I do love a good speculation and right now they are running wild on the bitcoin and crypto sectors. Right now bitcoin hovers around that $95,000 - $100,000 level constantly and we are seeing a good bit of buying happening on the asset from large stake holders showing they clearly believe in the future of the project over dumping it.

In a recent release a 2030 prediction shows bitcoin has the potential to reach at least a 1 million dollar market cap as the near base case and at least $300,000 as the bear case. So just looking at this you would say to yourself bitcoin is a solid play for investment up to 2030 as a $95,000 - $100,000 now today is speculated to be worth at least $300,000 in 2030 just 5 years later.

*This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.

With this chart from ARK we can see the bear, base and bull case for the bitcoin markets and their prediction. And honestly this prediction makes a lot of sense when you look at everything that is going on. So while people might say you need less than 1 bitcoin to be wealthy I honestly feel like you need around 2 to be considered wealth and even that will only land you in the maybe 3 million dollar range which would earn you enough interest to live off of.

The Fed

Another interesting turn of events is that the FED actully spoke out about Bitcoin recently. While at first it seems like the Fed was going to be iffy about it saying straight up that the fed couldn't own any bitcoin which honestly makes sense he later went into more detail on the matter to highlight.

The highlight was that the FED fully supports banks owning and getting involved with the asset and I think it's just a matter of time before banks start to really ape into it. If one bank does it and is every profitable with it then others will follow money is always the name of the game and all these banks, companies and people care about are profits for themselves so always follow that over "they are looking out for me" because truthfully they could care less about you.

SEC

Another area of the government which is seriously changing and I wrote a bit about this in my last article here The meme coin frenzy just got started is that the new head of the SEC says the SEC has no reason to get involved with meme coins. However she also does say that it would fall in line with the job of the CFTC instead so there still would be some form of oversight happening there it just wouldn't be the SEC anymore. Which could either be a good thing or bad thing. A bad thing now that the SEC has a pro crypto stance people in place but doesn't really involve with crypto and instead passed the buck to the CFTC which hopefully will also have a pro crypto stance otherwise we could be in trouble again.

Overall all of this still feels bullish but there's a lot of changes that could end up taking place and many unknowns. We don't know what the findings will be nor the laws, regulations and rules to be passed for around another 6 months. That means if things go well we should start to see pro crypto regulation and laws happening by late 2025 and not any sooner so the crypto world seems to be in this type of pause right now.

Posted Using INLEO