Despite tariffs, inflation rates, and other economic factors, bitcoin has remained resilient within the high $90,000 range this week.
It peaked at $98,000 and is currently hovering around $95,000. A win is a win.
Pro-crypto leader Brian Quintenz named CFTC chair
The nomination of Brian Quintenz as Chairman of the Commodity Futures Trading Commission (CFTC) signals another major win for pro-crypto leadership in Washington.
A respected bipartisan figure with deep industry ties, Quintenz has championed regulatory clarity and innovation, positioning the U.S. to lead in digital asset technology.
"The CFTC plays a critical role in maintaining robust hedging and price discovery markets... and ensuring the USA leads the world in blockchain technology and innovation," he stated, highlighting his commitment to fostering a dynamic and forward-thinking approach to digital assets.
Fed signals shift toward pro-crypto stance
Federal Reserve leaders are gradually shifting their stance on digital assets, signaling a more open approach to cryptocurrency and innovation.
Chair Jerome Powell reaffirmed that the Fed will not pursue a central bank digital currency (CBDC), instead prioritizing private-sector solutions and expanding the 24-hour FedNow system.
Meanwhile, Fed Governor Michelle Bowman criticized regulators’ hostility toward digital assets, warning that unclear policies and excessive oversight have stifled innovation in the banking sector.
She urged regulators to balance risk assessment with fostering innovation, reflecting a slow but notable evolution in the Fed’s approach to digital finance.
ARK Invest CEO: Bitcoin could hit $1.5m by 2030
ARK Invest CEO Cathie Wood predicts a $1.5 million bitcoin price target by 2030.
Her bright outlook is fueled by rising institutional adoption. As major investors recognize bitcoin’s unique risk-return profile, demand is surging, potentially setting the stage for explosive long-term growth.
With only 2.5 million bitcoin left on exchanges and institutional capital flowing in, bitcoin’s trajectory toward this ambitious milestone appears increasingly realistic.