Those of us around from the early days of crypto will recall how incredibly validating it felt when one of the giants of establishment finance would say something encouraging. In 2020, for example, Modern Consensus ran a story headlined “Bitcoin stabilizes above $15K after Stanley Druckenmiller says he owns BTC.” To have an eminence grise like Druckenmiller give his imprimatur felt like the velvet ropes were starting to crack open. Yesterday, that same voice invited crypto fully into the club. “I assume our whole payment systems will be stablecoins in 10 or 15 years,” Druckenmiller remarked in an interview with Iliana Bouzali (about the 3:40 mark). The interview was taped…
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Crypto users break 100 million worldwide
A sharp increase to 106 million from the 66 million found in a study last May by Crypto.com can be attributed to PayPal, DeFi, and institutional investors
According to Crypto.com, this growth is largely driven by strong Bitcoin adoption which was a 15.7% increase. Other factors that seem to have driven the sharp upturn in adoption include the huge growth of decentralized finance (DeFi) since last summer, PayPal’s decision to enable customers to hold bitcoin, and the massive institutional adoption of cryptocurrencies by mainstream companies and highly regarded investors like Stanley Druckenmiller.
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Bitcoin likely to go ‘considerably higher’: Investing star Bill Miller
A day after calling bitcoin ‘rat poison’ for cash Miller said that the cryptocurrency ‘gets less risky the higher it goes’
When an interviewer asked Miller if he is as excited about the coin as he was in early November, when it was worth under $15,000, he answered, “absolutely. One of the things that’s interesting about Bitcoin is that it gets less risky the higher it goes, and that’s the opposite of what happens with most stocks.”
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Bitcoin hits $40,000—briefly
The first cryptocurrency made it past a psychologically powerful barrier on the heels of a weakening dollar and growing acceptance by mainstream investors and financial institutions
Bitcoin briefly cracked $40,000 on Jan. 7, reaching a new all-time-high of $40,180.15 at 1:21 p.m. EST according to CoinGecko. It then plummeted nearly $3,000 before jumping back to its current $39,200.
