Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News Justin Verrengia

Real Vision CEO Raoul Pal is updating his outlook on Bitcoin after a massive crypto rally amid US banking failures.

Pal says he expects the BTC price will rise to as high as $50,000, in part, from short selling squeezes, as people wrongly bet on the king crypto declining in value.

Pal also disagrees with a recent prediction by former Coinbase chief technology officer Balaji Srinivasan that Bitcoin will hit $1 million in just 90 days.
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Balaji Srinivasan, a venture capitalist and former CTO of Coinbase, claimed that the US economy would enter a phase of hyperinflation in 90 days, catapulting Bitcoin to $ 1 million. 

Balaji, whose crypto venture Earn.com was acquired by Coinbase in 2019, also offered to pay $1 million in BTC to the best 1,000 tweets that alert about stealth financial crisis.
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Former Coinbase chief technology officer Balaji Srinivasan has made a $2,000,000 bet on the Bitcoin price over the next 90 days, predicting the king crypto (BTC) will reach $1 million by June 17. 

"I am moving $2M into USDC for the bet. I will do it with Medlock and one other person, sufficient to prove the point. See my next tweet. Everyone else should just go buy Bitcoin, as it’ll be much cheaper for you than locking one up for 90 days."
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Balaji S. Srinivasan, former CTO of the Coinbase crypto exchange bets his net worth that the Bitcoin price will breach $1 million per BTC in the next 90 days.

"I will take that bet.
You buy 1 BTC.
I will send $1M USD.
This is ~40:1 odds as 1 BTC is worth ~$26k.
The term is 90 days.
All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation.
If someone knows how to do this with a smart contract, we can do it on chain, so I can send USDC.
If you won't do that, name a custodian."
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The financial giant Fidelity Investments will now allow millions of customers to trade and buy Bitcoin (BTC) through the broker. The Fidelity Crypto platform, first opened to a waitlist in November 2022, is now available to the public, as of yesterday.

Customers are able to buy and sell Bitcoin, although they will not be able to transfer it to a self-custody wallet where the user controls their private keys. During the launch of the waitlist, there was mention of this ability to come later, but no detail or roadmap has been provided beyond that.
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A crypto analyst who bucked the trend and bought Bitcoin (BTC) at its lows late last year is updating his outlook on the cryptocurrency markets.

The pseudonymous trader, who goes by the name DonAlt, says Bitcoin now has a sustainable, real narrative amid the backdrop of failing banks in the US and abroad.

DonAlt says he’s not done buying, and a BTC breakout to $100,000 is his target.
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