Bitcoin News and Finance: What You Need to Know

Britain’s Economic Secretary to the Treasury Andrew Griffith MP has reaffirmed the government’s ambition to make the U.K. a global hub for crypto asset technologies. He stressed that in order to realize this ambition, “we must make the U.K. a place where cryptoasset firms have the clarity needed to invest and innovate, and where customers have the protections necessary for confidently using these technologies.” U.K. Aspires to Become Global Crypto Hub Andrew Griffith MP, Economic Secretary to the Treasury, has reaffirmed the British government’s commitment to make the U.K. a global crypto hub. In the forward of HM Treasury’s response to the consultation and call for evidence regarding the future financial services regulatory regime for crypto assets, published this week, Griffith wrote: “I am very pleased to present these final proposals for cryptoasset regulation in the U.K. on behalf of the government.” He emphasized: The government’s ambition to make the U.K. a global hub for...

U.S. Senator Rand Paul has cautioned that the government’s “out-of-control spending” is threatening the very existence of the U.S. dollar and even the country. Commenting on the government spending billions of dollars to help multiple countries, Paul warned: “They’ll bankrupt our country in sending money everywhere all over the planet.” Senator Rand Paul’s USD and Economic Warnings U.S. Senator Rand Paul (R-KY) expressed concerns during an interview on Fox News, released on Sunday, about the potential economic impact of the U.S. government spending billions of dollars in aid to multiple countries simultaneously. Replying to a question about whether the conflicts in Ukraine and Israel are related, Senator Paul stressed: I would only say they are only related in the sense that they’ll bankrupt our country in sending money everywhere all over the planet. “It is probably the greatest threat to our national security if that’s what we are thinking that we’re supposed to do … to prote...

Global asset management firm Alliance Bernstein expects the price of bitcoin to reach $150,000 by 2025. The firm’s analyst has predicted “imminent” approvals of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), including those by leadi ng asset management companies like Blackrock and Fidelity. Alliance Bernstein: Bitcoin Could Hit $150K in 2025 Global asset management firm Alliance Bernstein expects the price of bitcoin to reach $150,000 by 2025, the firm’s senior analyst specializing in digital assets, Gautam Chhugani, wrote in a note Tuesday. This prediction is driven by optimism that the U.S. Securities and Exchange Commission (SEC) will soon approve spot bitcoin exchange-traded funds (ETFs). “You may not like bitcoin as much as we do, but a dispassionate view of bitcoin as a commodity suggests a turn of the cycle,” the Bernstein analyst stated , elaborating: A good idea is only as good as its timing — SEC approved ETFs by world’s...

Renowned billionaire hedge fund manager Stanley Druckenmiller says he doesn’t own any bitcoin but he should. He sees the crypto as a brand. When comparing bitcoin to gold, he said: “It’s clear that the young people look at it as a store of value because it’s a lot easier to do stuff with.” Stan Druckenmiller Says He Should Own Bitcoin Billionaire investor Stanley Druckenmiller discussed bitcoin investing with fellow hedge fund manager Paul Tudor Jones during a fireside chat at the JPMorgan/Robin Hood Investors Conference in New York City on Oct. 24. Druckenmiller is the chairman and CEO of Duquesne Family Office LLC. He was previously a managing director at Soros Fund Management where he had overall responsibility for funds with a peak asset value of $22 billion. According to Forbes’ list of billionaires, his personal net worth is currently $6.4 billion. When asked about gold and bitcoin, Druckenmiller said: “I’m 70 years old. I own gold.” Emphasizing that he likes both gold and bi...