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Franklin’s XRP Spot ETF Hits Regulatory Pause, SEC Sets New Deadline for June 17

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  • SEC Extends Review Period for Franklin’s XRP ETF Proposal Until June 17.
  • Final Decision on Crypto ETFs Likely Expected Around Mid-October.
  • Deliberations Signal Ongoing Regulatory Caution Over Crypto Products.

SEC Pushes Back Decision on Franklin Templeton’s XRP Spot ETF The U.S. Securities and Exchange Commission (SEC) has formally extended its timeline to rule on a proposed spot XRP exchange-traded fund (ETF) submitted by Franklin Templeton, moving the decision date to June 17, 2025. The delay was confirmed in a regulatory filing dated April 29 and highlighted by reporter Eleanor Terrett via social media on Tuesday.

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The ETF application, initially filed on March 13, 2025, by the Cboe BZX Exchange, seeks to list and trade shares of the Franklin XRP Fund under the commodity-based trust shares category. This latest deferral reflects the Commission’s use of its authority under Section 19(b)(2) of the Securities Exchange Act of 1934, which allows for up to 90 days of consideration following publication in the Federal Register.

The SEC invoked a need for more time to properly review the suggested change in the rule and listen to public as well as internal concerns prior to making a final determination. This comes as anticipation around a wave of financial products linked to cryptocurrency competing for regulatory sanction heightens.

XRP ETF Verdict Not Expected Soon

Eleanor Terrett also reported that conversations with ETF analyst James Seyffart indicate that a final determination on crypto exchange-traded products, such as the XRP ETF, may take until the fourth quarter of 2025. Seyffart believes October 18 would be a soft deadline for the Commission’s final determination, but that the SEC has discretion to move ahead earlier than that.

“The SEC is likely to take its time,” Seyffart noted, “especially if the pace of dialogue and engagement around these applications remains cautious.” He emphasized that these intermediate dates are not final deadlines but part of the regulatory rhythm that often governs such high-stakes financial products.

SEC Delays XRP ETF Decision Again

The postponed announcement contributes to the general ambiguity around cryptocurrency spot ETFs in America, where regulators have been cautious so far. While multiple Bitcoin and Ethereum spot ETFs have been successful internationally, U.S. approval has been slow in coming, citing concerns over market manipulation, custody infrastructure, as well as protection of investors.

Franklin Templeton’s filing represents a significant milestone for XRP, an asset that has been slowly rebuilding its reputation over recent years amidst legal scrutiny. Industry observers think the way that the SEC treats the XRP application could serve as a precedent for other altcoin-based ETFs.

With each passing day to June 17, institutional as well as retail crypto players are gearing up for a turning point that has the potential to redesign investment opportunities in digital assets in mainstream markets.

BONK up 43% this week—will Letsbonk.fun push it to new highs?

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  • The coin shows bullish consolidation with strong technical indicators and rising open interest.
  • New token issuance platform, Letsbonk.fun, drives demand through innovative fee mechanics.
  • The coinF futures signal heightened market speculation and potential for continued volatility.

BONK is trading at $0.00002013, having recorded a modest 0.44% daily advance. BONK’s weekly chart has a notably bullish appearance, having achieved a 42.85% increase in the past week despite a dramatic 40.76% fall in 24-hour trading volume to $299.27 million.

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The technical indicators indicate that the asset has reached a consolidation stage from its recent price surge. The Average Directional Index stands at a strong 72.4, indicating a strong trend, while the Relative Strength Index of 77.27 implies mildly overbought levels.

The price continues to be pegged above the significant $0.000020 level of support, an underlying bullish volume ratio of 2.58x further affirming sincere buying interest. The bullish crossover by MACD along with a wide Bollinger Band of 37.59% indicate increased volatility in the market along with a potential for additional price discovery.

Raydium partnership drives BONK ecosystem growth

Adding fuel to BONK’s recent climb is the launch of Letsbonk.fun, a community-driven token issuance platform developed in partnership with Raydium. Since going live late Sunday, the platform has already generated $800,000 in fees, part of which is used to buy the coin, creating consistent upward pressure on the token’s price.

Supporters of the project, such as prominent trader “theunipcs,” say that the simplified model for launching a memecoin by the platform can replicate Pump.fun’s success, having garnered over $600 million in fees in its first year of operation. With over 10,000 already launched on Letsbonk, and high-profile projects such as HOSICO ($30 million market cap) and LETSBONK ($5.3 million market cap) taking off, the ecosystem also looks set to grow spectacularly fast, making BONK’s utility far more compelling, along with its position in the Solana ecosystem.

Futures interest in BONK jumps to $250M

The bullish trade structure currently favors those who are long above $0.000020 levels. Near-term support exists at $0.000018, where stops are favored below $0.000016. For both scalpers and swing traders, $0.000021 and $0.000023 levels are reasonable upside targets, but there comes a price to pay by virtue of its overbought level RSI reading, along with a low liquidity reading of 26.43%.

Open interest in the coin futures has risen from $170 million to more than $250 million this week, a reflection of added speculative interest as well as anticipated volatility. Momentum remains favorable to the coin, but traders are being advised to position size tactically and watch volume shifts to validate breakout power.

Ethereum (ETH) Eyes Breakout: Will $2,200 Resistance Mark the Next Bullish Surge?

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  • Ethereum is showing signs of a breakout from a long-standing downtrend, with growing momentum and increased buyer interest.
  • Traders are closely watching the critical resistance level around $2,200, seen as a key trigger for a bullish continuation.
  • Repeated rejections at the same resistance zone highlight the importance of a confirmed breakout for further upward movement.
  • A successful daily close above this level could open the path toward higher resistance targets and strengthen bullish market sentiment.

Ethereum is indicating a potential breakout from a long consolidation period in a downtrend channel. Traders are keenly observing levels of resistance, at which a strong bullish continuation might be triggered as momentum starts to build up. Recent price levels are hinting at increasing buyer interest, so the next couple of days might become pivotal in deciding on the next significant move.

At the time of writing, ETH is trading at $1,815.74, with a 24-hour trading volume of $16.14B and a market cap of $219.2B. The ETH price has increased by 2.68% in 24 hours, while in a week, it has increased by 5.85%, indicating signs for the next big rally.

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Source: CoinMarketCap

$2,200 Resistance: Ethereum’s Next Big Test

A crypto analyst highlighted that Ethereum (ETH) is now testing a pivotal resistance level around $2,200, a price level that technical experts are closely monitoring as a make-or-break point for the second-largest cryptocurrency by market cap.

The orange zone, a region that has been identified by most traders as a key supply area, has been a major obstacle in Ethereum’s recent price progress. Despite multiple attempts, ETH has struggled to close a daily candle above this level, a technical condition that many analysts view as essential for confirming the continuation of its current bullish trend.

As long as Ethereum remains below the $2,200 threshold, the bullish outlook remains uncertain, said one market analyst. Traders ought to be cautious, as a failure to break past this resistance may bring in renewed selling pressure or a spell of sideways consolidation.

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Source: X

A confirmed breakout on the daily chart above $2,200 would serve as a strong catalyst for additional price momentum higher. It would then potentially allow Ethereum to retest higher levels of resistance, with the bullish targets around $2,950 and higher, assuming sentiment remains favorable towards risk assets.

Related Reading: Chainlink Price Prediction: LINK Eyes Explosive Growth to $16 with Bullish “Buy” Signal

HBAR Price Prediction: Retest Success Signals New Rally Potential Above $0.1881

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  • HBAR successfully breaks out of a long-term downward trend channel and completes a bullish retest.
  • Bitcoin’s rally toward a major milestone boosts overall crypto market sentiment, benefiting HBAR’s momentum.
  • HBAR shows strong weekly performance, indicating rising investor confidence and potential for further gains.
  • A major resistance level remains ahead, where a significant sell wall could challenge the upward movement.

Hedera (HBAR) also benefits from good momentum as it escapes from its downward channel, predicting a potential bullish upsurge. Bitcoin (BTC) also makes a move towards the $95K level, lending a good atmosphere to the entire market. HBAR benefits from this wave and rides the upward trend of the overall market.

The token is currently trading at $0.1881 with a 24h trading volume of $239.23M and a market cap of $7.94B. The price of the past 24 hours shows stability, while the past week’s price shows a 10.28% increase, indicating great potential for the next big rally.

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Source: CoinMarketCap

HBAR Retests Key Support, Bulls Watch $0.315

A crypto analyst, CW, highlighted a positive development for Hedera holders and cryptocurrency investors alike: the digital asset seems to have successfully tested a key level after breaking from a long-term downward trend channel. Such a technical move tends to mark the end of a bearish cycle and the start of a new potential path of ascension.

After the last month of price action within a lower highs and lower lows bearish pattern within a downward channel, the upper channel was at last broken by HBAR. Much more significant was a textbook retest by the currency, where the price once again visited the level of the former resistance as a new level of support. Holding such support consistently is generally considered a very bullish sign among traders and investors.

Following the retest apparently done, sentiment within the market is cautiously positive. Investors are keeping a close eye on the situation as they hope HBAR might be about to start a new upward trend within the next few days or weeks.

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Source: X

Despite the bullish chart signs on hand, HBAR also encounters a big sell wall ahead. There’s a big sell wall at the $0.315 level. Sell walls do have the potential to offer good resistance and will freeze the asset’s price advance temporarily. Breaking this barrier will prove crucial for HBAR pursuing higher price targets and keeping any rally intact.

Related Reading: XRP’s Key Resistance: Can It Break $2.5 to Start a Bullish Reversal?

Massive Cardano Bull Run Ahead? New Bitcoin Bridge Could Boost ADA’s Price

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  • Cardano (ADA) shows potential for a major bull run, echoing patterns from its 2020 breakout.
  • Integration of Bitcoin support into ADA’s Lace wallet aims to revolutionize Bitcoin-based DeFi access.
  • ADA’s new Midnight project seeks interoperability with major blockchains to enable private smart contracts.

Cardano (ADA) currently trading at around $0.6946, down by a modest 2.20% in recent hours. This setback notwithstanding, the token has recorded uplifting gains within the past week, up 13.18% by price. Its trading volume, however, is down considerably by 39.36%, standing at $524.27 million over the previous 24 hours.

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Cryptocurrency analyst Mintern noted that Cardano’s current market structure replicates the scenario leading up to its explosive 2020 break. This earlier advance was strongly fueled by a reverse head-and-shoulders formation, a device typically linked with upward bullishness. Mintern’s work hints at the probability that ADA’s strongest bull trend is yet to come, as investors are potentially seeing the first signs of a long-term trend.

Bitcoin Is Coming to Cardano’s Lace Wallet

Cardano’s founder Charles Hoskinson recently revealed significant updates focused on bridging Bitcoin with the Cardano network. Bitcoin support is being directly incorporated into Cardano’s flagship Lace wallet by the team. It will be released soon, and it will allow Bitcoin owners to access DeFi applications directly through ADA without having to convert.

The introduction of support for Bitcoin into the Lace wallet is less of a technical development than a strategic decision to onboard Bitcoin users into the DeFi market. Hoskinson underscored that through the update, users will only need a click to enable Bitcoin-based DeFi functionality. Lace is looking to provide a simple user experience for both new and seasoned investors, reducing DeFi entry barriers as well as expanding investment horizons through portfolio diversification.

Cardano’s Midnight Project Focuses on Privacy and Identity

During a recent interview, Hoskinson also elaborated on Cardano’s ambitious Midnight project, designed to facilitate private smart contracts as well as richer identity capabilities. This project is intended to pave the way for interoperability between leading blockchain networks such as Bitcoin, Ethereum, and Solana.

Midnight’s hybrid decentralized applications (DApps) will be seamlessly integrated without interrupting user experiences across current platforms. Cross-chain interoperation can place ADA as a leading participant in the transforming blockchain environment with privacy-focused offerings as well as mature multi-chain interconnectivity.

XRP Breakout Imminent: $2.29 Resistance Could Spark Major Rally

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  • XRP is showing clear signs of an imminent breakout, with narrowing Bollinger Bands indicating a potential surge in volatility and strong price movement ahead
  • Key technical indicators, including a persistently strong Relative Strength Index (RSI), highlight growing bullish momentum and increasing buyer strength in the market
  • Ripple has successfully broken out of a long-standing descending channel, signaling a major shift from a bearish to a bullish trend and opening the door for further gains

Ripple (XRP) analysis shows that XRP might be poised to see a substantial price action. One crypto analyst recently noted that XRP’s chart was showing narrowing Bollinger Bands, which generally means a break would occur. Currently consolidating around the middle line from a recent bounce off lower support, XRP may see a surge in volatility with a strong price action.

At the time of writing, XRP is trading at $ 2.18 with a 24-hour trading volume of $ 2.09B and a market cap of $ 127.51B. The XRP over the last 24 hours is showing stability; however, over the last week, its price is up by 6.63% and showing a potential for the next major rally.

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Source: CoinMarketCap

XRP Bulls Eye $2.29 Breakout for Strong Price Surge

A prominent crypto analyst highlighted that XRP appears to be ready for a significant technical breakout, with a number of indicators pointing towards a strong and near-term move higher. One of the best indicators of this is the strong contraction of the Bollinger Bands, a popular chart tool for measuring market volatility.

When these bands contract, it generally precedes a period of increased price action, often leading to strong moves. For XRP, this is happening with a solidly bullish Relative Strength Index (RSI), which still remains in positive ground. This relation of low volatility with persistent buying strength is a classic signal for a breakout.

Experts are looking for the crucial resistance level of $2.29, anticipating a strong breakthrough that barrier could spark a buying trend, catapulting XRP towards major target levels of $2.50-$2.80.

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XRP Breakout Imminent: $2.29 Resistance Could Spark Major Rally 11

Source: X

One factor supporting XRP’s bullish fundamental sentiment is its recent break above a clearly visible descending channel, a pattern that had dominated its price action for several weeks. Descending channels are typically bearish patterns that consist of a series of lower highs as well as lower lows.

Backing up this break is the firm establishment of a firm support level at $1.87, where price action always found buyers stepping in. This provides a sound cushion beneath present prices, minimizing the risk of declines and boosting bulls’ confidence to push prices higher.

Related Reading: $131,800 in Sight: Bitcoin’s Critical Retest Could Trigger Historic Rally

XRP breaks out with 7.91% weekly gains: XLS-56 update signals more upside

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  • XRP strengthens with 7.91% weekly gains amid bullish sector momentum.
  • XLS-56 upgrade transforms transaction handling with smart bundling.
  • Institutions gain critical reliability through XRPL’s built-in transaction logic.

XRP is demonstrating solid bullish momentum after a long period of consolidation. As the crypto market trends towards more optimistic sentiments, Ripple was among the leading performers riding the wave of positivity. There is a growing sense of confidence from investors that XRP’s value can improve with regulatory clarity advancing and adoption picking up, fueling new demand as well as increased price action at major markets.

XRP is trading at $2.21 with a 1.25% daily jump. For the week, the cryptocurrency has posted a significant 7.91% gain, which is indicative of increased investor confidence. While 24-hour trade volume saw a minor 7.08% decline to $2.81 billion, investor mood towards Ripple is largely optimistic.

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Source: CoinMarketcap

Experts cite the overall cryptocurrency market’s renewed strength as one of the drivers of XRP’s recent performance. With buying pressure continuously mounting, Ripple is set up to take more gains. Crypto analyst Jake Claver highlighted the significance of recent technical advancements within the Ripple Ledger (XRPL), especially the new features aimed at enhancing transaction integrity.

XLS-56 boosts XRPL transaction reliability

One of the main drivers of XRP optimism is the recent launch of the XLS-56 update to the XRPL network. Built to secure, enable, and simplify transactions, XLS-56 solves lingering challenges burdening multi-step crypto transactions that have a failure rate of about 30% of all of them.

XLS-56 presents four unique transaction management approaches, AtomicMode, FirstSuccessfulMode, StopOnFailureMode, and IndependentMode. All of these techniques offer fine control of committing transactions, so even if a commit fails, the results are predictable and safe.

AtomicMode, for example, requires all transactions together to succeed, or none at all, perfect for high-integrity work. FirstSuccessfulMode attempts all transactions sequentially until one is successful, providing valuable flexibility for things such as subscription payments. StopOnFailureMode processes transactions sequentially up to a point where a failure is detected, preventing cascading failures, while IndependentMode handles each transaction independently for greatest flexibility.

Compared to other off-chain solutions that need complicated code and third-party systems, XLS-56 places this logic within the XRP Ledger itself, allowing developers to create sophisticated systems such as insurance contracts or trade platforms with much lower complexity.

XLS-56 makes blockchain transactions faster

The effects of XLS-56 go beyond technology enhancements. With streamlined signature signing, reducing signing time by a projected 87%, and inherent safety guarantees, institutions are less inhibited from using blockchain. In conventional configurations, pending transactions habitually left funds hanging, a cause of concern for scaled operations.

By providing clear transaction certainty and reducing risks involved with multi-step operations, XLS-56 greatly increases the XRPL’s attractiveness to insurance firms, banks, and fintech companies. Ripple, as a result, not only solidifies itself within the decentralized finance (DeFi) sector but becomes a strong challenger for widespread institutional adoption as well.

Shiba Inu’s path to $1: The truth behind the token burn strategy

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  • Shiba Inu (SHIB) displays strong bullish momentum amid wider market optimism.
  • Massive token supply burn remains essential for SHIB’s $1 dream.
  • Heavy sell pressure looms near critical price levels, challenging further breakout.

Shiba Inu (SHIB) has surged with renewed vigor, building upon the positive sentiment sweeping across the broader cryptocurrency market. After a prolonged phase of consolidation marked by investor caution and subdued price action, SHIB’s decisive breakout has reignited enthusiasm among both retail traders and institutional participants.

SHIB is now trading at $0.00001415. SHIB has registered a 1.37% advance over the last 24-hour duration, along with an impressive 21.42% trading volume increase to stand at $313.13 million, a crucial sign pointing to increased investor interest. For the last week, SHIB’s worth increased by an impressive 16.21%, a sign of its effectiveness in riding out the bettering market conditions.

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Source: Coinmarketcap

The activity rise indicates that there is a general improvement of confidence towards the token, which places Shiba Inu among the top performers of mid-cap cryptocurrencies. Analysts say the momentum is due to a change of sentiment within the crypto sector, where appetite for risk is gradually being regained. However, while the latest performance of SHIB is optimistic, market analysts warn that sustainability will largely depend on breaking major technical resistance levels within the short term.

Why is it hard for Shiba Inu to reach $1?

While sentiment remains optimistic, the possibility of Shiba Inu hitting the highly touted threshold of $1 is a very tall order. Such a jump would require an almost total destruction of SHIB’s enormous supply. With its existing supply of 589.5 trillion tokens, to achieve the valuation of $1 without increasing the market capitalization would mean burning 99.9987% of its supply down to 7.77 billion tokens.

If the monthly burn rate of SHIB continues, around 15.64 billion tokens were burned last March alone, the community would be more than 3,100 years from achieving a corresponding reduction. While technically possible, the impracticability of such a timeline moderates expectation. Supply reduction strategy seeks artificially to create scarcity, yet the existing rate of burns poses a significant obstacle.

Shiba Inu faces key resistance level

While Shiba Inu enjoys a wave of bull sentiment, a major roadblock awaits. On-chain analysis from IntoTheBlock shows more than 22.7 trillion SHIB tokens hovering between $0.00001293 and $0.000015 across more than 49,000 accounts. Together, these so-called “out-of-the-money” holders are a potential sell wall of significant weight, with numerous owners presumably wanting to break even after they bought up higher.

The densest area of these tokens lies at approximately $0.000014, precariously close to SHIB’s existing trading zone. To continue its upward direction, SHIB needs to break this resistance using adequate purchasing pressure. Otherwise, the market may witness another halt or retracement, which it also experienced at its previous rally attempts.

In the sessions to come, how well SHIB can absorb this supply excess will decide if the breakout will transform into a durable rally or will be just another temporary spurt.

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Shiba Inu’s path to $1: The truth behind the token burn strategy 15

Stellar (XLM) Flashes Strong Bullish Signals, Breakout Above $0.29 Confirmed

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  • Stellar (XLM) maintains strong bullish momentum, trading above key short-term moving averages.
  • Rising trading volume and solid technical indicators suggest a potential major breakout ahead.
  • Bullish signals from RSI and MACD point to continued upward movement for Stellar (XLM).

Stellar (XLM) is riding a beneficial bull wave now, like the overall altcoin market at this phase of the cycle. After a clean and decisive flip of large resistance levels to support, the setup now is for the trend to continue. Stellar is well situated to ride this wave. If the trend continues, XLM may be on the threshold of a huge breakout.

Stellar is priced at $0.292 at the time of writing, has a 24-hour trading volume of $228.2M, and has a market cap of $9.05B. It is up 2.87% from the last 24 hours and is up considerably by $9.05B from the last week, with potential for further upward movement.

Source: CoinMarketCap

Stellar Bullish Setup Hints breakout above $0.29

A prominent crypto analyst, gemxbt, highlighted that Stellar (XLM) is also showing very robust bullish momentum, as its price action remains firmly above the 5-hour, 10-hour, and 20-hour moving averages. The consistent strength across several short-term indicators indicates a robust uptrend fueled by consistent purchasing interest.

Currently, resistance is being built above the $0.29 zone, while support stands at levels around $0.26. The continuous growth in trading volumes further highlights that this movement of the price is being driven by actual market participation and not just short-term speculative trades.

A breakout above the $0.29 resistance would potentially bring even greater gains, driving $XLM to fresh highs. Traders and investors are going to be monitoring price movements at crucial technical levels, but Stellar’s chart setup indicates the possibility of a major rally in the near future.

image 251
Stellar (XLM) Flashes Strong Bullish Signals, Breakout Above $0.29 Confirmed 18

Source: X

Technical charts also affirm the existing bull story for Stellar. The Relative Strength Index (RSI), which moves toward the area of being overbought, historically suggests that things must cool down but, for solid trends, indicates that there is continuing demand.

The Moving Average Convergence Divergence (MACD), on the other hand, is also bull-friendly, and the MACD line is still above the signal line. This indicates that the momentum behind the price appreciation of XLM continues to remain sound and, for now, sustained.

Related Reading: Dogecoin Surges Past $0.18, Analysts Predict Massive Upside Toward $1

Bitcoin price surges past $94K: Is a new All-Time high just around the corner?

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  • Bitcoin shows bullish momentum above short-term moving averages but lacks strong trading volume.
  • ARK Invest raises its 2030 BTC price target to $2.4 million, citing institutional adoption.
  • Technical indicators point to cautious optimism, though resistance levels still loom.

Bitcoin (BTC) keeps gathering robust bull strength, enhancing investor morale following a period of uncertainty within the industry. As the overall cryptocurrency sector goes up, BTC remains one of the leading performers of this upward trajectory.

Consistent gains indicate increasing optimism and increased institutional demand, which signals potential for breaking higher to new all-time highs. Recent strength indicates that Bitcoin is possibly entering a new stage of accumulation and enduring long-term growth.

Currently, Bitcoin is trading at $94,801, up 1.52% from the last 24 hours. Its trading volume also jumped to a high of $38.49 billion, up by 16.49%, reflecting improved activity and investor participation.

BTC has rallied 11.66% in the last week, retaining its healthy price level at around $94,800. All these statistics represent a high weekly momentum and support the existing bullish trend that may further drive prices upward in the short to mid-term.

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Source: CoinMarketcap

On the technical front, Bitcoin has broken above significant short-term moving averages, trading above its 25-hour and 50-hour SMAs, which indicates a short-term bull trend. The momentum indicators also affirm this direction: the Relative Strength Index (RSI) is at 57.74, which shows that there is room to extend without being oversold, and the MACD is at 351.21, which supports upward momentum.

Nonetheless, the Average Directional Index (ADX) at 19.54 indicates that the strength of the trend still needs to mature. While these are encouraging signals, trading volumes are still below average, indicating traders are being cautious and waiting for a more definitive direction of the market.

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Source: X

Bitcoin price forecast for April 2025

Projecting to April 2025, crypto experts expect a steady upward trend for Bitcoin. With a forecast trading between $94,047.45 and $115,245.38 and an average forecast of $104,646.42, BTC can potentially reap a 21.8% return on investment. These figures, based on technical trends and cycles within the marketplace, are a reflection of a developing commodity that is becoming more respected both as a speculative and strategic value holder.

Changelly’s 2025 forecast predicts Bitcoin to trade between $100,483.26 and $115,596.84, at an average of $130,710.41. This reflects a 22.2% ROI yearly, which is fueled by increasing global interest in decentralized financial systems. The estimates indicate that even while volatility is inherent to crypto assets, Bitcoin’s bottom keeps increasing with time and adoption.

ARK invest predicts $2.4M Bitcoin

Perhaps the boldest projection comes from ARK Invest, which has significantly upgraded its long-term Bitcoin valuation models. According to analyst David Puell, the investment firm now sees a potential bull case of $2.4 million per BTC by 2030, up from its previous $1.5 million estimate. Even in its revised bear case, BTC could hit $500,000, driven by increasing penetration into the $200 trillion global financial market.

Institutional investment is identified as the main force behind this projection, supplemented by Bitcoin’s increasing status as a hedge against fiat currencies and inflation in the emerging markets. Were this path to come to pass, the market cap for Bitcoin would skyrocket to a dizzying $49.2 trillion, even exceeding the combined United States and Chinese GDPs and potentially usurping gold as the world’s store of choice.