Eric Wall, chief investment officer of crypto hedge fund Arcane Assets, has offered a $1 million bet that the Bitcoin stock-to-flow model will be proven false before 2025. In a Nov. 12 tweet to his 32,700 followers, Wall laid out the terms of the wager, offering to pay $1 million to anyone who accepts his bet that the stock-to-flow, or S2F, model will be “broken” in less than five years. The CIO stated the definition of “broken” is if the Bitcoin (BTC) price hasn't "reached even 50% of its target range". Although he tagged in S2F model creator PlanB (@100trillionUSD) …

American market research company Forrester recently released its blockchain predictions for 2021. The report reveals interesting findings, noting that 2020 has been an important year for growth in the enterprise blockchain and distributed ledger technology space. Martha Bennett, principal analyst at Forrester and a co-author of the report, told Cointelegraph that the firm’s blockchain predictions are based on inflection points that show definite changes rather than the continuation of trends. For instance, the report predicts that 30% of global projects will make it into production next year. This is partly due to the impact of the COVID-19 pandemic. According to …

The stock-to-flow model is flawed, says Charlie Morris, co-founder and CIO of crypto data firm ByteTree. According to the popular theory developed by quantitative analyst Plan B, Bitcoin’s capped supply is the key feature that will bring its price over $100K in 2021, and beyond. However, as explained by Morris in a recent report, a progressive squeeze of new supply won’t be enough to cause Bitcoin’s appreciation. According to Morris, the stock-to-flow theory doesn’t take into account the decreasing significance that the flow (additional supply) will have compared to the stock (total supply in circulation) on the Bitcoin’s price. Even …

Sam Bankman-Fried, the CEO of Hong Kong-based cryptocurrency derivatives exchange FTX, donated $5.2 million to Joe Biden’s presidential campaign. As the Wall Street Journal reported on Oct. 28, Biden’s presidential campaign received a total of $79.5 million from the top 100 donors describing themselves as CEOs. Bankman-Fried is reportedly the second-largest “CEO-contributor” to the campaign after Michael Bloomberg, a co-founder of the eponymous financial and media company, who donated $56 million. The major contributions by CEOs to both Biden and current president Donald Trump are still only a drop in the bucket. Both campaigns together with their outside backers raised …

The 2020 U.S. presidential election has driven significant action across crypto-powered predictive markets. Ethereum’s co-creator Vitalik Buterin took to Twitter during the counting of votes to praise the success enjoyed by crypto-powered prediction platforms amid the election season, stating: “Regardless of who wins from here, I definitely think that the prediction markets have proven themselves more accurate than the polls/models this time around.” Traditional polls have shown Biden with an eight-point lead since the start of November, but presidential futures tokens have swung wildly in response to events. The election markets on major cryptocurrency derivatives exchange FTX saw wild volatility …

Bitcoin (BTC) has officially beaten a new record as BTC/USD trades above $10,000 for 100 days, and major gains should come next. As voting in the United States’ presidential election ended on Nov. 3, Bitcoin saw a landmark moment of its own — 100 days straight trading in five figures. Bitcoin sees record stretch above $10,000 The achievement is not just impressive as a record for $10,000-plus prices. According to previous data, once Bitcoin trades above these significant price levels for 100 days, BTC/USD swiftly increases by an order of magnitude. As Cointelegraph reported last week, the length of time …

The co-founder and CEO of major cryptocurrency company Abra is clearly bullish on Bitcoin (BTC). In an Oct. 23 tweet, Bill Barhydt, CEO of peer-to-peer payments platform Abra, claimed that he has significantly increased his Bitcoin holdings a few weeks ago. According to the CEO, Bitcoin now accounts for 50% of his total investment portfolio. Barhydt talked about his holdings on an episode of Money Talks. In an Oct. 23 YouTube live stream, Barhydt reiterated his bullish stance on Bitcoin, claiming that “Bitcoin is the single best investment opportunity in the world right now.” The executive said that Bitcoin’s scarcity …

Global digital payment giant PayPal might be moving into issuing its own cryptocurrency after officially entering the crypto industry, according to a major industry exec. Meltem Demirors, CSO at digital asset management firm CoinShares, says that she will not be surprised if PayPal issues its own token after the company broke the news of its soon-to-come support for crypto.. In an Oct. 21 interview with CNBC’s Fast Money, Demirors claimed that PayPal’s supporting crypto could eventually become a basis for launching its own, stating: “I wouldn’t be surprised if, in the next six to 12 months, we see PayPal launching …

Bitcoin (BTC) abandoning correlation with traditional markets will be its “biggest story” if it continues, one popular analyst says. In a series of tweets on Oct. 21, Cole Garner highlighted Bitcoin’s market decoupling among bullish price factors. Garner: Decoupling will be crypto’s “biggest story” Garner retweeted a chart of Bitcoin, gold, the S&P 500 and Ether (ETH), which shows Bitcoin striking out on its own, delivering positive returns while other assets floundered. The chart originated from Eric Wall, CIO of crypto hedge fund Arcane Assets, who described the trend as “unusual.” “BTC’s correlation to traditional markets appears to be unwinding. …

Bitcoin (BTC) hitting $1 million by 2025 is “about right,” Real Vision founder and CEO Raoul Pal has confirmed. In an interview with Stansberry Research last week, Pal, famous for his bullish stance on Bitcoin, said an “enormous wall of money” would flow into the cryptocurrency over the next few years. Pal: Bitcoin in line for “enormous” capital inflows “I think that’s about right, whether it’s five years, six years,” he said when asked about the $1 million target. “We’re going to go through two of these halving cycles, and just from what I know from all of the institutions, …

Bitcoin (BTC) has support to climb all the way to $15,000 if historic trends repeat themselves this year, a new report says. Compiled by crypto index fund provider Stack Funds on Oct. 15, the report highlights Bitcoin’s market cap vs. realized cap ratio (MVRV) fuelling gains, which could smash $12,000 resistance. Report expects “significant break” in MVRV Bitcoin has yet to attempt a breakout of $12,000, seeing rejection at $11,700 this week. This has failed to dent optimism among analysts, who believe that $11,000 will provide solid support. Going forward, however, the period following the United States elections in early …

A bankless world is inevitable due to the “natural evolution of technology,” according to a top executive at multi-billion dollar investment manager, Morgan Creek Capital. The firm’s CEO Mark Yusko believes that a “silent revolution” powered by cryptocurrencies like Bitcoin (BTC) will eventually lead the world to a bankless society. In an Oct. 13 interview with Brazilian Dash-focused YouTube channel Dash Dinheiro Digital, Yusko said that people around the world will, in time, be able to “bank themselves through crypto.” Despite his claims regarding a bankless society, the CEO noted that he does not mean banks will disappear entirely, stating: …