Top Stories of The Week
Bitcoin will not fall to $60K with no ‘threats in the near-term’ — Michael Saylor
MicroStrategy founder and Bitcoin bull Michael Saylor has ruled out the chances of Bitcoin retracing to $60,000 — a crucial price level for the majority of 2024.
“I don’t think it is going to $60,000, it is not going to $30,000, I think it is going to go up from here,” Saylor told CNBC on Nov. 14. Bitcoin is trading around $87,790, according to CoinMarketCap.
He said Donald Trump’s win “very decidedly” settled the future of crypto and Bitcoin in the United States, adding, “I don’t really see any threats on the near-term horizon.”
“I’m planning the $100,000 party,” Saylor said. “I’m thinking it’s probably going to be New Year’s Eve at my house, so I would be surprised if we don’t go through $100,000 in November or December.”
NY prosecutor suggests office will scale back crypto cases
A prosecutor with the United States Attorney’s Office for the Southern District of New York (SDNY) has suggested that authorities are devoting fewer resources to bringing cases involving cryptocurrency-related crimes.
Speaking at the Practicing Law Institute’s 56th Annual Institute on Securities Regulation on Nov. 15, Scott Hartman reportedly said there would not be “as much crypto stuff coming out of at least the SDNY in the future.” Hartman, the co-chief of the Securities and Commodities Fraud Task Force at SDNY, hinted that many of its criminal cases against high-profile executives like former FTX CEO Sam Bankman-Fried were filed in response to the crypto market downturn of 2022.
“We brought a lot of big cases in the wake of the crypto winter,” said Hartman. “There were a lot of important fraud cases to bring there, but we know our regulatory partners are very active in this space.”
Bitcoin to hit ‘repeated all-time highs’ over next 2 quarters:…
..
