On September 12, $Bitcoin (BTC.CC)$Please use your Futubull account to access the feature.$Ethereum (ETH.CC)$ The trend is volatile, with Bitcoin now at $57,771 and Ethereum at $2,341.
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Blackrock: Bitcoin is an alternative currency to the global legal tender.
Global asset management giant BlackRock states that Bitcoin, as a hedge tool for the global financial system, can cope with the escalating global chaos and geopolitical uncertainty. BlackRock believes that Bitcoin can serve as an alternative currency in response to the declining trust in governments, banks, and fiat currencies.
Standard Chartered Bank: Bitcoin may reach a new high at the end of the year, with limited impact from the results of the US election.
Standard Chartered Bank's Head of Forex and Digital Asset Research, Geoff Kendrick, stated in a recent analysis report that regardless of the outcome of the US presidential election, the price of Bitcoin is expected to reach a new all-time high by the end of 2024. Kendrick predicts that if Trump wins, Bitcoin could reach $125,000; if Harris is elected, the price could reach $75,000. Kendrick emphasizes that the impact of the US election on the future trend of Bitcoin is relatively small compared to market expectations. He points out that positive changes in the regulatory environment are one of the key factors driving the growth of Bitcoin prices. Regardless of who takes the White House, the process of relaxing regulation of digital assets (especially the revocation of SAB 121) is expected to continue in 2025. In addition, Kendrick mentioned that the development of the US bond market provides favorable conditions for the long-term trend of Bitcoin. He predicts that there will be a seasonal rebound in the inflow of funds into the spot Bitcoin ETF in October.
Report: Growing Interest in Cryptocurrency Among US Consumers
Deutsche Bank stated in a report on Wednesday that interest in cryptocurrency among US consumers is growing, with less than 1% of people considering it a "flash in the pan," a significant decrease compared to previous years. Among those surveyed, slightly more than half believed that cryptocurrency is an important asset class and payment method, and 65% believed that cryptocurrency could replace cash. The bank surveyed over 3,600 consumers in the United States, United Kingdom, and Europe in March and July. Analysts Marion Laboure and Sai Ravindran wrote: We expect the democratization of cryptocurrency to further advance in the next 2-3 years, driven by exchange-traded funds (ETFs), Federal Reserve policy, and regulation.
Trump: Cryptocurrency Project World Liberty Financial to Launch on September 16th
Donald Trump announced that his cryptocurrency project, World Liberty Financial, will officially launch on September 16th. He stated on his official X account that the project aims to "embrace the future of cryptocurrency" and "abandon outdated large banks." Trump actively embraced cryptocurrency during his campaign and promised that if reelected as president, he would dismiss SEC Chairman Gary Gensler and prevent the US from selling 213,000 bitcoins. The project will be based on the decentralized finance platform Aave and the Ethereum blockchain, and will focus on the "credit account system." Corey Caplan, co-founder of Dolomite, has been appointed as a project advisor, and the project will work with top security experts to ensure user safety. Two days ago, Lara and Tiffany Trump's X accounts were hacked and token-related information was released. Congresswoman Maxine Waters criticized the project.
Salvadoran President Nayib Bukele's push for Bitcoin is more of a public relations strategy
Journalist Vera Bergengruen of Time magazine said that Salvadoran President Nayib Bukele's push for Bitcoin to become legal tender is primarily for public relations purposes rather than substantive economic improvement. Bukele's advisor described the introduction of Bitcoin as a "great rebranding" with the aim of changing the external perception of El Salvador. Since announcing the legalization of Bitcoin in 2021, this policy has caused confusion and has forced the Bukele team to promote the potential benefits of Bitcoin. Bukele has proposed the establishment of a "Bitcoin City" powered by volcanoes, but the project has not yet been completed. He also regularly discusses using national funds to purchase Bitcoin, with approximately $0.4 billion in the "public wallet" at present. Bukele will continue to serve as president until 2029.
Eight Democratic lawmakers held a private roundtable meeting with executives from the crypto industry to specifically discuss Bitcoin-related issues.
According to Fox reporter Eleanor Terrett, on Wednesday afternoon, the crypto industry organization Digital Chamber and the office of U.S. Congressman Wiley Nickel held a policy-focused private roundtable meeting specifically to discuss Bitcoin. This meeting was organized by House Democrats who are interested in further understanding the largest digital currency and its legislative approach. Attendees included eight Democratic House representatives (names not disclosed) and executives from Riot Platforms, Baker Mckenzie, Auradine, TeraWulf, Sustainable BTC, and CleanSpark. The topics discussed reportedly included the use of BTC for financial inclusion, mining, and energy sustainability.
Visa releases its first cryptocurrency research report.
Payment giant Visa has released a cryptocurrency research report on the use of stablecoins. The research indicates that the use of stablecoins has gradually surpassed speculative trading and is increasingly being used in real-world applications. The study, titled "Stablecoins: the story of emerging markets", tracks the actual usage of stablecoins on a global scale for the first time, surveying 2500 users in Brazil, Nigeria, Turkey, Indonesia, and India.
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