The FASB's recent accounting rule revisions are poised to provide a more favorable outlook for companies holding digital assets, helping them mitigate the unfavorable optics generated by impairment losses, as stated in the report.
John Rizzo explains that in light of the fintech giant's PYUSD announcement, Democratic policymakers are undergoing a reconsideration of their position on stablecoins. Let's delve into the reasons behind this shift.
The service was launched in March of the previous year with the aim of preparing traditional financial institutions to 'crypto-ready.'
When this process gets far enough, bitcoin will skyrocket. According to Willy Woo, this will happen in late October or early November. Another analyst, PlanB, gives a similar assessment of the bitcoin’s dynamics.
This is after the crypto coin spent multiple months around $60,000 value per coin. Yes, but: Bitcoin could soon double in value to reach $75,000 per coin as more people embrace it, Guido Buehler, the CEO of Swiss bank Seba, told CNBC. “We believe the price is going up,” he told CNBC. “Our internal valuation models indicate a price right now between $50,000 and $75,000.”.
They included crypto asset managers and cryptanalysts, predicted the price of Bitcoin in 2025. The panelists predicted that the price of Bitcoin would be $318,417 by December 2025 and rise to $4,287,591 by December 2030.
In addition, according to PlanB, Bitcoin (BTC) will reach a $100k average price in two years. PlanB believes the price of BTC will reach $100,000 in the near future. Investors, on the other hand, will have to wait at least two years to see a major rally. According to the graph, the next halving will occur in mid-2024.
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