In this week’s succinct roundup of Bitcoin.com News’ top stories, a new Finder survey flips previous predictions for Ethereum’s value by a notch, with crypto consultants predicting long-term cost declines for the asset. Additionally, India is calling on G20 countries to integrate cryptocurrencies as part of the “Computerized Alternate of Data”, billionaire Thomas Peterffy looks at the long-term funding and legality of bitcoin, and the chairman of SEC Gary Gensler clarifies US securities watchdog’s strategy on crypto regulation.
Finder Consultants Predict Ethereum Drop To $675 – Long-Time ETH Prediction Cut Significantly
A panel of “business consultants” predicted that Ethereum would retreat to $675 before the end of the year. They have “significantly reduced” their Ether forecast since the start of 2022 and currently expect the value of the cryptocurrency to end the year at $1,711 before reaching $5,739 by 2025. and $14,412 by 2030.
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India calls on G20 to integrate crypto into global framework of ‘computerized data alternatives’
India’s Finance Minister has called on G20 countries to transport crypto under “Electronic Data Interchange”. More than 100 international sites have adopted Frequent Common Reporting under the framework.
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Billionaire Thomas Peterffy Considers Buying Bitcoin Regardless of Considerations BTC Could “Become Void or Banned”
Billionaire Thomas Peterffy, founding father of Interactive Brokers, said he plans to buy additional bitcoins if the value of the cryptocurrency reaches $12,000. Nevertheless, he remains implicated that bitcoin could “turn out to be insignificant or banned.”
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Gary Gensler Outlines What to Expect from the SEC on US Crypto Regulation
US Securities and Alternate Fee (SEC) Chairman Gary Gensler explained what to expect from the securities watchdog on crypto regulation. “We also have strong powers from Congress to use our exemption powers which we can tailor for investor security,” he explained.
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What’s your take on Bitcoin.com News’ top stories this week? Be sure to tell us in the comments section below.
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