Aurelia Butler

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When this conventional wisdom becomes “entrenched,” Brandt stated, “I do the opposite.” Therefore, the savvy commodities trader sort of hinted that he does not believe that digital gold Bitcoin will stop growing after it has reached the $100,000 price level. “Conventional wisdom is usually wrong,” Brandt added.On Sunday, Bitcoin was pushed back down, losing the $95,500 zone and landing on $95,860. That decline was followed by a recovery of 3.2% as, today, BTC managed to return to $98,920. However, by now, the world’s leading cryptocurrency has lost 1.65% and is changing hands at $97,215.Kiyosaki said that this prediction was made by artificial intelligence. It was likely either OpenAI’s popular chatbot ChatGPT or Elon Musk’s Grok integrated with the X platform, though Kiyosaki did not specify which AI he trusts and prefers to ask it about asset price predictions.Last week, when Bitcoin hit an all-time high of $99,500, Kiyosaki tweeted that he expected it to reach $100,000 on the same day. While that did not happen, he continued tweeting about BTC, saying that he was following Michael Saylor’s “strategic Bitcoin plan” of purchasing BTC, albeit on a much smaller financial scale. However, in a recent tweet, Kiyosaki said that he would stop accumulating BTC as soon as it soars to $100,000.Aside from that, the financial guru tweeted that he agrees with Saylor’s long-term outlook that, in 10 years, BTC is likely to cost $13 million per coin.This article was originally published on U.Today More

While the outlook for Bitcoin remains uncertain, the limited supply of 21 million coins, with only 1.1 million left to be mined, has provided an attractive proposition for investors.Bitcoin has already surged nearly sevenfold since early 2023, 10-fold since mid-2020, and 100-fold since early 2017.By comparison, gold, which did not have the same supply limitations, rose around 20 times during the 1970s after the U.S. severed its ties to the gold standard, and has increased nearly 10 fold since 2002.With such dynamics at play, Bitcoin could continue to soar “to the Moon, to Mars, and to infinity and beyond,” the analyst says.The global demand is compounded by high-profile endorsements, including former U.S. President Donald Trump’s recent support for Bitcoin, further driving the rally.The analyst highlighted MicroStrategy’s bitcoin hoarding idea, where it has accumulated over 331,000 Bitcoin, continue to fund Bitcoin purchases through stock and debt offerings.While this has helped the price of Bitcoin and the company’s stock, it raises concerns about the sustainability of this strategy if Bitcoin’s price eventually stabilizes or falls.“In effect, it is a perpetual prosperity rocket ship on course to infinity and beyond. The price of Bitcoin goes up. The company raises more money to buy more Bitcoin, which continues to go up in price as does the stock price of MicroStrategy…and so on to infinity and beyond.” More

Kernel is thrilled to announce funding from Binance Labs, solidifying their role as a core restaking infrastructure on BNB Chain. This milestone marks a big leap in turning BNB’s economic security into programmable trust, empowering dApps, middleware, and the entire crypto ecosystem.Kernel raised 10M total funds across rounds, with the belief and backing of various investors, including:SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Cypher Capital, Draper Dragon, ArkStream Capital, DACM, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA, DWF Labs.Kernel is excited to continue building this journey and pushing the boundaries of what restaking can achieve.Building Beyond EthereumWhile restaking has reshaped Ethereum, Kernel is breaking new ground by bringing this innovation to BNB Chain, unlocking decentralized, scalable trust. Backed by Binance Labs, Kernel is leading the restaking journey on BNB Chain and beyond.Kernel’s MilestonesSince launching, Kernel achieved: Introducing $KERNEL Token$KERNEL aims to unify governance and incentives across Kelp, Kernel, and Gain, rewarding early supporters and driving ecosystem growth.Kernel will first launch on BNB Chain using BNB Liquid Staking Tokens (LSTs) and restaked BNB as economic security to support DeFi innovation on BNB Chain. Plans for expansion include incorporating BTC and its derivatives as restaked economic security. Over 20 decentralized applications (dApps), including decentralized AI coprocessor, Mira, and ZK proof aggregation protocol, Electron, are going to leverage Kernel’s economic security. Several LSTs and LRTs including ListaDAO, Solv, and YieldNest, are working with Kernel to bring more utility to restaked assets.Over time, Kernel plans to expand to additional L1s, providing robust economic security and a foundation for the growth of innovative applications on Kernel.Kernel integrates native and liquid staking tokens across BNB, BTC, other yield bearing assets to improve their utility and capital efficiency. By creating a shared economic security ecosystem, Kernel enables developers to bootstrap projects more efficiently while offering users new opportunities to maximize the utility of their assets. These innovations reduce barriers for protocols and foster a developer-friendly environment, driving the growth of innovative restaking and DeFi applications. Kernel aims to provide a secure and scalable foundation for developers to build and grow their projects efficiently.Joining the JourneyKernel isn’t just building infrastructure—it’s working towards reshaping trust.Users can follow their journey:Twitter: @KelpDAO & @KernelDAOTelegram | DiscordAbout KernelKernel is pioneering restaking on the BNB Chain, designed to provide decentralized shared security and accelerate innovation and growth across the ecosystem. Founded by experts in DeFi and restaking who scaled products to 1.3 Bn+ TVL, Kernel’s ecosystem of projects is already 25+ and growing rapidly. By lowering entry barriers for protocols and unlocking higher rewards, Kernel empowers developers to build 100x efficiently and users to maximize rewards on assets.ContactFounder at KernelAmitej GajjalaKernelmarketing@kelpdao.xyzThis article was originally published on Chainwire More

Whale Alert reports that “3,073 BTC worth $297,533,192 transferred from unknown wallet to unknown new wallet.”The transaction has raised questions about whether this is the result of whale accumulation, an over-the-counter (OTC) deal or a whale consolidating holdings.The identity of this new whale remains unknown, leading to various theories within the community. It might also be a mere wallet reshuffling for security purposes.In another transaction reported by Whale Alert, “2,142 BTC worth $207,047,015 was transferred from unknown wallet to unknown new wallet,” suggesting the emergence of a new Bitcoin large holder, or whale.Traders had seized on the favorable crypto outlook to push Bitcoin to the verge of $100,000, a symbolic level that for crypto supporters repudiates skeptics, who see little intrinsic value in digital assets.According to on-chain data, the battle for $100,000 still rages on. In a tweet, IntoTheBlock highlighted that there is growing support below the current BTC price level: “The battle for $100,000 BTC rages on. While 60,000 addresses acquired 22,740 BTC above the current price, the real highlight is the growing support below: 458,000 addresses have amassed a staggering 344,000 BTC. A strong foundation to fuel a move beyond $100,000.”On the macroeconomic front, the final PCE release is anticipated prior to the Fed’s December meeting, where investors will be searching for clues about the central bank’s next policy move.This article was originally published on U.Today More

Based on his opinion on Galaxy Research’s data, the billionaire says a lot of it is down to 2024 buyers who got in at prices above $56,000. It looks like these market participants are just taking profits, which is pretty standard market behavior, Novogratz is convinced.It seems that there is more to it than just people taking profits. Novogratz also pointed out that a lot of the recent buyers — especially over the past two weeks — are long-term holders, not short-term traders. This group, often called “HODLers,” tends to hold onto their assets through price swings, which helps keep things stable.As a result, there is less and less supply available, which Novogratz believes is a positive long-term trend for the cryptocurrency.Even so, there are still some unanswered questions. For weeks now, billions of dollars’ worth of Bitcoin have been traded, but the supply-demand balance has not shifted enough to push prices over the six-figure mark in spot trading.While some of the selling activity might be due to institutional profit-taking strategies, the scale of recent activity suggests there are broader, more complex market forces at play. Large round numbers, like $100,000, often act as psychological barriers on markets, attracting both aggressive selling and cautious buying.For Novogratz, this is not a complete surprise. Markets often consolidate near significant milestones before breaking higher. With new buyers consistently absorbing supply, Novogratz is cautiously optimistic that Bitcoin’s path forward will be shaped by steady, organic growth rather than unsustainable spikes.This article was originally published on U.Today More