CRYPTO NEWS

Crypto News Daily Analysis

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Today we are going to cover some important news  Which is directly come from the world economic form

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Crypto news Headlines

Miami Mayor Francis Suarez believes that Bitcoin ( BTC) must be viewed as an innovative asset instead of just the type of investment.

Suarez’s remarks were made in his panel discussion about “The future of crypto” during the 3rd day of the World Economic Forum (WEF) 2022, which is taking place in Davos. Suarez stated:

“We live in a world where investors only look at things from a return perspective, but Bitcoin should be seen from an innovative and technology perspective.”

During the debate when they asked for volatility in crypto

On that part  Suarez  said that the phenomenon is a part of the crypto ecosystem and has been common among evolving and nascent tech. 

They also indicate the Bear market plays an important role in crypto market ecosystem

He reminded people that while the debate about volatility appears to be a popular topic only in bear markets but it is a crucial part in times when the market is moving upwards as well.

He also indicates a big and sensible point they told that at some point BITCOIN Price become stable and work as a currency in a few years.

“I will talk from the Bitcoin perspective since it’s the original cryptocurrency. Currently, it is behaving like an asset class, but over time it would move towards being a currency. Once its currency aspect takes center stage, I think the price will stabilize as well.”

If asked about the motivation to support BTC, Suarez said:

“Who can we trust today? Politicians? The bankers or policymakers? This is where the likes of Bitcoin are making a mark, even though invented by a human it has been designed to follow a set of codes that cannot be altered.”

Suarez was with Crypto Council for Innovation CEO Sheila Warren,

Crypto News Headlines 2

Brazilians people now can buy apartments through Bitcoin another Big move by Crypto Adoption.

Gafisa one of Brazil’s most prominent real property developer, recently announced that it will allow bitcoin as a method of payment for purchases of apartments. This makes it the latest publicly traded firm to accept Bitcoin as a digital asset.

Because that the crypto Market lets people who live in other countries than Brazil to transfer value to Brazil in a quick and safe manner, it’s an attractive option for investors who are interested in investing Brazilian real property market that reside all over the world According to the Study by Brazilian publication Livecoinson on May 23.

Although the Brazilian Central Bank does not recognize cryptocurrency as a method of payment, the method of exchange has evolved to the point that it is widely used. The presence of companies which are listed on stock exchanges is a sign of the widespread usage.

Guilherme Augusto Soares Benevides, Chief Executive Officer at Gafisa Incorporadora e Construtora in Sao Paulo, said that

“Bitcoin is the largest cryptocurrency in market value and it is a currency that is growing in popularity every day, also expanding the possibilities of its use. There is a natural tendency to digitize payments. If we stop to think that the Central Bank will launch the digital real in 2022, we can conclude that, in fact, digital currencies are increasingly present in the world.”

Crypto News Headlines 3

Scott Minerd, the CIO of the multi-billion-dollar investment firm Guggenheim Partners, told CNBCon Monday that he believes bitcoin will be able to reach $8,000 by the end of the latest downturn in the benchmark crypto currency’s price.

He said that

“When you break below $30,000 consistently, $8,000 is the ultimate bottom, so I think we have a lot more room to the downside, especially with the Fed being restrictive,” 

the investment officer stated. It’s worth noting that U.S. Federal Reserve is currently adopting tighter fiscal policies to reduce the rise in inflation.

BTC is trading at $29,248 at presstime in the midst of a prolonged period of high volatility. A drop to $8,000 would be an increase of more than 75% from the current level.

Minerd said that the majority of crypto currencies as “junk” however, he believes bitcoin and ethereum are the only ones left. However, he does not believe that these two major crypto assets are the main players. In the opinion of Minerd, “we don’t have the most suitable crypto-related prototype at the moment”. It could be a different crypto currency that is compatible with the requirements of a currency that could be the biggest winner in the future.

In our view, Btc can recover but we have to wait for 2024 and we may see Bitcoin’s all-time high in 2025

This will be after the next halving event in 2024, where miners’ per block payouts will be slashed from the current 6.25 BTC to 3.125 BTC.

The BTC Halving cycle has historically been characterized by a two-year recovery rise in the months leading up towards the event which is followed by a 12 month stratospheric rally and an entire year of bear markets. If the past is any indicator 2021 was thought to be a bullish year. Bears are likely to be in the driving seat this year. They will set the stage for a massive rise next year, and then a bull market following the halving event in 2024.

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