Bitcoin has dipped due to profit-taking and less hype around ETFs, but experts believe it has growth potential. ETFs have brought in billions, indicating strong demand. Bitcoin could rise to between $170,000 and $340,000 over time due to factors like inflation protection. Experts also note Bitcoin's potential to decouple from risky assets, as it has shown resilience despite market downturns.
Bitcoin has surged, with Ether and Solana also rising. However, volatility remains. The trial against Terraform Labs founder Do Kwon is underway, and Binance escaped custody in Nigeria over tax charges. FTX sold its stake in AI startup Anthropic. A Fidelity expert expressed optimism about Bitcoin's future, citing positive impacts from ETFs and the upcoming halving. Institutional adoption is increasing, with companies recognizing the value of Bitcoin as a hedge against inflation.
An AI startup called Anthropic is selling an $1 billion stake. Investors, especially wealthy nations, are eager to buy in, but Anthropic has rejected Saudi Arabian money due to national security concerns. The startup's technology has potential dual-use applications, which has raised alarms about the potential misuse of the technology by hostile nations.
