Michael Saylor: "Unprecedented" Demand Will Boost Bitcoin BTC by 10 Times

According to non small data, the Bitcoin ahr999 fixed investment index is currently at 0.6620

According to non small data, the Bitcoin ahr999 fixed investment index is currently at 0.6620. Within the fixed investment line, the bottom reading range is within 0.45, and the fixed investment range is between 0.45 and 1.2. The current 200 day fixed investment cost is $28271. If you want to huddle together for warmth, or if you have any doubts, Guan Zhugong's important account is: you want soft rice and hard food.

Michael Saylor: "Unprecedented" Demand Will Boost Bitcoin by 10 Times

Michael Saylor, co-founder of MicroStrategy, told CNBC that he believes Bitcoin will soon experience the largest price increase in modern financial history. Firstly, the "halving" event will occur in April next year,

At that time, the Bitcoin mining rewards will be reduced by 50%, significantly reducing the number of Bitcoins sold by miners. Secondly, the first spot Bitcoin ETF is likely to be approved before Christmas, opening up cryptocurrencies for more mainstream investments.

Saylor said, "You will see the annual $12 billion sell-off decrease to a natural $6 billion sell-off, while products such as spot Bitcoin ETFs have increased demand for Bitcoin. That's why we are all quite optimistic about the next 12 months: demand will increase and supply will contract, which is unprecedented in Wall Street history.

When Wall Street's banks and responsible custodians manage Bitcoin, the entire industry will shift away from the counterfeit coins that distract attention and destroy shareholder value, and the encryption industry will move to a new level where Bitcoin will be 10 times higher than it is now

CathieWood: Bitcoin is' digital gold 'and can serve as an inflation hedge tool

Cathie Wood stated that she will place a clear bet on Bitcoin, rather than gold or cash, to prevent the possibility of deflation over the next decade. In addition, CathieWood believes that Bitcoin can hedge against inflation and deflation because there is no counterparty risk and institutions are hardly involved, making it digital gold.

Klaytn will build a RWA tokenization support system, with a current focus on gold and real estate tokenization

Klaytn stated in a post that a Real World Asset (RWA) tokenization support system will be constructed, covering product development, token issuance, asset storage, and trading. Klaytn will establish a new token standard that includes the functions required for asset tokenization.

Klaytn will also strengthen important ecosystem elements such as hosting, KYC, oracle machines, and trading platforms, and collaborate with business and legal consulting experts to ensure compliance requirements are met. The Klaytn Foundation will develop a series of RWA applications both currently and in the future, with a focus on gold tokenization and real estate tokenization.

Creder, a subsidiary of KoreaGoldExchange, will convert physical gold tokens into GPC for on chain trading on Klaytn. GPC will be launched on DEX, and users worldwide can purchase and utilize GPC to earn revenue in the DeFi protocol. The loan agreement ELYSIA will provide various RWA based synthetic products, including real estate mortgage bonds, e-commerce accounts receivable, and real estate project financing.

Amber Group: At present, the proportion of virtual asset investment in family offices is less than 1%, and there is still room for improvement in the future

Amber Group executive partner Annabelle Huang pointed out that at present, the proportion of virtual asset investment in family offices may be less than 1%, and there is still room for improvement in the future. However, during the interest rate hike cycle, investors have more high return investment options, such as private equity bonds or specific markets, with returns of up to 10% to 20%. Therefore, the industry should consider the true value of virtual assets.

Annabelle Huang stated that investors have fully witnessed the volatility of the market in the past 15 years, especially in the past two years, so they still face many issues in terms of asset safety. She pointed out that Amber Group is customizing different structures for family office clients, assisting them in accumulating virtual assets and ensuring asset security.

Joint Operations Director of the Hong Kong Stock Exchange: Hong Kong is an innovator in virtual asset regulation, with over 280 companies in the new economy sector raising over 900 billion yuan

At the forum of Financial Technology Week, Hong Kong has always been regarded as an innovator in virtual asset regulation, and emphasized that Hong Kong has a transparent and clear legal and regulatory system,

To support industry development and protect the interests of investors, ensure that citizens fully understand the risks and benefits of products when making investment decisions, and empower the market, investors, and issuers, he revealed that since the listing and reform of the new economy sector, more than 280 companies have come to Hong Kong for listing, raising over 900 billion yuan

The 2024 Hong Kong Web3 Carnival will be held from April 6th to 9th next year at the Hong Kong Convention and Exhibition Center

On November 3rd, Xiao Feng, Chairman of Wanxiang Blockchain and Chairman and CEO of HashKeyGroup, officially announced on FintechWeek in Hong Kong that the "2024 Hong Kong Web3 Carnival", co hosted by Wanxiang Blockchain Laboratory and HashKeyGroup, and organized by W3ME, will be held at the Hong Kong Convention and Exhibition Center 3FG from April 6th to 9th, 2024.

The first Hong Kong Web3 Carnival was held from April 12 to 15, 2023 at the Hong Kong Convention and Exhibition Center. As one of the largest Web3 events in the world, there were nearly 200 surrounding events during the carnival, with a cumulative number of offline participants exceeding 50000. It attracted over 300 globally influential speakers and over 100 popular projects, earning it the reputation of a milestone event in the development history of Hong Kong's Web3 industry.

Prosecutor: SBF's conviction is a "warning" to cryptocurrency violators

Damian Williams, the government's chief prosecutor responsible for overseeing the SBF case, stated at the court gate on Thursday evening that the SBF's conviction is a "warning" to cryptocurrency violators. Williams stated that federal agents and lawyers have handcuffed all fraudsters and fraudsters.

In addition, Williams stated, "The cryptocurrency industry may be new, and participants like SBF may be new. But this kind of fraud and corruption has a long history

The US Department of Justice has seized and confiscated $54 million worth of cryptocurrency from drug trafficking gangs

According to a statement released by the US Department of Justice, federal law enforcement agencies have seized and confiscated $54 million worth of cryptocurrency from drug gang leaders in New Jersey.

According to federal officials, officials found these funds in encrypted wallets belonging to convicted drug dealer Christopher Castelluzzo and his accomplices, which were money laundering proceeds from the gang's cocaine and specialty drug trafficking operations between 2010 and 2015. Castelluzzo is currently sentenced to 20 years in prison by both federal and state prisons for drug trafficking.

Representative of the United States: The SEC's crackdown on the encryption industry is one of the things the agency did "right"

U.S. Representative Brad Sherman (Democrat from California) stated at a congressional hearing that the SEC's crackdown on the encryption industry was one of the things the agency "did right".

Sherman cited untrustworthy data on cryptocurrency financing of terrorist organizations during the hearing, stating that "approximately $130 million in cryptocurrency has flowed into Hamas and Palestinian Islamic Jihad" (this data has been proven incorrect by encryption analysis company Elliptic),

He stated that these assets "aim to become the perfect means of hiding funds, hence the term cryptocurrency, allowing the world's worst actors to fall into it

Strike launches new features such as direct deposit, wire transfer, and bank card payment

Strike, a lightning payment application, announced the launch of new features such as direct deposit, wire transfer, and bank card payment. Specifically, it includes:

1. Support wire transfer, allowing Strike customers to transfer unlimited funds and purchase any number of Bitcoins, all of which can be immediately withdrawn;

2. Direct deposit allows users to receive any portion of their salary paid in Bitcoin through Strike;

3. Expanded support for payment methods, including debit cards and enhanced bank connection support;

4. Some customers can use Strike and its associated payment methods together, eliminating the need to pay a deposit first. They can use debit cards for flash payments, and use bank accounts to send Bitcoin to cold wallets.

Michael Saylor: MicroStrategy stocks have an advantage over spot Bitcoin ETFs

Michael Saylor, founder of MicroStrategy, stated that MicroStrategy stocks have an advantage over the planned spot Bitcoin ETFs. Although some types of investors may prefer Bitcoin ETFs, MicroStrategy stocks provide a way to gain exposure to Bitcoin and have benefits that such funds cannot provide.

Saylor pointed out that although spot Bitcoin ETFs will become an important milestone for institutions adopting Bitcoin as an asset class, they will only "supplement" other access points for Bitcoin, one of which is MicroStrategy stock, which has become a Bitcoin proxy for many investors as it is the largest listed company holder of Bitcoin.