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Crypto Market News: Balaji Srinivasan, widespread investor and the previous Chief Technology Officer of Coinbase, is once more within the information for his aggressive Bitcoin prediction. Earlier, the investor grew to become a sensation along with his guess over Bitcoin worth reaching $1 million inside 90 days. He made the prediction in March 2023, solely to finish up prematurely closing out the guess by paying $1.5 million within the first week of May 2023, accepting his loss. Meanwhile, the crypto market has been witnessing a worth correction part because the US Fed’s fee hike uncertainty stays.

Also Read: XRP News: SEC Could Still Win Ripple Lawsuit Says Former Ripple Executive

In a modern US President Joe Biden on Sunday mentioned he is not going to conform to a debt deal that will shield crypto merchants. On the opposite facet, the US regulators, particularly the U.S. Securities and Exchange Commission (SEC), proceed the assault on crypto companies, at the same time as the shortage of readability round crypto commerce stays. Hence, it is sensible that within the lead as much as the US Presidential Election 2024, the talk round crypto regulation and the Web 3.0 house heats up among the many US lawmakers.

Balaji Predicts Bitcoin Led US Presidential Election

Speaking on the G7 Summit on Sunday, Biden said he was not going to conform to a (debt) deal that protects rich tax cheats and crypto merchants whereas placing meals assistants in danger. This sparked a debate round crypto changing into a degree of rivalry within the US election yr. Balaji tweeted,

If 2016 was the primary Twitter election, 2024 would be the first Bitcoin election.

The former Coinbase CTO additionally mentioned the election may be threatened by ‘deep fakes’ however he was undecided of a debate across the synthetic intelligence revolution within the expertise house.

Also Read: MetaMask New Terms Goes Viral As It Can Withhold Consumer Funds To Pay Taxes

Anvesh studies main developments round crypto adoption and buying and selling alternatives. Having been related to the trade since 2016, he’s now a robust advocate of decentralized applied sciences. Anvesh is at the moment based mostly in India. Reach out to him at anvesh@coingape.com.

The introduced content material might embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.