Sebastian Serrano, CEO of Ripio, one of the largest Argentina-based cryptocurrency exchanges, has predicted that Bitcoin will reach $1 million by 2030. Serrano believes that the current geopolitical and economic circumstances will help bitcoin to keep its upward trajectory. While this prediction entails a price increase of over 1,300% in the next 6 years, Serrano believes a particular scenario might create the conditions for this possible future to unfold. Ripio’s CEO predicts that the U.S. will keep increasing its public debt whether Harris or Trump wins the upcoming elections, as the victor will be forced to maintain the current level of spending. Nonetheless, he also acknowledges that bitcoin prices will face a correction if Harris clenches the victory, at least in 2024.
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Stablecoin issuer Tether has announced that its United Arab Emirates dirham-pegged stablecoin will be launched on The Open Network (TON) blockchain. At the TON Gateway event held in Dubai, Alessandro Giori, Tether’s senior strategic partnership manager, announced that its dirham stablecoins, announced earlier this year, will be launched on the TON blockchain.
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Key Points: Metaplanet surpassed 1,000 Bitcoin holdings after purchasing 156.78 BTC for approximately $10.4 million on October 28. Although Metaplanet Bitcoin investment is still far behind MicroStrategy’s 252,000 BTC, the company is emerging as a notable player in adopting the enterprise Bitcoin. Metaplanet, a company popularly regarded as the “Asian MicroStrategy,” just broke the 1,000 Bitcoin accumulation barrier with the most recent buy on October 28.
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