Coinbase CEO Bets On Bitcoin Hitting $1 Million In The Next 5 Years
Coinbase CEO Brian Armstrong put a bold price on Bitcoin this week, saying the token could hit $1 million by 2030. He posted the prediction on X and pointed to rising institutional interest and clearer rules in the US as reasons for the call. Related Reading: Ethereum Captures Investor Frenzy, Overtakes Bitcoin With Nearly $3-B Surge Short-term moves will still be messy, he warned, but the long-term case is getting stronger. Armstrong Joins High-Profile Bull Calls According to Armstrong, the shift in tone from regulators matters. He flagged pending stablecoin legislation and a market....
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Timothy Draper, co-founder of VC firm DFJ, is putting more money into the Bitcoin ecosystem, reportedly. Coming across the wire today by way of Re/code is news that Coinbase Series C funding is being raised right now. According to sources close to the deal, Coinbase is expected to take in between $40 million and $60 million USD in fresh new capital. The new round is expected to be led by DFJ. Coinbase has previously raised $31 million USD in funding over the last few years. Since Coinbase's inception in 2012, the company has received recognition both from within and from outside the....
BTC futures data shows bulls are not sure that Bitcoin price will hold above $24,000, but range-bound action could help them profit from Aug. 12’s $475 million options expiry. Bitcoin (BTC) has been posting higher lows for the past eight weeks, but during this time, BTC has not been able to flip the $24,000 resistance to support on at least three different opportunities. This is precisely why the $475 million Bitcoin options expiry on Aug. 12 might be a game changer for bulls.Considering the current regulatory pressures in play, there seems to be a good enough rationale for avoiding....
Coinbase CEO Brian Armstrong feels pretty confident about the outcome of a block size hard fork. In fact, he’s willing to bet $5,000 that “Bitcoin’s first hard fork works out just fine.” In a Medium post by the Coinbase founder, Armstrong declares that the code will not be a split and is merely upgrading. Brian Armstrong has been very vocal about the....
Bitcoin gambling site SatoshiDice has recovered after being felled for several days by a DDoS attack. The site went down several days ago, and was inaccessible from the Internet. Erik Voorhees, who created the site and sold it for $11.5 million in July, no longer runs the site, but naturally still has insights into how it operates. DDoS attacks happen a lot to bitcoin gambling sites, he said. "They largely wasted their money," he said of the attackers, pointing out that the website isn't needed for the placing of bets. It simply provides information about bet statistics, and bitcoin....
U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal. Microstrategy’s first bitcoin (BTC) haul of $250 million bought in August was executed over five days, Coinbase revealed in a case study of the transactions. The deals – done via the exchange’s brokerage unit called Coinbase Prime – leveraged human effort and trading algorithms that sliced Microstrategy’s order into 200,000 fills. Each fill averaged under 0.3 BTC in size,....