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Federal Reserve Chair Jerome Powell has shared his thoughts on Bitcoin, calling it “just like gold, except it’s digital.” He added, “Bitcoin is used as a speculative asset; it’s a competitor with gold, not the U.S. dollar.” Powell’s comment highlights Bitcoin’s role as a store of value, similar to gold, rather than a replacement for the U.S. dollar. Many investors already see Bitcoin as "digital gold," a way to protect wealth and hedge against inflation. While some believe Bitcoin is too risky to compare to gold, Powell’s statement shows that it’s being taken more seriously as a financial asset. Bitcoin’s reputation as a digital alternative to gold keeps growing. This might be a bullish news for $BTC
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COINBASE JUST RUGGED AN ETH DEV OVER A 25K USDC MOVE Eric Connor tried to send $25K USDC using a VPN, and Coinbase straight-up locked his account without any warnings. He called their security protocols “lazy” and said the recovery process was trash. Coinbase said everything they do is merely for the security of account holders. Some devs now suspect they’re blocking withdrawals to keep their bags stacked. Source: Mario Nawfal
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BTC HEADING FOR $100K? LET’S TALK ETF INFLOWS! Alright, listen up—Bitcoin’s making moves toward $100K, but it’s gonna need fresh demand to soak up all that long-term holder sell-off. Bitfinex says the market’s at a tipping point with 3.28M BTC about to hit, but hold up—ETF inflows are ready to save the day. With $676M flooding in, this could easily send BTC to $100K within days. Source: TheBlock
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MEMECOIN SUPERCYCLE: IS IT ALREADY DONE? So, the memecoin madness might be cooling down, huh? While coins like PEPE and WIF were making people rich, now traders are stacking on “dino coins” like XRP and TRX, hitting insane highs. Some analysts think if global liquidity stays high, we might see another spike, but meme fatigue is real. Plus, PumpFun’s one-click memecoin creation could mess with the market. Memes are risky, but they’re still fun. Guess we’ll see if they’ve really peaked or not. Source: Cointelegraph
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