Bitcoin to Reach $87K in 2024 and $383K by 2030, Finder Survey Predicts

Bitcoin (BTC) is poised for substantial price increases in the coming years, according to a recent survey by Finder. The survey, conducted in July 2024, gathered insights from 32 crypto industry specialists, predicting that bitcoin could reach $87,169 by the end of 2024 and surge to $383,514 by 2030.
Crypto Specialists Predict Bullish Long-Term Outlook for Bitcoin
In the latest Finder report, the panel of experts shared diverse opinions on BTC’s price trajectory for 2024. While some, like Unocoin Technologies CEO Dr. Sathvik Vishwanath and 8081 Inc’s Ronen Cojocaru, forecasted BTC hitting $120,000 by year’s end, others were more conservative. John Hawkins, a senior lecturer at the University of Canberra, anticipated a drop to $20,000, citing bitcoin’s speculative nature and competition from central bank digital currencies (CBDCs).
Looking further ahead, the panel expects BTC’s value to rise significantly. By 2025, the average prediction is $127,494, with the most optimistic forecast at $200,000. This bullish outlook is driven by factors such as increased institutional adoption, the Bitcoin halving event, and the launch of Bitcoin ETFs. Despite recent volatility, many panelists believe BTC’s fundamentals support long-term growth, viewing it as a digital store of value akin to gold.
Dimitrios Salampasis, a senior lecturer at Swinburne University of Technology, offered a more conservative end-of-year forecast, projecting bitcoin at $62,000. However, Salampasis maintains that bitcoin is still demonstrating strong performance overall.
“Bitcoin seems to be performing well as a store of value,” Salampasis said. “Moreover, the developments around the Bitcoin ETF seem to have some sort of an effect on the overall price of bitcoin. Moreover, there are expectations of further adoption based on technological advancements in the Bitcoin Lightning Network that could boost scalability potentialities.”
Opinions on the best investment strategy for bitcoin also varied. A majority of the panel, 55%, recommended buying BTC at its current price, citing its potential for significant appreciation. Another 32% advised simply holding onto BTC, while only 13% suggested selling. Experts like Nicole DeCicco of Cryptoconsultz and Kimberly Rosales of Chainmyne highlighted institutional interest and the Fear and Greed Index entering “fear” territory as indicators of a buying opportunity.
Despite the optimistic outlook, there are concerns about bitcoin’s ability to dethrone the U.S. dollar as the global reserve currency. Only 16% of the panelists believe BTC could replace the US dollar, with a vast majority deeming it unlikely. Additionally, there is skepticism about BTC establishing a new baseline around $60,000, with only 19% of experts supporting this notion. The majority foresee further price fluctuations before a new floor is established.
What do you think about the latest Finder’s bitcoin forecast report? Share your thoughts and opinions about this subject in the comments section below. #Write2Earn

US Department of State Highlights Bitcoin's Significance for Tourism in El Salvador

The U.S. Department of State has highlighted the relevance of recognizing bitcoin as a legal tender for the rebirth of tourism in El Salvador. In a recently released investment climate report, the department states that this factor has given significant publicity to El Salvador, contributing to its popularity as a tourist destination.
U.S. Department of State Acknowledges Bitcoin Influence on El Salvador’s Tourism Boom
The U.S. Department of State has acknowledged the positive influence of El Salvador’s bitcoin adoption on the tourism boom the country is experiencing. In its 2024 Investment Climate Statements report dealing with El Salvador, the department recognized that adopting bitcoin as legal tender in 2021 has helped the country garner international attention.
As part of the report, the department stated that bitcoin has “brought significant publicity to El Salvador and has contributed to El Salvador’s increasing popularity as a tourist destination,” but apart from this, it has had “minimal impact” on El Salvador’s economy. The department stresses that El Salvador has become the fourth fastest growing destination in tourism, with its visitant numbers rising 35% from 2019 to 2023.
However, this is not only due to bitcoin. El Salvador has invested in this rebrand by hosting events like the Miss Universe pageant contest, the Central American games, and several high-profile surfing contests in 2023. According to the report, over 3.4 million visitors reached El Salvador in 2023, contributing $2.8 billion to the local economy.
The national government linked bitcoin adoption with the tourism recovery as early as February 2022. At that time, Morena Valdez, head of the Ministry of Tourism, stated that bitcoin had increased industry activity by 30%.
In August 2022, President Bukele referred to the recovery stressing that El Salvador was one of a handful of countries that had managed to recover their tourism to pre-pandemic levels. “That’s international tourism, so the reasons behind it are mostly bitcoin and surf,” he assessed.
Nonetheless, Bukele also linked this growth to the personal security improvements in the country, due to the crackdown that the government has exerted on gangs.
What do you think about the U.S. Department of State report on the influence of bitcoin over El Salvador’s tourism industry? Tell us in the comments section below. #Write2Earn

Bitcoin Peaks at $67,991 Ahead of Trump’s Bitcoin Conference Appearance

Before former President Donald Trump’s appearance at the Bitcoin 2024 conference in Nashville, the price of bitcoin (BTC) climbed to an intraday peak of $67,991 per unit. This increase led to the liquidation of approximately $55.21 million in bitcoin short positions, out of a total of $79.10 million in short bets across the crypto economy that were cleared during the day.
The Trump Trade—Bitcoin Nears $68,000, Faces Selling Pressure
The crypto market has climbed approximately 5.5% over the past day, reaching a valuation of $2.41 trillion. Bitcoin (BTC) gained around 5%, while ethereum (ETH) increased by 3% on Friday morning EDT. Bitcoin rose from Thursday’s low of $63,424 per coin to an intraday high of $67,991 per unit on July 26. However, surpassing the $68,000 mark proved too difficult for BTC bulls.
At 10:55 a.m. EDT on Friday, BTC is holding above the $67,000 level, but still experiencing selling pressure. The climb to nearly $68K resulted in the liquidation of many short positions betting against BTC’s price. About $55.21 million in BTC shorts were liquidated out of the $158.39 million in positions cleared during the day. Approximately $79.29 million were long positions, and the remaining $79.10 million were short positions.
Derivatives markets saw 47,299 traders wiped out, with the largest liquidation stemming from an ETH/BTC trade on Binance worth $5.19 million. On Saturday, July 27, former U.S. President Donald Trump is scheduled to speak at the Bitcoin 2024 conference in Nashville. Many view Trump’s favorable stance toward crypto as a bullish signal for BTC, and analysts from financial giant Standard Chartered suggest BTC could reach $150,000 per coin if Trump is elected.
What do you think about bitcoin’s price spike on Friday? Share your thoughts and opinions about this subject in the comments section below. #Write2Earn

Russia-Linked Banknotes Blamed for Libyan Dinar Plunge

The Libyan dinar’s recent devaluation has been blamed on a flood of illicit banknotes exchanged for U.S. dollars. A report identified the Russian state money printer as a potential source of the banknotes, which the Central Bank of Libya has labelled counterfeit.
Russia Linked to Illicit Libyan Banknotes
A June 24 Reuters report said the deluge of illicit Libyan banknotes exchanged for real U.S. dollars caused the local currency—the dinar’s devaluation. The banknotes, branded counterfeit by the Central Bank of Libya (CBL), were reportedly printed in Russia. After their importation into the war-torn country, the banknotes are transferred to eastern Libya. In the past, banknotes imported from Russia have been used to fund infrastructure projects.
According to the report, citing CBL and diplomatic sources, the banknotes are believed to have financed Russian mercenary activity in the region and the Sahel. The Russian state money printer Goznak is named as a possible source of the illicit currency. In addition to the CBL and diplomatic sources, The Sentry, an international investigative group, similarly detected the counterfeit banknotes.
Neither the CBL nor the Libyan National Army, which controls eastern Libya, has commented on the allegations, the report said.
Libya descended into chaos after the 2011 ouster of longtime ruler Moammar Gadhafi. The so-called National Transitional Council, a loose coalition of rebel groups, filled the power vacuum but ultimately failed, leading to the proliferation of armed militias. The Islamic State later gained a foothold, prompting outside intervention.
A government of national unity formed in 2020 has failed to end hostilities or unify the country’s east and west.
Meanwhile, the Reuters report revealed that Russia, through Goznak, supplied billions of dinars to the eastern Libya government and its allied commander, Khalifa Haftar, before the formation of the unity government. The practice reportedly stopped after a ceasefire deal.
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Russia Legalizes International Payments in Bitcoin
Bitcoin is on the verge of conquering the US Congress, but also Russia. The Duma is counting on bitcoin to circumvent sanctions.
Bitcoin, Da
The Russian Parliament has passed a law in the first reading to legalize international payments in bitcoin. 404 votes in favor and zero votes against. The final vote will take place on July 30 for implementation by September 1, 2024.
This new legislation is highly anticipated as it will help the country to dispense with the SWIFT network, which dominates most international transactions. Moscow has been disconnected from it for two years now.
“This is a need for businesses, especially those affected by sanctions, that is, those operating internationally. It is not always possible to solve payment problems through standard methods”, said the director of the federal financial monitoring agency Yuri Chekhanchin.
The downside of this law is that bitcoin payments will not be allowed domestically. Unfortunately, the Russian central bank holds firm on this, as it seeks to popularize its CBDC.
But what exactly is the central bank afraid of? Bitcoin payments can only be marginal given the high conversion and transaction fees. Bitcoin is not competitive compared to Visa, the Russian equivalent Mir, or its CBDC.
Another heavily criticized aspect of the law is the ban on advertising for cryptocurrencies. This would be going against the tide of history. According to a survey conducted by the Russian Public Opinion Research Center, 20% of Russians claim to be knowledgeable about cryptocurrencies.
The Mining Industry Regulated
The bill sets clear rules for bitcoin miners. They will have to register with the state and declare their electricity consumption, hence the recent warnings from the Russian president.
Average citizens will still be able to mine without registering if they comply with the energy consumption limits set by law. The government, in agreement with the Bank of Russia, will set these standards.
According to Nikita Chaplin, a member of the budget and tax committee, this regulation will make it more difficult to use bitcoin for illegal transactions. The Ministry of Digital Development will monitor the addresses miners use to receive their bitcoin earnings from the pools.
On that note, the deputy revealed that Russian miners generated 54,000 BTC in 2023. This figure suggests that at least 16% of the global hashrate is located in Russia.
Additionally, miners will have to sell their bitcoins only on accredited platforms. The aim is to prevent unauthorized capital transfers abroad via bitcoin.
Thus, despite a few trivial safeguards, bitcoin holds its own. Russia will not let the United States “mine all the remaining bitcoins”, to quote Donald Trump.
As the issue of the international monetary system is at the heart of geopolitical tensions, bitcoin increasingly appears as an exit solution.
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Justin Sun, the founder of the Tron cryptocurrency ecosystem, mocked the current U.S. Vice President and favorite to be designated as the Democratic candidate for the U.S. presidency, Kamala Harris. He joked about a possible slogan for her upcoming campaign. Sun mixed the well-known “Make America Great Again” (MAGA) slogan, coined by former President Donald Trump, to create a similar one. In a recent post, Sun suggested, “Kamala’s campaign slogan could be ‘Make America Laugh Again,’ abbreviated as MALA.” It’s worth noting that “mala” also means “bad” in Spanish. Previously, Sun had emphasized that “presidents come and go every four years, but crypto is here forevermore. #Write2Earn

Crypto Industry ‘Will Show No Mercy’ in November Says Winklevoss After Harris Snubs Bitcoin Event 

Following the announcement that U.S. Vice President Kamala Harris won’t attend the Bitcoin 2024 conference in Nashville, Gemini co-founder Tyler Winklevoss said the crypto industry will “show no mercy in November.”
Gemini’s Winklevoss Criticizes Harris Over Bitcoin 2024 Conference Decision
Gemini co-founder Tyler Winklevoss reacted to the news of Kamala Harris’s decision not to participate in the Bitcoin 2024 conference in Nashville. David Bailey, CEO of Bitcoin Magazine and the event organizer, revealed that a major Democratic donor informed him Harris privately said, “Bitcoin is money for criminals.” Winklevoss took to X to criticize Harris’s choice to skip the event.
“The Biden-Harris Administration wages all-out war on the crypto industry for 4 years. Despite all of this, Kamala is still invited to the [Bitcoin 2024 conference] in Nashville and given a chance to speak to our industry and reset the relationship. What does she do? She declines,” Winklevoss wrote.
The Gemini co-founder added:
She can’t even take the first step and show up to start mending fences. Our industry won’t forget this. We will show no mercy in November.
Winklevoss’s statement follows his and his brother Cameron’s donation of $1 million in bitcoin (BTC) each to former President Donald Trump. At the time, Winklevoss said the Biden administration “weaponized multiple government agencies to bully, harass, and sue the good actors in our industry in an effort to destroy it.”
Ever since Trump embraced a pro-crypto stance, numerous crypto enthusiasts have rallied behind his campaign. Kraken founder Jesse Powell also contributed $1 million to Trump. After his substantial campaign donation, Winklevoss insisted at the time that Trump “is the pro-Bitcoin, pro-crypto, and pro-business choice. This is not even remotely open for debate. Anyone who tells you otherwise is severely misinformed, delusional, or not telling the truth. It’s time to take our country back.”
What do you think about Winklevoss’ statement about the crypto industry showing “no mercy” in November? Share your thoughts and opinions about this subject in the comments section below. #Write2Earn

Whale With Ethereum Foundation Link Transfers 92,500 ETH Worth $288M 

According to onchain data, a significant whale holding over 92,500 ether moved the funds to an unidentified wallet. Arkham Intelligence data suggests the funds may have been linked to the Ethereum Foundation, though this is not confirmed. Originally, the funds were transferred to a mysterious wallet on Sept. 1, 2015.
Significant Ether Transfer Worth $288M Tracked by Blockchain Parsers
On July 25, 2024, blockchain trackers including Whale Alert detected a transfer of 92,500 ETH, valued at $288 million at the time of writing. Although the transaction is substantial, Arkham Intelligence’s onchain data and heuristics indicate that the funds may be connected to the Ethereum Foundation. The funds moved on Thursday, stemmed from a wallet that is flagged as possibly an Ethereum Foundation wallet (0xe93232a) with a question mark next to it, as identified by Arkham.
When the wallet initially received the funds on Sept. 1, 2015, it was nearly nine years ago. The money originally came from an official Ethereum Foundation wallet, “0x5eD8Cee,” which now holds 134.454 ETH. The new address is suspected to be connected to the foundation due to this specific 2015 transaction when 96,474.15 ETH was transferred.
Currently, the funds are idle in the wallet “0xe481a22.” This transfer occurred during a period of declining ETH prices, with ETH down 7.9% today and an 8.5% drop over the past 30 days. This also coincides with the launch of spot ether exchange-traded funds (ETFs), and Grayscale’s outflows from ETHE have added market pressure. While it’s uncertain if the 92,500 ETH, valued at $288 million, came from the foundation, it appears the funds have not been sold or moved to an exchange.
What do you think about the massive transfer of ether on Thursday? Share your thoughts and opinions about this subject in the comments section below. #Write2Earn

Massive Sleeping Bitcoin Wallet From 2013 Moves 750 BTC After 11 Years, Valued at $48M

With bitcoin prices declining by 3.7% in the past 24 hours, a dormant bitcoin wallet, created on May 20, 2013, or just over 11 years ago, moved 750 BTC, valued at roughly $48 million at current exchange rates.
Vintage Bitcoin Wallet From 2013 Transfers 750 BTC Amid Market Dip
On Thursday, a wallet that began accumulating bitcoin (BTC) on May 20, 2013, and continued until June 2013, transferred 750 BTC for the first time in 11 years. This amount is worth $48 million based on BTC exchange rates from July 25, 2024, when BTC was trading below $64,000. At 10:10 a.m. EDT, BTC hit an intraday low of $63,424 per unit.
The funds were divided into three different wallets: one holding 748 BTC, and two others each containing 1 BTC. The 748 BTC was transferred from the original legacy address, known as a Pay-to-Public-Key-Hash (P2PKH) wallet, to a Bech32 address, known as a Pay-to-Witness-Public-Key-Hash (P2WPKH) wallet.
Similarly, the single bitcoins were sent to Bech32 wallets as well. When the owner originally acquired these coins, BTC was valued between $122 and $104 per coin. Thus, the stash was worth about $91,500 when it was obtained in 2013.
The funds remained unmoved during the 2013, 2017, and 2021 BTC bull runs. By holding onto the bitcoin untouched for all these years, the owner has experienced a 52,407% gain against the U.S. dollar over the past 11 years. The 750 BTC transfer on Thursday at block height 853,870 was first discovered by btcparser.com.
What do you think about the 750 bitcoin moved on Thursday? Share your thoughts and opinions about this subject in the comments section below. #Write2Earn

Egyptian Fintech Unicorn Secures $157.5 Million In Latest Funding Round

The Egyptian fintech giant MNT Halan has raised $157.5 million to fund its regional expansion. Mounir Nakhla stated that MNT Halan’s planned international expansion will happen through mergers, acquisitions, and partnerships.
MNT Halan Targets Pakistan
The Egyptian fintech giant, MNT Halan, has raised $157.5 million in its latest funding round. The International Finance Corporation (IFC) contributed $40 million, while the remaining investment came from Development Partners International (DPI), Lorax Capital Partners, and funds managed by Apis Partners LLP, Lunate, and GB Corp.
According to a report, this recent funding positions the fintech giant for regional expansion. MNT Halan plans to make Pakistan, where it holds a license, one of its first destinations outside Egypt. As previously reported by Bitcoin.com News, MNT Halan achieved unicorn status in Africa after raising $400 million in January 2023.
Before that, MNT Halan secured $120 million in a round led by Apis Growth Fund II, Development Partners International (DPI), and Lorax Capital Partners. Following these two funding rounds, MNT Halan’s valuation surpassed $1 billion, making it the only Egyptian fintech company with that distinction.
Leveraging Partners’ Knowledge and Licenses
The founder and CEO of the Egyptian fintech giant, Mounir Nakhla, stated that MNT Halan’s planned international expansion will occur through mergers, acquisitions, and partnerships.
“While Egypt remains our primary market, we are committed to revolutionising access to financial services through technology beyond Egypt’s borders. Our M&A strategy capitalises on our technology and industry expertise while leveraging our partners’ local knowledge, management capabilities, and licenses,” Nakhla said.
The CEO also praised the IFC for its support, as well as other shareholders for their ongoing confidence in the fintech firm.
What are your thoughts about MNT Halan’s latest funding round? Share your opinion in the comments section below. #Write2Earn

Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments

The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof of concept (POC) demonstrated the effectiveness of utilizing digital credentials for international trade and cross-border payments.
The Viability of the E-cedi in Cross-Border Transactions
Giesecke+Devrient (G+D), the Ghanaian central bank’s technology partner, has said that the recently completed proof of concept (POC) demonstrated that a long chain of intermediaries and associated costs in cross-border payments are not necessary. G+D further claimed experiment showed that the e-cedi is not only useful for domestic payments but also has the potential to transform cross-border payments.
As previously reported by Bitcoin.com News, the Bank of Ghana (BoG) announced the successful completion of the first POC within the Project Digital Economy Semi-Fungible Token (DESFT) using its central bank digital currency (CBDC), known as the e-cedi. The experiment demonstrated the viability of the e-cedi in cross-border transactions between Ghana and Singapore.
This success underscores the efficacy of using digital credentials for international trade and cross-border payments. The Ghanaian central bank and its Singapore counterpart completed the first cross-border transaction in April.
E-Cedi’s Potential in the Global Token Economy
Before that, the project focused on designing and developing a trusted credential system. At the time, BOG Deputy Governor Maxwell Opoku-Afari hailed this milestone, emphasizing the central bank’s support for small and medium-sized enterprises (SMEs).
Remarking on the success of the POC, Wolfram Seidemann, CEO of G+D Currency Technology, said:
The CBDC pilot in Ghana showed that an eCedi will enhance the Ghanaian domestic payment system. In addition, we now also could prove the digital currency´s potential in the global token economy. This proof of concept demonstrated how combined multiple challenges of international trade could be solved: programmable payments, foreign currency exchange and interoperability with cross-border payment and credentials platforms.
According to the statement, the experiment was a collaborative effort involving Fidelity Bank, a Ghanaian commercial bank that provided banking and exchange services for the CBDC. In addition to demonstrating the utility of the e-cedi, the experiment also highlighted the CBDC’s importance in digitizing international trade for small to medium enterprises.
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Hong Kong Launches Its First Inverse Bitcoin ETF Product

CSOP Asset Management, a regulated asset management company, has become the first to launch an inverse Bitcoin ETF in Hong Kong’s markets. This allows traders and investors to speculate on the decline of the cryptocurrency’s value. The product complements other ETF products already available, further establishing the city as an international crypto market.
CSOP Asset Management Pioneers Inverse Bitcoin ETF in Hong Kong
Many cryptocurrency products are appearing in Hong Kong, a city pushing to become an international cryptocurrency hub. CSOP Asset Management, part of a Hong Kong established joint venture between China Southern Asset Management, one of the largest companies of its kind in the mainland, and Oriental Patron, recently announced the launch of the first inverse bitcoin exchange-traded fund (ETF) in that market.
An inverse ETF allows investors to capitalize on the negative performance of any asset, in this case, bitcoin. CSOP’s product is called the CSOP Bitcoin Futures Daily (-1x) and started trading this Tuesday on Hong Kong markets. While most analysts have predicted that bitcoin will have a bullish future after the failed assassination attempt of former U.S. President Donald Trump and U.S. President Joe Biden dropping the reelection bid, bitcoin price will probably fall in some periods.
Even with this forecast, CSOP Asset Management CEO Ding Chen expects these products to garner inflows from $50 to $100 million in the next two years. Nonetheless, Chan warned that investors need to control the risk associated with a position of an inverted bitcoin ETF or take another position countering this one, even when the instruments in Hong Kong make this difficult. Chen stated that CSOP was also working to launch an inverse ETH ETF.
CSOP’s offering joins other ETFs launched in Hong Kong since April that have received inflows of $362 million, a relatively small number compared to the $60 billion raised by their U.S.-based counterparts. Nonetheless, the former allows investors to swap crypto assets for ETF participation directly, which is different from how the latter operates.
What do you think about the launch of the first inverse bitcoin ETF product in Hong Kong? Tell us in the comments section below. #Write2Earn

Robert Kiyosaki vs Peter Schiff: Conflicting Predictions on Gold, Bitcoin, and US Dollar

Rich Dad Poor Dad author Robert Kiyosaki and gold advocate Peter Schiff have provided conflicting forecasts about the future of gold, silver, bitcoin, and the U.S. economy if Donald Trump is re-elected. Kiyosaki claims asset prices will rise as Trump supports a weaker dollar, which he believes will boost American exports and create jobs. In contrast, Schiff argues that a weaker dollar will impoverish the country and lead to higher oil prices. Additionally, Schiff’s predictions for gold, silver, and bitcoin prices diverge from Kiyosaki’s views.
Robert Kiyosaki and Peter Schiff Differ on Economic Impacts of Potential Trump Re-Election
Economist and gold advocate Peter Schiff responded to statements by Rich Dad Poor Dad author Robert Kiyosaki on social media platform X Tuesday regarding the future of gold, silver, oil, the U.S. dollar, and bitcoin if former U.S. President Donald Trump gets re-elected in the November presidential election.
Kiyosaki predicted that gold, silver, and bitcoin prices will rise if Trump becomes president again. He explained that Trump supports a weaker dollar to boost American exports, create jobs, and increase asset prices. He added that Trump plans to expand oil drilling to reduce oil prices. Schiff countered:
A weaker dollar may make some Americans richer, but overall it will make America poorer. It will also result in higher oil prices, even if we do drill more of it.
Specifically, Kiyosaki forecasts that by August 2025, gold will increase from $2,400 to $3,300 an ounce, silver from $29 to $79 an ounce, and bitcoin from $67,400 to $105,000 per coin.
“I think gold and silver could rise even more than your forecast, but bitcoin could just as easily fall instead,” Schiff responded.
Schiff has consistently criticized bitcoin. Earlier this month, he predicted that the bitcoin bear market is far from over. He also predicted that Ethereum will drop to $1,500. In April, he declared that the “bitcoin fad is over.”
On Wednesday, he maintained his critique of bitcoin, stating on X: “The existence of bitcoin ETFs [exchange-traded funds] is more proof that bitcoin itself offers little to no real value. Initially, the value propositions of bitcoin was the elimination of third party custodians. If you’re going to trust third parties, you might as well trust them to hold your gold.”
Kiyosaki, on the other hand, believes in gold, silver, and bitcoin. He recently encouraged investors to buy BTC before its price surges. He also revealed that he is buying bitcoin every month.
Do you agree with Robert Kiyosaki or Peter Schiff? Let us know in the comments section below. #Write2Earn

Kamala Harris, Vice President of the U.S. and favorite to be nominated as a Democratic candidate for the presidency, is mulling making an appearance at the upcoming Bitcoin 2024 Conference where former President Donald Trump will also appear. David Bailey, CEO of BTC Inc., the institution behind the event, stated they were in talks to make this happen. “Would be very savvy of her to reset the democrat positioning on the fastest growing voter block in the country,” he assessed. Harris’ campaign advisors would be deciding about her presence at the event. #Write2Earn

Mercury Bank Blocks Fintech Founders From Nigeria, Ukraine, and a Dozen More Countries

The U.S.-based fintech company, Mercury, will offboard startups whose founders reside in or whose businesses are headquartered in 14 African countries and six non-African states. Mercury CEO Immad Akhund stated that this decision impacts customers whose deposits constitute less than 1% of Mercury’s total deposits.
Affected Customers’ Deposits Less Than 1% of Mercury’s
Mercury Bank, a U.S.-based bank for fintechs, has said it will offboard startups whose founders reside in or whose businesses are headquartered in 14 African and six non-African countries. The bank said it made the decision to ease the strain on its operations teams and financial partners.
In a statement on X, Mercury Bank CEO Immad Akhund cited a stricter regulatory environment as forcing the bank to make the “difficult decision.” However, Akhund noted that the decision affects customers whose deposits account for less than 1% of Mercury’s total deposits.
Mozambique, Nigeria, the Democratic Republic of Congo, and Zimbabwe are among the African countries impacted by the policy change. Ukraine is among the non-African countries added to the list.
CEO Vows to Revisit Policy in the Future
Commenting on the inclusion of Ukraine, which is home to many successful startups, Akhund said:
Ukraine in particular was a tough one. There are a lot of great startups in Ukraine, but about 20% of Ukraine is sanctioned. Verifying and monitoring which part of a country someone lives into a high standard becomes highly complex at scale and the penalty for making even one mistake is large.
Mercury’s CEO, however, claimed that the decision would likely advance the bank’s compliance program. In Nigeria, where fintech startups have reportedly relied on the bank, the addition of the West African nation to the list has created challenges for founders.
According to a report by Techpoint Africa, Nigerian founders residing in the U.S. have also been affected by this decision. Meanwhile, in his statement, Akhund expressed empathy for international founders and pledged to review the policy in the future.
What are your thoughts on this story? Share your opinion in the comments section below. #Write2Earn

Harris vs. Trump: Polls Show Tight Race as Betting and Prediction Markets Favor Trump

After Kamala Harris announced her candidacy for the U.S. presidency in the 2024 election, recent polls show she is performing competitively against Donald Trump in hypothetical matchups. However, betting markets suggest Trump is favored to win, with Polymarket odds giving Trump a 63% chance over Harris’s 34%.
Trump Leads Betting Odds Despite Harris’s Competitive Poll Numbers
Interestingly, a few days after current U.S. President Joe Biden declared his resignation from the 2024 election, several polls were conducted this week to predict the outcome of a Harris vs. Trump matchup and who will win the 2024 election. National polling averages indicate Harris is trailing Trump by a narrow margin of approximately 2 percentage points (46% for Harris vs. 48% for Trump). A Reuters/Ipsos poll found Harris leading Trump by 2 percentage points (44% to 42%).

In key swing states, Harris’s performance varies: In Pennsylvania, Harris trails Trump by just 1 percentage point. In Virginia, Harris leads Trump by 5 percentage points. In Georgia, a Landmark Communications poll shows Trump ahead by a slim 1.3 percentage points (48% to 46.7%). In Arizona, an earlier poll showed Trump leading by 6 points (46% to 40%). In Michigan, Harris was trailing Trump by 5 points (46% to 41%). And in Wisconsin, a Civiqs poll showed a tie, with both Harris and Trump at 48%.

Meanwhile, betting and prediction markets paint a different picture. According to predictit.org, Trump’s odds stand at 56%. On the same day, July 24, Harris’s odds are around 45% on predictit.org. On Polymarket, Trump holds a much larger lead with a 63% chance compared to Harris’s 34%. Despite this substantial lead, Harris appears to be performing slightly better on Polymarket than Joe Biden did before he exited the 2024 race. The disparity between polls and betting odds has led some to question which is more reliable.

Some argue that polls can be influenced by various factors, while betting markets are less prone to manipulation due to bettors having financial stakes. When people invest their money, they may provide more accurate predictions than those responding to random surveys. Prediction markets have gained significant attention in the 2024 election run-up, with the blockchain-powered Polymarket making national news for the size and volume of its election bets.
Additionally, mainstream media has spotlighted the outcomes predicted by wagerers about the next U.S. President. Beyond Polymarket’s and predictit.org’s odds, betohio.com indicates Trump has a 66.7% chance, while Harris holds a 33.3% chance. On covers.com, Trump leads with 65.3%, and Harris is at 41.7%. The betting markets suggest the race isn’t as close as polls indicate, but the question remains whether betting markets offer a more accurate reflection than polls.
What do you think is more accurate betting markets or polls? Share your thoughts and opinions about this subject in the comments section below. #Write2Earn

Kamala Harris Urged to Embrace Digital Assets

The Digital Chamber, a crypto advocacy group, has called on U.S. Vice President Kamala Harris to support the digital asset industry with three requests. The group urged her to promote pro-digital asset language in the Democratic Party’s platform, choose a vice-presidential candidate with expertise in digital asset policy, and engage with industry leaders.
Digital Chamber Urges Vice President Harris to Support Digital Asset Industry
The Digital Chamber, a crypto advocacy group, announced on social media platform X on Monday that it has sent a letter to U.S. Vice President Kamala Harris “with important requests to support the digital asset industry.” The Chamber stressed, “It’s in the best interest of the American people for Democrats to embrace this technology fully,” emphasizing that Harris “has a unique chance to lead this change.”
The Chamber’s letter states:
As you are poised to become the Democratic presidential nominee, we write to urge you to take a forward-looking approach on digital assets and blockchain technology, an area that holds immense potential for innovation, economic growth, and financial inclusion.
The letter outlines three key requests for Vice President Harris. First, the Chamber urged her to advocate for including pro-digital asset language in the party’s platform to “ensure the Party’s platform reflects the potential benefits of digital assets and blockchain technology.” Second, the Chamber recommended selecting a vice-presidential candidate with expertise in digital asset policy, suggesting Colorado Governor Jared Polis as a potential running mate due to his proven track record in digital asset technology. Lastly, the Chamber urged Harris to engage in open dialogue with digital asset and blockchain industry leaders to develop supportive policies.
“Digital assets and blockchain technology are not merely financial instruments but represent a revolutionary shift that can enhance transparency, reduce fraud, and create a more inclusive financial system,” the Chamber explained in its letter. “We believe this technology is non-partisan and the Democratic Party should also champion these innovations to help reaffirm the U.S.’ position as the leader in the global digital economy.”
The Chamber’s letter concludes:
We are hopeful that with your leadership, the Democratic Party can pivot towards a more supportive stance on digital assets, aligning with the aspirations of millions of Americans who believe in the transformative power of this technology.
What do you think about the Digital Chamber’s requests to VP Kamala Harris, and do you think she will embrace digital assets? Let us know in the comments section below. #Write2Earn

Leader of Russian State Duma’s Financial Market Committee Labels ‘Hamster Kombat’ a ‘Scam’ and Calls for Its Termination

Anatoly Aksakov, the Chairman of the Russian State Duma Committee on the Financial Market, has stated that ‘Hamster Kombat’, a popular tap-to-earn game, should be stopped in Russia. Aksakov emphasized that ‘Hamster Kombat’ manipulates the psyche of citizens, leading them to believe that they can become wealthy with minimal effort through playing this type of game.
Hamster Kombat Is ‘a Scam’ and ‘Must Be Stopped,’ Russian State Duma Financial Market Committee Leader States
Hamster Kombat, the tap-to-earn game where players take the role of a hamster who is the CEO of a cryptocurrency exchange, has garnered a bad reputation from Russian leaders. Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, has called for the stop of the game operations in the country, calling it manipulative and scammy.
Talking to local media, Aksakov stated:
Such things must be stopped. In my opinion, this is clearly a scam. Manipulation and use of the psychology of citizens. Especially those who do not really want to work, but dream that they can play with a minimum of effort and get rich.
Furthermore, Aksakov criticized the activities that Hamster Kombat users need to complete to gain more virtual coins that will be distributed in an upcoming airdrop, calling them “almost a psychosis.” “People are gullible, people are easily manipulated and other cunning moves. Sometimes all this even comes almost to Internet addiction,” he stressed.
Hamster Kombat is considered a major success in Russia. According to local retailers, its introduction has caused sales of muscle massage gun devices, which can be used for repeatedly tapping mobile device screens, to almost triple from May to June.
Even with countries like Iran considering Hamster Kombat a “soft war” instrument, Telegram CEO Pavel Durov recently praised the game’s influence on its users. Durov assessed that Hamster Kombat might be the first contact of several million people with blockchain once the token gets airdropped on top of TON.
What do you think about Hamster Kombat’s effect on its users? Tell us in the comments section below. #Write2Earn

Analysts Predict US Dollar Trends Amid Biden's Withdrawal and Trump's Lead

Analysts have commented on the U.S. dollar trend following President Joe Biden’s decision not to seek re-election, noting a slight decline in the dollar against a basket of currencies. Bank of America’s head of global foreign exchange research mentioned: “There is a growing consensus that the dollar will be stronger if Trump wins due to tax cuts and tariffs. However, it’s more complicated as Trump doesn’t want a strong dollar.”
Analysts Weigh in on USD Trend Amid Political Shift
The U.S. dollar experienced a slight decline against a basket of currencies and a notable drop against the yen on Monday, driven by significant political and economic developments. President Joe Biden’s decision to withdraw from his re-election bid and endorse Vice President Kamala Harris for the Democratic nomination took center stage, influencing market sentiments. Consequently, the dollar index, which measures the dollar’s strength against a basket of foreign currencies, decreased by 0.1% to 104.30.
Analysts provided diverse perspectives on the dollar’s outlook following Biden’s announcement. Athanasios Vamvakidis, Bank of America’s head of global foreign exchange research, commented:
There is a growing consensus that the dollar will be stronger if Trump wins due to tax cuts and tariffs, but it’s more complicated than that as Trump doesn’t want a strong dollar.
He emphasized the complexity of the U.S. dollar’s response to political changes, indicating that market movements are primarily driven by data and central banks unless candidates specifically mention the U.S. dollar. “Recent events taught us we should not expect the dollar to react to election developments unless the candidates make specific reference to the U.S. dollar … I expect the market to continue trading on the back of the data and central banks,” he opined.
Neil Roarty, an analyst at the investment platform Stocklytics, also provided his insight on the weakening dollar following Biden’s withdrawal. “The dollar weakened slightly against most major currencies in the wake of Joe Biden’s announcement on Sunday that he would not stand for re-election in November,” he detailed. “At face value, a weakening dollar might suggest traders would have favored the relative stability of another Biden term in the White House. But Donald Trump was already a clear front-runner, ever since Biden’s disastrous debate performance last month.”
The analyst noted that the greenback has surged in value over the past couple of years, particularly as the Federal Reserve raised interest rates. “Trump has previously said that he prefers a weaker dollar to help domestic manufacturers sell abroad,” he continued, concluding:
With Trump leading across most polls and prediction markets, this initial decline might just be the beginning of a greater trend.
Do you agree with the analysts on the U.S. dollar? Let us know in the comments section below. #Write2Earn