● Michael Saylor: Bitcoin will enter a high-growth phase in 2024, and will be widely adopted by large technology industries and banks
According to the Daily Planet, MicroStrategy co-founder Michael Saylor recently looked forward to the future development trajectory of BTC at the 2023 Australian Cryptocurrency Conference. He predicted that the BTC halving event in 2024 will make it a "mainstream asset in adolescence." In 2024-2028, Saylor expects BTC to enter a high-growth phase, and the world's large technology industry and large banks will widely adopt BTC and integrate it into their respective products and services.
He also pointed out that major financial institutions such as JPMorgan Chase, Morgan Stanley, Goldman Sachs, Bank of America, and Deutsche Bank may be involved in activities such as issuing loans, providing mortgages, customizing, and buying and selling Bitcoin. From a long-term perspective, Saylor predicts that BTC will dominate among all high-quality assets, with the potential to exceed the growth of the S&P 500 and diversified portfolios.
● Experts predict that the market value of RWA will reach 16 trillion US dollars by 2030
According to Planet Daily, Fundstrat analyst Tom Couture said that interest rates have risen significantly in the past year, and previously the yield on decentralized finance was much higher than that of US bonds. He believes that the interest rate on US Treasury bonds is 5% risk-free, so demand has risen. The total value of RWA is currently $118.6 billion, but experts say that this figure is expected to explode. The Boston Consulting Group has given a "highly conservative" forecast that by 2030, the market value of RWA will reach $16 trillion, while the more optimistic forecast is $68 trillion.
● The number of Bitcoin millionaires exceeds 88,000, an increase of 215% from the beginning of the year
According to Finbold, BitInfoCharts data shows that as of November 12, the number of Bitcoin millionaires was 88,628, an increase of 215% compared to January 5 (28,084). Specifically, the number of addresses holding at least $1 million in Bitcoin was 81,962, while the number of addresses holding at least $10 million in Bitcoin was 6,666.
● Ethereum transaction fees have climbed 219% in the past three weeks
According to the Daily Planet, Bitcoin transaction costs have risen sharply in the past three weeks, reaching a peak of $15 per transaction three days ago. Similarly, Ethereum transfer costs have also risen sharply. From October 22 to November 12, 2023, the average fee for Ethereum transactions soared 219%, from $2.08 to $6.64 per transaction. On November 12, the cost of transferring assets on different chains through bridging was estimated to be $8.93 to $9.17. From October 22, 2023 to November 11, 2023, Ethereum processed an average of approximately 1,071,448 transactions per day. Etherscan data shows that the regular value of Ethereum Gas is temporarily reported at 27 gwei, and the cost of a Swap is about $19.74.
● Bitcoin mining difficulty increased by 3.55% to 64.68 T, a record high
According to Foresight News, BTC.com data shows that the difficulty of Bitcoin mining was adjusted at block height 816480, and the mining difficulty increased by 3.55% to 64.68 T, a record high. The current average computing power of the entire network is 458.13 EH/s.
● Report: India leads global cryptocurrency adoption index
According to CoinGabbar, according to the 2023 Global Cryptocurrency Adoption Index report recently released by blockchain analysis platform Chainalysis, India topped the list in terms of cryptocurrency adoption. The index appears in Chainalysis' annual "Crypto Geography" report, which specifically assesses the adoption of cryptocurrencies by the general population, rather than just focusing on transaction volume. India's ranking in the index exceeds that of other countries with high levels of cryptocurrency trading and mining activities.
According to the Chainalysis report, India received about $250 billion worth of cryptocurrencies in the past year, second only to the United States, which received about $1 trillion worth of cryptocurrencies in the same period. India ranks first in the comprehensive index ranking, centralized service value ranking, retail centralized service value ranking, and DeFi value ranking, but ranks fifth in the P2P exchange trading volume ranking. Following India are Nigeria, Vietnam, the United States, Ukraine, the Philippines, and Indonesia.
● He Yi: Someone pretends to be a Binance listing manager, beware of scams
Binance co-founder He Yiyu X (formerly Twitter) said that someone was pretending to be a Binance coin listing manager, "Beware of scams, DYOR (Do your own research, do your own research before investing)."
