Skip to content
Crypto Birb
Crypto Birb

Your Crypto & Blockchain Encyclopedia

  • HOME
  • Crypto News Live (English)
  • BLOG POST
  • BLOGS IN HINDI
  • Web Stories
  • Crypto Tools
  • Our Services
  • CONTACT US
Crypto Birb

Your Crypto & Blockchain Encyclopedia

bitcoin ethereum cover
May 25, 2022May 25, 2022

Crypto News Daily Analysis

Sharing is caring!

  • Facebook
  • Twitter
  • LinkedIn

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

Table of Contents

  • 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.
  • Crypto News Headlines 2
  • Brazilians people now can buy apartments through Bitcoin another Big move by Crypto Adoption.
  • Crypto News Headlines 3

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.

Sharing is caring!

  • Facebook
  • Twitter
  • LinkedIn
CRYPTO NEWS

Post navigation

Previous post
Next post

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Posts

  • 7 Best Ways to Earn Free Cryptocurrency in 2023
    CRYPTO NEWS Technology

    7 Best Ways to Earn Free Cryptocurrency in 2023

    March 19, 2023
  • Breaking News: RBI and UAE Central Bank Sign MoU to Revolutionize Financial Innovation(CDBC)
    Alert CRYPTO NEWS

    Breaking News: RBI and UAE Central Bank Sign MoU to Revolutionize Financial Innovation(CDBC)

    March 19, 2023
  • BlackRock explores tokenization of stocks
    CRYPTO NEWS

    BlackRock explores tokenization of stocks

    March 19, 2023
  • How Whales Move $1 Billion Worth of USDT Off Crypto Exchanges in Just Days
    Alert CRYPTO NEWS Why Crypto down today

    How Whales Move $1 Billion Worth of USDT Off Crypto Exchanges in Just Days

    March 16, 2023
  • We are thrilled to announce that Uniswap has expanded its exchange services to the Binance Smart Chain!
    CRYPTO NEWS Technology

    We are thrilled to announce that Uniswap has expanded its exchange services to the Binance Smart Chain!

    March 16, 2023
  • India Takes Firm Action Against Cryptocurrency Crimes Under PMLA Regulations
    CRYPTO NEWS

    India Takes Firm Action Against Cryptocurrency Crimes Under PMLA Regulations

    March 15, 2023
  • Evidence Suggests Bitcoin Still Moves Lower Before New Bull Market
    Bitcoin CRYPTO NEWS

    Evidence Suggests Bitcoin Still Moves Lower Before New Bull Market

    March 13, 2023
  • Bitcoin Surges Above $24.3K Following President Biden’s Speech | Why Bitcoin up today
    CRYPTO NEWS Why Crypto Up today

    Bitcoin Surges Above $24.3K Following President Biden’s Speech | Why Bitcoin up today

    March 13, 2023
  • Litecoin’s Halving: What Investors Need to Know in 2023
    Cryptocurrency Basics Litecoin

    Litecoin’s Halving: What Investors Need to Know in 2023

    March 13, 2023
  • U.S. Treasury’s Janet Yellen Works to Prevent SVB Collapse, Not Bailout
    CRYPTO NEWS Why Crypto down today

    U.S. Treasury’s Janet Yellen Works to Prevent SVB Collapse, Not Bailout

    March 12, 2023

Recent Comments

  1. Ahmed Uphaus on अल सल्वाडोर का सकल घरेलू उत्पाद अपने इतिहास में पहली बार दो अंकों से बढ़ गया – राष्ट्रपति बिटकॉइन से संबंधित प्रौद्योगिकियों पर अधिक ध्यान केंद्रित किया है
  2. Seymour Santini on Crypto Meaning in Hindi
  3. admin on The Metaverse is Expanding and Merging The Science Fiction Elements Into Virtual Reality!
  4. Abdul Razzaq on The Metaverse is Expanding and Merging The Science Fiction Elements Into Virtual Reality!
  5. Indu vashish on What is Play To Earn Game Token?

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021

©2023 Crypto Birb | WordPress Theme by SuperbThemes