models Bitcoin’s penetration into two markets: global medium of exchange and central bank reserve assets.

The…

Read more on Benzinga

Bitcoin continues to trade around $90,000 as crypto sentiment remains neutral; liquidations stand at $222.72 million over the past 24 hours.   

Bitcoin ETFs saw $398.95 million in net outflows on Thursday, while Ethereum ETFs reported $159.2 million in net outflows.

CryptocurrencyTickerPriceBitcoin(CRYPTO: BTCEthereum(CRYPTO: ETHSolana(CRYPTO: SOLXRP(CRYPTO: XRP)$90,407.00)$3,094.62)$138.71              )$2.09

Support And Resistance Same?

Crypto trader Jelle said Bitcoin is retesting a level that capped prices for weeks and is now being tested as potential support.

Daan Crypto Trades noted Bitcoin has moved largely sideways versus the S&P 500 over the past two months, sitting…

Read more on Benzinga

Galaxy Digital Inc. (NASDAQ: GLXY) CEO Mike Novogratz expressed concern Wednesday about the current state of cryptocurrency treasury companies, emphasizing the importance of creating shareholder value beyond just owning the underlying asset.

Novogratz Questions Current Landscape

Speaking to SkyBridge Capital founder Anthony Scaramucci, Novogratz said that these companies will continue to trade below their net asset value, between 80% and 95%, unless the management “turns them into companies.”

“Remember the guys running those, the CEOs of those DATs, and the boards, their job is shareholder value. So, what I’m feeling pretty comfortable about is you’re not going to get…

Read more on Benzinga

Dow Jones Industrial Average futures edged higher on Friday morning, buoyed by defense and energy heavyweights, while Nasdaq futures slipped as investors priced in the inflationary risks of a potential Middle East conflict amid intensifying unrest in Iran.

The divergence comes as the Iranian regime faces its most severe existential threat in decades, with crude oil prices climbing on fears of supply disruptions.

FuturesChange (+/-)Dow Jones0.01%S&P 500-0.01%Nasdaq 100-0.03%Russell 20000.05%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, closed lower on Thursday. The SPY was down 0.01% at…

Read more on Benzinga

Wagering on Iran’s Supreme Leader Ayatollah Ali Khamenei losing power has surged dramatically on Polymarket as anti-regime protests entered their 12th day.

Bets On Khamenei And Iran Surge

In just four days since launch, the trade volume for the “Khamenei out as Supreme Leader of Iran by January 31?” bet has spiked to $4.7 million.

It currently stands as one of the most popular bets on the Polygon (CRYPTO: POL)-based prediction platform, surpassing those tied to Greenland, tariffs, NBA games, and interest rate cuts.

Punters currently assign just a 17% chance that Khamenei will be removed from power by the end of the month, while betting heavily, at about 82%, on him continuing as…

Read more on Benzinga

President Donald Trump dismissed the idea of pardoning jailed cryptocurrency fraudster Sam Bankman-Fried, according to a report published Thursday.

SBF Won’t Get Reprieve From Trump

During an interview with The New York Times, Trump indicated he has no intention of pardoning high-profile individuals, including Bankman-Fried, music sensation Sean Combs and Nicolás Maduro, the recently deposed Venezuelan leader.

Bankman-Fried, also known as SBF, who once promised to “build the future of finance,” is serving a 25-year sentence, projected to end four years early due to ‘good conduct’ credits.

He was convicted of misappropriating funds from his FTX cryptocurrency exchange customers…

Read more on Benzinga

Leading cryptocurrencies came under pressure on Thursday as investors trimmed risk appetite after the market’s recent advances

CryptocurrencyGains +/-Price (Recorded at 8:25 p.m. ET)Bitcoin (CRYPTO: BTC)-0.31%$91,077.15Ethereum (CRYPTO: ETH)               -2.16%$3,104.57XRP (CRYPTO: XRP)                         -2.14%$2.12Solana (CRYPTO: SOL)                         +1.29%$138.58Dogecoin (CRYPTO: DOGE)                         -3.04%$0.1422Crypto Market Loses Steam

Bitcoin dipped below $90,000 in early trading but recovered to hover around $91,000. Trading volume barely increased over the last 24…

Read more on Benzinga