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Saylor Disputes Stablecoin Competition View as Wood Cuts Bitcoin Target to $1.2M
Strategy founder Michael Saylor rejected the argument that stablecoins compete with Bitcoin after ARK Invest CEO Cathie Wood revised her 2030 Bitcoin price forecast. Wood lowered her projection from $1.5 million to $1.2 million on November 6, citing stablecoin adoption in hyperinflation-affected emerging markets. Saylor countered that Bitcoin serves as digital capital while stablecoins function within transactional finance, describing them as complementary rather than competitive.
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BTC+2.38%
1d atrás
1d atrás
Bitcoin Falls to $83,000–$84,000 Support Zone as Privacy Push and Mining Probe Unfold
Bitcoin has declined into the $83,000–$84,000 demand zone, an area that supported recoveries in March and June. The Winklevoss twins raised $100 million through their digital asset treasury Cypherpunk to acquire up to 5% of Zcash's supply, emphasizing privacy-focused assets. Bitmain, the world's largest mining hardware producer, faces a U.S. national-security investigation examining potential risks tied to its ASIC equipment.
BTC
BTC+2.38%
1d atrás