Investment management firm Ark Invest has offered three bitcoin price predictions in a new report, including a bullish scenario in which bitcoin could hit $1.48 million per coin. In other news, a 7zip file possibly linked to activist Julian Assange has been reported to have been discovered on the Bitcoin blockchain, and billionaire investor Tim Draper has encouraged the Sri Lankan government to adopt Bitcoin. This and more, just below, in the latest review of the Bitcoin.com news week.
Ark Invest Expects Bitcoin to Become a Multi-Trillion Market: It Predicts BTC The price could reach 1.48 million dollars
Investment management firm Ark Invest says bitcoin is likely to “scale into a multi-billion dollar market.” In its new report, the firm offers three bitcoin price predictions, including a bullish case in which bitcoin could rise to $1.48 million per coin. Ark Invest CEO Cathie Wood sees Bitcoin as “an insurance policy for everyone against confiscation of wealth.”
Read more
Billionaire Ray Dalio says Bitcoin is not cash, a store of value or a medium of exchange
Billionaire Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, says it’s “incredible” what Bitcoin has achieved, but believes the cryptocurrency won’t be cash, a store of value or a medium of exchange. . However, he stressed that “we are in a world where money as we know it is in danger.”
Read more
Reddit User Discovers 7zip File Possibly Linked To Julian Assange Hidden On Bitcoin Blockchain
According to a post on the Reddit r/bitcoin community, an old file has been discovered that may be linked to Julian Assange, the whistleblower and founder of Wikileaks. The encrypted 7zip file is found in the exit script of a transaction that took place on January 5, 2017, and was mined at block 446,713.
Read more
Billionaire Tim Draper Urges Sri Lanka To Embrace Bitcoin: Central Bank Says ‘We Don’t Want To Make The Crisis Worse’
Billionaire investor and venture capitalist Tim Draper has reportedly been trying to convince the Sri Lankan government to adopt bitcoin. However, the Governor of the Central Bank of Sri Lanka rejected his recommendation, emphasizing: “100% bitcoin adoption will never be a reality in Sri Lanka.”
Read more
What do you think of this week’s stories? Let us know in the comments section.
image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
