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🧙‍♂️ Bernstein increased his price target for #Bitcoin from $150,000 to $200,000 by the end of 2025. Estimates by year; •$200,000 by 2025 •$500,000 by 2029 •$1 billion by 2033

Fidelity manager Timmer: Only one thing is needed for Bitcoin to break a new record Fidelity manager Jurrien Timmer, one of the names followed on social media with his market evaluations from time to time, stated that network losses in Bitcoin have slowed down, but the price continues to remain high and said, "This continuous record is being prevented. The network must constantly accelerate in order for new increases to occur." Although it fell after the non-agricultural employment data announced in the USA last week, Bitcoin, which rose after this week's inflation figures and the Fed's decision, could not exceed the 70 thousand dollars level again. While investors questioned whether the upward trend was over, Fidelity manager Jurrien Timmer stated that new peaks could only come with the growth of the Bitcoin network. “The record may come with the thesis of financial dominance” Making some evaluations on his account on X, Fidelity's global macro manager drew attention to the discrepancy between price and adaptation and said: "Network growth in Bitcoin has slowed in recent months. However, we see that the price also increases and remains high. This price-adoption discrepancy may actually be behind Bitcoin's failure to break new records. Bitcoin price is swinging like a pendulum around its growth curve and will continue to swing. Therefore, for records to be achieved, the network needs to start growing again. How will this happen? Perhaps with the arrival of the next phase of the fiscal dominance thesis..." The fiscal dominance thesis mentioned by Timmer is based on the incompatibility of countries' fiscal and monetary policies. While taxation, government expenditures and debt purchases constitute fiscal policies, the central bank's monetary policies can be ineffective from time to time. This situation constitutes the financial dominance thesis. $BTC $ETH $BNB

Gemini will pay $50 million to resolve the crypto fraud case filed in New York. ETF Analyst Eric Balchunas expects Ethereum ETF S-1 approvals to be issued by July 2.

💫 The most profitable cryptocurrencies of this week.

Tesla shareholders took Elon Musk and company management to court Tesla shareholders took Elon Musk and company management to court for allegedly directing resources and talent to external artificial intelligence startup xAI. While this move caused uncertainty in the company's internal structure and position in the market, shareholders resorted to legal action to protect their investments. Tesla shareholders took CEO Elon Musk and company management to court. Allegedly, Musk transferred Tesla's artificial intelligence resources and talented personnel to his own initiative, xAI. This situation is thought to harm Tesla's competitiveness. The case was registered on the day the vote was taken to cancel Musk's large pay package. Shareholders argue that Musk and the board of directors betrayed the interests of Tesla and its shareholders with these actions and demand compensation for their losses. Tesla shareholders have filed a lawsuit in Delaware court against the company's CEO, Elon Musk, and his board of directors. The plaintiffs allege that Musk funneled Tesla's valuable AI resources and talented staff into his own startup, xAI. Shareholders claim that this situation harms Tesla's competitiveness. The case was recorded on the same day a vote was taken to cancel Musk's massive pay package. Allegedly, Musk raised funds for xAI using information about Tesla's artificial intelligence and autonomous driving technologies and transferred important names from the company in the process. In particular, Tesla's computer vision team leader Ethan Knight's transition to xAI in March 2024 is noteworthy. Shareholders also point to a period in which Musk diverted Nvidia GPUs, which were vital for Tesla, to company #xAI and X, and said that these GPUs were not necessary for Tesla. The plaintiffs argue that Musk and the board of directors betrayed the interests of Tesla and its shareholders with these actions and demand compensation for their damages.

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