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Forbes
4 days ago
- Business
- Forbes
Bitcoin Braced For A Surprise $22 Trillion Fed Price Earthquake
Bitcoin and crypto prices have traded sideways since May—even as U.S. president Donald Trump's crypto czar predicts a 'big' July—after it surged through the first few months of Trump's second presidency. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price is up almost double from July last year, with predictions of 'trillions and trillions' of dollars still on the sidelines helping to fuel sky-high bitcoin price bets. Now, as a "huge" BlackRock crypto market bombshell suddenly appears on the horizon, the U.S. M2 money supply has hit a record $22 trillion—named by analysts as a potential catalyst for a bitcoin price breakout. Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run U.S. Federal Reserve chair Jerome Powell has said interest rates would have come down this year if ... More not for Donald Trump's global trade tariffs—something that some think could further boost the bitcoin price. "As M2 money supply begins to rise again, history suggests that a portion of this liquidity will flow into bitcoin and other digital assets," Matt Mena, crypto research strategist at 21Shares, said in emailed comments. Historically, the bitcoin price has tracked the M2 money supply, which is the Federal Reserve's estimate of liquid assets, including cash, money deposited in checking accounts, savings accounts, and other short-term saving vehicles such as money market funds. "If bitcoin continues to follow money supply growth, we could see $150,000 per coin before year end," Anthony 'Pomp' Pompliano, a crypto influencer who's set to lead a new bitcoin acquisition company, wrote in an emailed note. The increase in the M2 money supply comes as Fed chair Jerome Powell continues to argue the case for keeping interest rates on hold. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious The bitcoin price has shot higher over the last few years, climbing alongside the U.S. M2 money ... More supply. 'In effect we went on hold when we saw the size of the tariffs," Powell said this week during a conference panel discussion, it was reported by The Guardian newspaper, referring to Trump's Liberation Day of trade tariffs that sent shockwaves through the global economy. "Essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs. We didn't overreact, in fact we didn't react at all. We're simply taking some time.' Last month, the Fed kept interest rates on hold again after kicking of a reduction cycle in September, despite a growing number of Fed officials arguing for rate cuts. 'It's clear that the Fed expects inflation to continue above target,' David Morrison, senior market analyst at Trade Nation, said in emailed comments. 'That being the case, it sounds as if the Fed will only cut rates if the U.S. employment situation deteriorates significantly.'
Forbes
24-06-2025
- Business
- Forbes
‘Buckle Up'—Bitcoin And Crypto Brace For A Huge Fed Flip, Predicted To Spark A Price Boom
Bitcoin and crypto have rebounded after a major escalation in the Israel-Iran conflict sent prices spiraling amid fears of a 'doomsday' scenario. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price has climbed back over $100,000 per bitcoin, helped by U.S. president Donald Trump's shock prediction of 'massive' crypto investment. Now, as the market digests a Congress game-changer expected to 'unleash' trillions, bitcoin and crypto prices are braced for Federal Reserve chair Jerome Powell's semi-annual testimony before lawmakers—coming after Trump suddenly flipped on firing him. Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run U.S. Federal Reserve chair Jerome Powell has committed to keep interest rates on hold, with some ... More predicting the bitcoin price and wider crypto market could soar once when it begins cutting. 'Aside from any geopolitical updates, today's key event will be Fed chair Jerome Powell's testimony in Washington,' David Morrison, senior market analyst at Trade Nation, said in emailed comments. Trump posted to his Truth Social account over night that the Federal Reserve board should 'activate," forcing Powell, who he's branded 'too late,' to cut rates by "at least two to three points," and "save the U.S. more than $800 billion per year.' 'I hope Congress really works this very dumb, hardheaded person, over,' Trump added. The Fed kept interest rates on hold again last week after kicking of a reduction cycle in September that's been put on pause due to fears Trump's global trade tariffs could see a return of inflation. 'All eyes are on the Federal Reserve chair Jerome's testimony before Congress and Friday's PCE inflation print to determine how close the Fed may be to its long-awaited policy pivot,' Ray Youssef , the chief executive of NoOnes, said via email. 'The most bullish scenario would be confirmation of a Fed dovish policy pivot or a major de-escalation in global trade and geopolitical tensions, either of which could spark renewed interest in risk assets and push bitcoin towards retesting its all-time high.' Expectations around an eventual Fed interest rate cut have been built up by crypto traders and influencers on social media. 'Buckle up,' one crypto trader posted to X alongside a hopeful prediction that 'trillions' will flow in to crypto once the Fed eventually cuts rates—now priced at a 22% chance in July, up from just 10% last week, according to the CME FedWatch tracker. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious The bitcoin price has rocketed over the last year, with some predicting the bitcoin price will climb ... More even higher once the Federal Reserve cuts interest rates. Two Fed officials, Federal Reserve vice chair for supervision Michelle Bowman and Federal Reserve Bank of Chicago president Austan Goolsbee, have this week joined Fed governor Christopher Waller admitting it may be time to lower interest rates. 'It is time to consider adjusting the policy rate,' Bowman told a gathering held in Prague, it was reported by Reuters, while Goolsbee reportedly said that Trump's trade tariffs have 'not been what people feared." Powell has pointed to the expected increase in inflation as a result of Trump's so-called Liberation Day of global trade tariffs as reason to take a 'wait-and-see' approach to adjusting interest rates. Last week, Waller has said he doesn't expect Trump's tariffs to drive inflation higher so policymakers should be looking to lower interest rates as early as July. 'If you're starting to worry about the downside risk [to the] labor market, move now, don't wait,' Waller told CNBC.
Forbes
29-05-2025
- Business
- Forbes
JD Vance Just Issued A Huge Bitcoin Prediction After $2 Trillion Price Rally
Bitcoin is hovering just under its all-time high of $112,000 per bitcoin after soaring over the last month (with Elon Musk quietly confirming what could be a bitcoin price game-changer is happening 'soon'). Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price has rocketed around 50% since plummeting to April lows of $75,000, pushed on by fears of a growing U.S. dollar 'crisis" and catapulting bitcoin to a $2 trillion market capitalization. Now, as another big company follows Michael Saylor's Strategy in buying bitcoin, U.S. vice president JD Vance has predicted the number of Americans who own bitcoin is about to double to 100 million. Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run 'Fifty million Americans own bitcoin. I think it's gonna be 100 million before too long," Vance said, speaking at the Bitcoin 2025 conference in Las Vegas. Vance added that he still holds a "fair amount of bitcoin today" and that bitcoin will be a strategically important asset for the U.S. over the next decade as it faces off with China. "The People's Republic of China doesn't like bitcoin. Well, we should be asking ourselves, why is that," Vance said in comments reported by Reuters. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious 'Why is our biggest adversary such an opponent of bitcoin, and if the communist Republic of China is leaning away from bitcoin, then maybe the United States ought to be leaning into bitcoin.' Vance hailed U.S. president Donald Trump, who announced he would create a U.S. strategic reserve if elected president at last year's bitcoin conference in Nashville, as crypto's long-awaited 'champion.' "Crypto is a hedge against bad policy making from Washington, no matter what party is in control," Vance said in comments reported by Axios. "I'm here today to say loud and clear with president Trump, crypto finally has a champion and an ally in the White House."
Gulf Insider
22-05-2025
- Business
- Gulf Insider
Bitcoin Is Suddenly Surging As It Braces
Bitcoin has rocketed higher, soaring toward its all-time high of almost $110,000 per bitcoin despite BlackRock issuing a serious bitcoin warning last week. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can 'uncover blockchain blockbusters poised for 1,000% plus gains!' The bitcoin price has surged more than 30% since hitting Aprils lows of $75,000 per bitcoin, with the bitcoin rally sparking a flood of radical bitcoin price predictions. Now, as a report reveals a Mark Zuckerberg is quietly plotting to blow up the bitcoin and crypto market, options data shows traders are increasingly betting the bitcoin price will climb to $300,000 by June—a level that would give bitcoin a market capitalization of around $6 trillion. Bitcoin call options—bets on where the bitcoin price or other assets will be in the future—expiring at the end of June at the strike price of $300,000 are the second most popular call option on the Deribit exchange behind $110,000, according to data compiled by crypto analytics company Amberdata and seen by Bloomberg . 'If we look at dealer positioning on Deribit for bitcoin, we see dealers being short a lot of gamma $110,000 as traders are buying options for new all-time highs,' Greg Magadini, Amberdata's director of derivatives, told the financial newswire, referring to a gamma squeeze in which the market can suddenly swing. 'This is showing us that the market positioning is heating up in anticipation of new all-time highs and once in uncharted price territory, there's no telling how high bitcoin can go.' Click here to read more Also read: Abraaj Restaurants Becomes First Bitcoin Treasury Company in the Middle East
Forbes
15-05-2025
- Business
- Forbes
Serious BlackRock Bitcoin Warning Fuels ‘Disaster' Fears As The Price Suddenly Dives
Bitcoin has dropped back towards $100,000, falling sharply after a sudden surge fueled fears of a U.S. dollar collapse. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price, which earlier this week topped $105,000, has swung wildly over the last month as traders brace for further price shocks. Now, as Mark Zuckerberg is reportedly plotting to blow up the bitcoin price and crypto market, the world's largest asset manager, BlackRock, has quietly added a serious warning about quantum computing to the list of risks to its huge spot bitcoin exchange-traded fund (ETF). Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run BlackRock chief executive Larry Fink has become one of the most bullish pro-bitcoin voices on Wall ... More Street, helping the bitcoin price to soar. 'If quantum computing technology is able to advance […] it could potentially undermine the viability of many of the cryptographic algorithms used across the world's information technology infrastructure, including the cryptographic algorithms used for digital assets like bitcoin,' BlackRock's amended regulatory filing for its bitcoin fund read. BlackRock, which manages after around $10 trillion worth of assets for investors, spearheaded Wall Street's campaign to bring a long-awaited spot bitcoin ETF to market in 2023, with a fleet of funds debuting in January 2024. BlackRock's IBIT spot bitcoin ETF has since become one of the fastest growing ETFs of all-time helping to push the bitcoin price record highs and riding a bullish wave on the back of Donald Trump's election as U.S. president in November after Trump declared himself the first 'crypto president.' The fund now holds almost 3% of the 21 million bitcoin that will ever exist, worth $62 billion at the current bitcoin price, which some have warned could be giving BlackRock outsized control over the network. '[BlackRock is] going to highlight any potential thing that can go wrong with any product they list or underlying asset thats being invested in,' James Seyffart, ETF analyst with Bloomberg Intelligence, posted to X, adding such a warning is 'completely standard.' However, the quantum computing risk to bitcoin and other cryptocurrencies has exploded recently, with tech giants including Google's Alphabet making strides in quantum computing research. 'At this point, no blockchain is ready to withstand a quantum attack when this becomes possible, which could very well be much earlier than 2030,' David Carvalho, the chief executive of decentralized post-quantum infrastructure blockchain Naoris Protocol, said in emailed comments. 'Finance giants know the risk is there—BlackRock flagged the risk of quantum computing to bitcoin just this week. So why is the blockchain sector sleepwalking into a disaster?' Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious The bitcoin price has recently topped $100,000 per bitcoin again but a BlackRock warning has sparked ... More fears bitcoin could be "sleepwalking into disaster." It has long been feared that if a company or government is able to create a fully-fledged quantum computer, it could be used to bypass the encryption that secures the blockchain technology that underpins cryptocurrencies like bitcoin, potentially rending the network vulnerable to a devastating hack. Such vulnerabilities could be patched with software updates. In February, Paolo Ardoino, the chief executive of USDT stablecoin issuer Tether, predicted that quantum computing would eventually enable hackers to break into inactive bitcoin wallets and steal dormant coins—including that linked to mysterious, anonymous bitcoin creator Satoshi Nakamoto. 'Any bitcoin in lost wallets, including Satoshi (if not alive), will be hacked and put back in circulation,' Ardoino posted to X at the time, calling for development of "quantum-resistant addresses" and adding that "quantum computing is still very far from any meaningful risk of breaking bitcoin cryptography.'
