A Fundstrat investor note has said BTC could hit $180,000 before the upcoming block reward halving in April 2024, and an Indian analyst thinks World War III has already begun, expecting the BRICS economic bloc to merge with the Shanghai Cooperation Organization (SCO). In other news, the United States Securities and Exchange Commission (SEC) is seeking permission to file an interlocutory appeal in the SEC v. Ripple case over XRP. This and more just below.
3.2% Inflation in July: U.S. Economy Faces Growing Pressure Amid Rising Costs Bitcoin Price Could Rise to $180,000 by 2024 Halving, Says Fundstrat
In a recent note to investors, Fundstrat has forecasted a potential surge in the price of bitcoin to an astonishing $180,000 before its next block reward halving event in April 2024. The financial services company attributes this projected 521% price hike from current levels to the rising demand, fueled mainly by the anticipated approval of a bitcoin ETF.
Indian Analyst: World War III Already Started, BRICS Could Merge With SCO
The president of a New Delhi-based think tank believes that World War III has already begun. He also anticipates the BRICS economic bloc (Brazil, Russia, India, China, and South Africa) merging with the Shanghai Cooperation Organization (SCO). “A single merged organization will be much more clearer, stronger and grow into very meaningful pole,” he described.
X Will ‘Never’ Launch a Crypto Token, Says Musk
Tech investor Elon Musk said that his social media platform X, formerly Twitter, will never launch its own cryptocurrency token. He made the statement in response to a post by a user of the networking service warning about fake coin projects exploiting Musk’s name and that of the platform.
SEC Seeks to Appeal Ripple-XRP Ruling — Requests Stay of Proceedings
The U.S. Securities and Exchange Commission (SEC) has sent a letter to District Judge Analisa Torres seeking permission to file an interlocutory appeal in the SEC v. Ripple case over XPR. In addition, the securities regulator’s motion will “seek to stay the district court proceedings.”