Crypto News
Tiger21 Founder Michael Sonnenfeldt Says Ultra-Rich are Bullish on BTC
Bitcoin (BTC) has become a store of value and an instability hedge for the world's wealthiest investors, Michael Sonnenfeld, the founder of Tiger21, said during an interview on CNBC.The members of Tiger21, a network of high-net-worth investors and executives, collectively have a net worth of $200 billion. The members have allocated around 1%-3% of their wealth into crypto, Sonnenfeld said, which amounts to around $6 billion."The areas of digital currencies remain really exciting. We have some members who are all in: it's become a gold substitute," Sonnenfeld said on CNBC. "Gold is for traditionalists, bitcoin a bit new age, but they often play the same role. They are perceived as storehouses of value."BTC is up over 125% during the last...
Bitcoin Edges Up Toward $98K as Eric Trump Promotes BTC Investment
Bitcoin (BTC) rose above $98,000 during Thursday's Asian trading hours after Eric Trump, son of U.S. President Donald Trump, encouraged BTC investment on X. " feels like a great time to enter BTC," Eric Trump posted on X at 1:41 UTC, following which, BTC prices rose from $96,900 to $97,830. The micro CME futures topped the $98,000 mark, according to data source TradingView. Early this week, Trump's AI and crypto czar David Sacks said the Trump administration is evaluating the feasibility of a strategic bitcoin reserve, disappointing crypto investors anticipating a swift action on the issue.Source link
Russia Enforces Crypto Mining Oversight—Miners Must Report Earnings
Russia now requires crypto miners to report earnings by the 20th of the following month, tightening oversight and restricting mining to approved entities while barring financial crime offenders. Russia Demands Crypto Miners Report Earnings—New Law Reshapes Industry Russia’s Federal Tax Service (FNS) revealed on Feb. 3 that taxpayers involved in digital currency mining now haveSource link
Standard Chartered Shares 5-Year Bitcoin Forecast, Sees BTC at $500K by 2028
Bitcoin could soar to $500,000 by 2028 as institutional inflows rise, volatility declines, and regulatory shifts under Trump expand investor access, according to Standard Chartered’s outlook. Trump, ETFs, and Institutional Inflows—Will Bitcoin Hit $500K by 2028? Standard Chartered’s head of digital assets research, Geoffrey Kendrick, predicts bitcoin could reach $500,000 by the end of 2028.Source link
US Sovereign Wealth Fund Could Stockpile Bitcoin, Trump’s Crypto Czar Says
Trump’s Crypto Czar David Sacks sees potential for bitcoin in the U.S. sovereign wealth fund as officials explore its role as a strategic reserve asset. Crypto Czar David Sacks on Bitcoin’s Potential Role in the US Sovereign Wealth Fund Crypto Czar David Sacks has weighed in on the potential role of bitcoin in the newlySource link