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Eric Semler, chairperson of Semler Scientific, predicted that more companies would adopt the standard because not owning Bitcoin would be seen as "irresponsible". Semler attributed the slow implementation of bitcoin as a reserve asset for public companies to conservative practices by some institutions.
Two-thirds of punters on Kalshi, a prediction market regulated by the U.S. Commodity Futures Trading Commission (CFTC), believe bitcoin will hit an all-time high this year, but less than half believe it will reach $80,000 by the end of 2024.
Regulated prediction market platform Kalshi has won a lawsuit against the CFTC over its ability to create predictions for the US election. Kalshi is understood to operate only in the US and to settle trades in regular US dollars. However, every forecast contract it lists is subject to approval or review by the CFTC.
According to Polymarket data, a centralized prediction market platform, US Vice President Kamala Harris is leading Trump by 6% in the upcoming presidential election.
Matthew Sigel, head of digital asset research at Bitwise, predicts that more than $6 trillion will flow into the cryptocurrency market in the next 20 years, mainly from the huge wealth inherited by young investors in the United States. According to Bank of America research, Gen X and millennials may inherit $84 trillion from the elderly and baby boomers, and they are expected to invest 14% of their assets in cryptocurrencies. Young investors are generally bullish on cryptocurrency...
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