At the TOKEN2049 event in Dubai, Arthur Hayes reaffirmed his forecast that Bitcoin will reach $1 million by 2028, arguing that the Federal Reserve's expansion of liquidity will be a positive factor for cryptocurrencies and the stock market.
According to TheBlock on the 30th (local time), FIFA is launching its own EVM-based blockchain, and BlackRock is promoting the tokenization of money market funds, actively combining traditional finance with blockchain.
Arthur Hayes, Chief Investment Officer (CIO) of cryptocurrency investment firm Maelstrom, stated in his speech that it is "time to make long-term investments in all assets" and that Bitcoin's price will reach $1 million within the next few years. He compared the current market situation to just before the FTX incident in the third quarter of 2022, arguing that the U.S. Federal Reserve is likely to embark on large-scale liquidity supply as it did then. He also mentioned that Federal Reserve Chairman Jerome Powell may be politically at odds with former President Donald Trump and thus hesitant to rescue financial markets.
Meanwhile, FIFA announced the introduction of 'FIFA Blockchain' as a new base for its Non-Fungible Token platform 'FIFA Collect'. This blockchain is compatible with Ethereum Virtual Machine (EVM) wallets such as MetaMask, and existing Algorand and Polygon-based systems will be gradually migrated. This transition is expected to expand fan experience and serve as a foundation for future digital asset strategies.
BlackRock has submitted a plan to the U.S. Securities and Exchange Commission (SEC) to convert a $150 billion Treasury Trust money market fund into blockchain-based distributed ledger technology (DLT) shares. These DLT shares will be issued through BNY Mellon, with an initial minimum investment of $3 million. BlackRock CEO Larry Fink has previously stated that tokenization will become a new standard for asset management.
Additionally, on-chain investigator ZachXBT revealed that the victim of a recent $330 million Bitcoin theft is an elderly American, and entertainment startup Lebul announced that it has secured documentary production rights based on the James Howells case involving $800 million worth of buried Bitcoin.
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