Crypto influencer and analyst BitBoy Crypto believes that Bitcoin's price could double if the $5 trillion on the sidelines of the market is invested in the crypto space. He states that even if only 20% of the cash flows into cryptocurrencies, it would lead to a significant price increase in Bitcoin and other digital assets.

As more investors pour money into cryptocurrencies, it would invite even more money, creating a pump and ultimately causing the price to go up. If Bitcoin's price begins to go up, it would encourage more people to invest in the asset, creating a bullish trend.

What do you think about this?

Bitcoin (BTC) has maintained its upward trend, trading at around $28,000 on Friday. With the traditional banking system undergoing upheaval, Bitcoin's recent surge in buying pressure has attracted a significant inflow of cash, giving the asset an upward momentum and increasing its rank among investment products. The current upward movement, which saw Bitcoin surpass $28,000 this week for the first time in nine months, is believed to be backed by strong conviction from investors.

However, at the time of writing, Bitcoin has dipped more than two percent in the last 24 hours, currently trading at the $27,698 level. Despite the short-term drop, the overall trend remains bullish, and analysts are optimistic about Bitcoin's future performance as institutional adoption and mainstream acceptance continue to grow.

It's no secret that the world of finance has been going through some major changes lately. People are moving their money out of traditional fiat currencies and into Bitcoin and other cryptocurrencies. And as a result, even big banks are feeling the pressure.

Some banks have even started to limit the amount of money that can be transferred to crypto exchanges, as they try to hold onto their share of the market. But despite all of this, Bitcoin's value just keeps going up and up. As of Friday, it was trading at around $28.2k, which is a 70% increase from the beginning of the year, according to TradingView market data.

And it's not just Bitcoin - Ethereum, the second-largest cryptocurrency, has also seen a significant gain of 51% since the start of the year. It's clear that the world of finance is changing, and cryptocurrencies are playing a big role in that. What do you think about all of this? Are you invested in cryptocurrencies, or are you sticking with traditional forms of currency for now?

Read more on Coinpedia

Have you been keeping an eye on the roller coaster ride of Bitcoin prices? After reaching a record high of around $28.6k, the cryptocurrency's volatility has taken a brief hiatus in the past four days. However, don't get too comfortable, as analysts predict that this peaceful period could be short-lived. With the Federal Open Market Committee (FOMC) preparing to release its third interest rates update of the year, a spike in Bitcoin's volatility could be just around the corner.

As the crypto market continues to mature, it's clear that traditional economic factors such as interest rates and inflation have a significant impact on the prices of digital assets like Bitcoin. So, what do you think will happen to Bitcoin's value in the coming days? Will the FOMC announcement cause a surge or a dip in its price? It's tough to predict the future, but one thing is for sure: the crypto world is never short on surprises!

In a shocking turn of events, crypto entrepreneur Justin Sun and eight famous personalities have been charged with promoting unregistered cryptocurrency securities and committing fraud. The Securities and Exchange Commission (SEC) has accused Sun and his companies of engaging in illegal activities such as market manipulation, secret payments to celebrities without disclosure, and illicit earnings worth millions of dollars.

This latest revelation highlights the need for investors to exercise caution and conduct thorough research before investing in any cryptocurrency. With the crypto market being highly volatile, it's crucial to be aware of potential risks and scams. As more and more people flock to the world of digital currencies, it's vital to stay informed and make wise investment decisions. The SEC's actions demonstrate their commitment to protecting investors from fraudulent activities in the crypto industry, and investors should take this as a reminder to stay vigilant and seek out reliable sources of information.

What's your opinion on this?

What's your price prediction for #Bitcoin by the end of this week?
 

Big news from Taiwan: the country's top financial regulator has been announced as the main body to oversee the crypto industry in the country. This move comes as many crypto companies and exchanges are calling for more clarity and friendlier regulations in the country.

The Financial Supervisory Commission (FSC) will oversee crypto payments and transactions initially, and the official announcement on naming the financial regulator as the crypto regulatory body could come as early as the end of March. The FSC is also working with industry representatives on "self-regulation measures."

However, NFTs or "non-fungible tokens" will not come under its crypto regulatory oversight as they are still emerging as an asset class and would be regulated later if required.

It's worth noting that Taiwan had previously taken a strict approach towards crypto, banning credit card use for crypto purchases last year due to risks associated with virtual assets. But with increased crypto activity in the country after China's crypto crackdown in 2021, the demand for clearer regulations and oversight has grown.

Many crypto companies, including Binance Holdings, Matrixport Technologies, and Woo Network LLC, sent a joint paper urging regulators for more friendly regulation that provides clarity for companies operating in Taiwan. They argue that unclear rules and categorizations can make it confusing for business operators, authorities, and customers.

The FSC's Banking Bureau is working on regulatory changes and consulting with crypto exchange operators on crypto regulations. Crypto exchanges providing virtual asset trading services will be the first to be regulated under the FSC.

It will be interesting to see how Taiwan's approach towards crypto regulation evolves in the coming months, especially as other countries in the region are taking active stances towards regulating the industry. Singapore proposed tighter rules on retail crypto trading, while Hong Kong aims to become a crypto hub with crypto-friendly regulations.

What are your thoughts on Taiwan's move to increase oversight on the crypto industry? Do you think clearer regulations and oversight will help the industry grow and thrive in the country?

Let me know in the comments below!

After a few weeks of bearish trends, Bitcoin is back in the green! The price of the world's most popular cryptocurrency hit a nine-month high of around $28,440 last week. And it's not just Bitcoin that's seeing a surge in prices. Ethereum and Binance Coin have also increased by over 11% and 15%, respectively, in the past week.

So, what's driving this bullish sentiment in the crypto market? Well, it turns out that the global banking sector is currently experiencing a meltdown, leading to rising inflation. This has caused investors to turn to Bitcoin as a potential hedge against inflation.

The recent news of Credit Suisse being saved through government intervention has further boosted investors' confidence in Bitcoin's capabilities to fight inflation. Chairman of the Board of Directors of Credit Suisse, Axel P. Lehmann, stated that the UBS merger was the best outcome for all stakeholders at the moment. On the other hand, UBS Chairman Colm Kelleher said that the acquisition would help advance the company's agenda and save the financial markets from further catastrophic losses.

As long as the $25k macro downtrend breakout holds in the monthly close, popular crypto analyst Rekt Capital believes that Bitcoin's bullish sentiment will hold. If this happens, we can expect a spike in cash flow to altcoins in the coming weeks.

What's particularly interesting is that the rising Bitcoin trajectory has rejuvenated hopes of reaching $30k before hitting $10k again in the near term. This is great news for those who are holding Bitcoin and hoping for a profitable return on their investment.

But what about those who are looking for new investment opportunities? Well, there are many altcoins that are worth keeping an eye on. According to Bitboy Crypto, Singularity DAO and Fetch.ai are two top AI coins to watch. Singularity DAO is particularly interesting as it aims to empower developers and researchers to build AI applications that are transparent, decentralized, and accessible to everyone.

Overall, the potential of AI in crypto is not limited to these projects alone. Many other projects are also working on integrating AI into their networks, such as Ocean Protocol, Numeraire, and Iexec RLC. It's exciting to see the increasing role of AI in the cryptocurrency space and the potential it holds for the future.

In conclusion, the recent surge in Bitcoin's price is a positive sign for the crypto market. As long as the $25k macro downtrend breakout holds, we can expect more bullish sentiment in the coming weeks. And with the rise of AI coins, there are plenty of investment opportunities to explore beyond Bitcoin.

At the time of writing, BTC is trading at an all-time high of $28K. While this rally has experienced a few downtrends, the question on everyone's mind is whether it will continue to run for a long time.

What do you think?