Bitcoin News Alerts | Daily BTC Macro Signal

$4.2 trillion asset management firm Fidelity Investments is reportedly working toward offering Bitcoin (BTC) and crypto trading services to its 34.4 million retail investor base, according to Galaxy Digital CEO Mike Novogratz and people familiar with the matter.

While Fidelity hasn't officially confirmed plans to incorporate crypto onto its retail platform, Novogratz told a conference audience in New York on Tuesday, that the move may be just around the corner:

"A bird told me that Fidelity, a little bird in my ear, is going to shift their retail customers into crypto soon enough."

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With the Ethereum Merge release scheduled for Sept. 13th, reaching $1,000,000 per Bitcoin by 2030 is still inevitable, and a pretty popular projection.

Crypto trading platform BitMEX's ex-CEO Arthur Hays made precisely that prediction four months ago. Famous cryptocurrency investor Cathie Wood set the same target in April 2022.

Serial entrepreneur Anthony Pompliano took the stage at the same BTC 2022 event to say that Bitcoin could reach $500,000 or $1,000,000 in the near future -- but anything beyond that would require a social collapse and total meltdown of the US dollar.

In early June, MicroStrategy (NASDAQ: MSTR) chairman Michael Saylor doubled down on his bullish price predictions in a CNBC interview: "It's not going to zero. If it's not going to zero, it's going to a million because it's obviously better than gold at everything that gold wants to be."

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Bitcoin is set to explode in price after the next halving in 2024 with many crypto experts projecting a minimum price target of $100,000 and according to cryptocurrency exchange Changelly, BTC might peak at around $937,000 in 2030, with an average trading price of $798,000 per coin.

"We must think about the long-term implications of Bitcoin and Proof-of-Work cryptocurrencies. Once mined, this will be the next main store of value as gold once was. The halving is set to occur in 2024, and this will, by definition, increase the USD price of Bitcoin by quite a bit. For this reason, I believe this is the time to buy. Once the halving happens, BTC will be worth at least $100,000."

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By carrying out a rudimentary extrapolation of Bitcoin price movements of the previous four year halving cycles, the king crypto (BTC) is on a run rate to hit $2.11 million by January 2030.

Using the extrapolation from January 2017 to an extrapolated May 2024 projected price of $108,000 and incorporating a 1-year price increase of 413% between May 2024 and May 2025, BTC could hit $446,000.

Incorporating the estimated 413% increase between May 2028 and May 2029, BTC would be on target to hit $2.08 million by May 2029, giving BTC a January 2030 value of $2.11 million.

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The founder and CEO of crypto asset fund Pantera Capital, Dan Morehead, is expressing bullish sentiment on Bitcoin, predicting a 15x rally over the next 5 years, suggesting a $300,000 BTC price action.

Asked to reveal his end-of-year and five-year price target for Bitcoin, the Pantera Capital CEO says that the flagship crypto asset is likely to maintain the average annual growth rate of 150% "for a while."

"Bitcoin as a proxy for the industry has averaged 2.5x a year for eleven years. So that's always kind of my standard forecast is that it will probably keep going at that same growth rate for a while."

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Bloomberg crypto analyst Mike McGlone has labeled Bitcoin (BTC) a "wild card" which is "ripe" to outperform once traditional stocks finally bottom out.

"Bitcoin is a wild card that's more ripe to outperform when stocks bottom, but transitioning to be more like gold and bonds."

Meanwhile, separate observations from monitoring resource Whalemap focused on a potential sale of 5,000 BTC, which had previously stayed dormant since Christmas 2013.

"Someone cashed out 5000BTC yesterday making a whopping a $95,000,000 profit.

Original price of acquisition was $698 for him which is a 2800% increase from current price."

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The largest bank in Singapore is backing Bitcoin, crypto and blockchain tech despite the regulatory uncertainty and market downturn.

According to a new report from the Financial Times, DBS CEO Piyush Gupta says the recent cryptocurrency slump shows the need for regulated financial institutions to offer digital asset products.

DBS first rolled out its crypto exchange for institutional and accredited investors in late 2020, offering trading services for Bitcoin (BTC), Ethereum (ETH), XRP and Bitcoin Cash (BCH). Earlier this year, Gupta announced plans to further expand its crypto offerings.

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Crypto veteran and Bitcoin OG Bobby Lee says he remains bullish on Bitcoin (BTC), Ethereum (ETH) and the wider cryptocurrency market despite the recent downturn.

In an interview with Bloomberg, Lee says that if the predictions for a severe crypto winter fail to materialize, Bitcoin and Ethereum will easily go back to their all-time highs recorded in November of 2021.

The crypto veteran says that the upgrade that will see Ethereum transition from a proof-of-work (PoW) consensus mechanism to proof of stake (PoS) will serve as the catalyst that will see the two crypto assets rally back to their record highs.

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HEX founder Richard Heart predicted exclusively to Watcher Guru in May 2022 that Bitcoin will crash to $11,000. At the time of his prediction, BTC was trading at $29,915, and four months later now, it is at $19,000.

Watcher Guru reached out to the crypto tycoon again if he still believes that BTC is headed towards $11,000. Heart doubled down on his predictions claiming that Bitcoin will crash to $11K dipping 85% from its all-time high of $69,044, which it reached in November 2021.

"Bitcoin will continue to fall down to $11,000 as long as the grayscale discount to NAV exists. It's the normal 85% price dip Bitcoin does. Mt GOX coins being released is more potential sell pressure," he said to Watcher Guru.

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Ethereum (ETH) creator Vitalik Buterin has an idea for what the state of Bitcoin (BTC) will look like twenty years from now.

In a new interview with economist Noah Smith, Buterin says that in the medium term, he thinks crypto assets including Bitcoin and Ethereum will become about as volatile as gold or the stock market, moving away from the big bubble and crash phases of the past.

The cryptocurrency visionary also says that even though crypto could satisfy a few key narratives in the next two decades, mainstream adoption is going to be the biggest factor in determining the fate of digital assets.

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