Tech
Why one expert believes Bitcoin is the best savings technology ever
Bitcoin (BTC-USD) had a breakthrough year in 2024, recovering from a long crisis due to the Securities and Exchange Commission (SEC) approval of spot bitcoin ETF products. Now, the crypto community is closely watching the SEC’s next pending decision: the approval of an ether spot ETF tied to ethereum futures (ETH-USD).
Raphael Zagury, Chief Investment Officer at Swan Bitcoin, joins Market Domination Overtime to discuss the outlook on these major cryptocurrencies, including what the 2024 US presidential race could mean for the cryptocurrency sector and the likelihood of an ether ETF.
“If you look at where we are right now in terms of volatility, volatility is pretty low. We’re in the 5%, I would say bottom decile in terms of volatility,” Zagury says. “And I think the good news, if the past is any indication of what might happen in the future, is that periods of very low volatility in bitcoin tend to have periods of offside returns, if you look 60, 90 days ahead . But short term, many things can happen in the short term, traders control the price…”
For more expert insights and the latest market action, click Here to watch this full episode of Market Domination Overtime.
This post was written by Luke Carberry Mogan.
Video transcription
The microstrategy goes further with Bitcoin with plans to purchase an additional $786 million in the cryptocurrency.
And while Bitcoin has reaped the benefits from this year’s launch of the Bitcoin ETF spot ETF, cryptocurrency investors are already eyeing the next milestone for the market with the Ethereum spot ETF.
Maybe they should be approved this summer here to discuss in more depth.
Swan Bitcoin, Chief Investment Officer Rafael Zaguri, on top of all that, we were just talking about politics.
There has been a flurry of lobbying activity in Washington regarding the cryptocurrency industry.
That said, we haven’t seen a lot of fireworks on the price action front lately.
Raffaello.
So what should investors look for there?
Yes, thanks for having me, Julie.
It’s great to be here.
I think first of all, when we talk about the double haters, as I was listening to the topic, I think cryptocurrencies are becoming a topic that could influence.
Lots of double haters.
I think a lot of people are unfortunately losing a lot of faith in the system over the last few decades.
And when you have a team like that and we have politicians jumping on one side, maybe they, they’ll move some double haters but going back to the price, which is what you mentioned, the price of Bitcoin has been very stable, I think over the years, in the, you know, if you look at the last month or so, this is nothing new.
The story continues
This has happened in the past.
If you actually look at the price of Bitcoin, the way it moves, it tends to be most of the time, you know, its lateral movements are down.
And then most of the upside is actually captured in very short periods of time, right?
And I always say that’s why it’s an asset that’s very difficult to hold long term.
Uh because most of the time they’re going to endure pain, it’s weeks and months of pain, you know, for glory days, that’s the typical Bitcoin trajectory just goes back to the numbers.
If you look at where we are right now, in terms of volatility, volatility is quite low, 5% I would say the bottom decile in terms of volatility.
And I think the good news, if the past is any indication of what might happen in the future, is that periods of very low volatility in Bitcoin tend to have periods of offside returns if you look 6090 days into the future, right?
But in the short term, a lot can happen in the short term.
Traders control the price.
And I think it’s increasingly important for us to get smaller.
Look, go back to the fundamentals and then think about where Bitcoin could be.
Not in 90 days, 60 days, but in 5, 10 years, because as an asset, this is what we should be thinking about for Bitcoin, I’m interested, Rafael even when you talk to friends and family and they ask you what, why you should own cryptocurrencies here?
I’m interested in, you know, what are the reasons why you tell him?
Because I, I feel like maybe the story has changed, you know, it used to be, I think so, the idealistic Rafael, you know, at least among true believers it was really thought of as this paradigm shift.
Um, I was wondering if you think that’s still the case or if you tell him?
It is a store of value.
It’s a means of exchange.
What are the reasons?
Yes, Josh, you know, I come from traditional finance.
I worked at Golden, I worked at Merrow.
I worked at Deutsche.
I’ve worked at all the big banks and for many years I’ve tried to tell people about Bitcoin and most of them just shy away.
And I think about this a lot because people start, like you said, a lot of them start with many, many exchanges like the first, uh you know, trying to put Bitcoin next to PayPal and other things and other technologies.
But Bitcoin is much bigger than that.
In my perspective.
I think Bitcoin is the best savings technology we have ever seen as economists.
When I look at Bitcoin and you know, a monetary policy written in code, it’s transparent, it’s completely predictable for 15 years without any changes.
Right.
There is not a single central bank in the world that has similar or similar monetary policy to what we have seen in Bitcoin.
And at the end of the day, when we talk about inflation and predictability, what really kills the plans of economic actors is the volatility of inflation.
If we had 2% that would be the central banks’ inflation target, which by definition is already bad.
But let’s say they managed to hit 2% every single month or every single year without any change which would already be bad.
But that’s not what happens.
There’s huge volatility in some months, you know, inflation for the things you buy might be closer to 10% in other months it will be negative and planning around that takes a toll and has an impact on the economy and the long term.
Not only does the money printing continue, but things continue to degrade.
And you know, if you look at a world of total unpredictability that’s what we have and unpredictability increases Bitcoin.
I think it’s a beacon of predictability in a world where you can’t predict pretty much anything.
I don’t think if you looked at a Bitcoin price chart, you would say that it’s a beacon of predictability and that 2% inflation means growth.
So with growth comes inflation, that’s usually how the economy works.
While yes, we had very low inflation before the current regime.
But leaving that aside for a minute, Rafael, I want to go back to something that you mentioned at the beginning when we were talking about politics and talking about the attention that those in the crypto community have kind of focused on this election.
Um, what are you looking for in terms of the biggest policy change that you would support that would help the cryptocurrency industry?
Yeah, I think we’re already seeing if I told people in the past that Bitcoin would become a topic of discussion in the presidential debates, people would say that would be crazy, and they said that this would never happen, you know, this was something that could never have happened and is happening.
It started with, you know, senators talking about Bitcoin, then we had, you know, more people talking about it and now we have Trump coming in and that was a surprise to most people even, you know, to some, some of us had been in Bitcoin for a long time.
Hearing him say, you know, the positive things he’s done.
Um, you know, and as I said at the beginning, I think for people who are very disillusioned with a lot of things that are happening in politics, this could be, you know, a very substantial change.
Uh On top of all that, if you look at, you know, like, uh, the approval of the ETF S, I think it started with a lot of uh uh a lot of these things, uh and the whole process of getting, the ETF Bitcoin approved, you know, that too, I think the AF was hard to overcome.
But the bottom line with all of this is that we’re getting a lot of things that, you know, we’ve been looking for for a long time, which is getting more support, more clarity around, you know, how you should hold Bitcoin, how you can wrap it.
And that’s all good, I think, and I think at the end of the day, even when we’re talking about an Ethereum ETF, I think all, all ETFs should be approved, what the SEC should focus on more and more is what they would have had to focus, I think from the beginning, which is there, you know what they started when we had the Securities Act 3433 and 34.
The overall goal was to provide better transparency, better disclosure, you know, to seekers that really highlighted the risks.
And I think there’s an opportunity here for the SEC to go back to its original mandate and help with that.
But overall, it’s just very nice and positive to see the developments.
I think that, you know, we’re definitely going in the right direction.
Raffaello.
Good to see you.
Thank you for taking the time for us.
Appreciate it.
Thank you.
Tech
Harvard Alumni, Tech Moguls, and Best-Selling Authors Drive Nearly $600 Million in Pre-Order Sales
BlockDAG Network’s history is one of innovation, perseverance, and a vision to push the boundaries of blockchain technology. With Harvard alumni, tech moguls, and best-selling authors at the helm, BlockDAG is rewriting the rules of the cryptocurrency game.
CEO Antony Turner, inspired by the successes and shortcomings of Bitcoin and Ethereum, says, “BlockDAG leverages existing technology to push the boundaries of speed, security, and decentralization.” This powerhouse team has led a staggering 1,600% price increase in 20 pre-sale rounds, raising over $63.9 million. The secret? Unparalleled expertise and a bold vision for the future of blockchain.
Let’s dive into BlockDAG’s success story and find out what the future holds for this cryptocurrency.
The Origin: Why BlockDAG Was Created
In a recent interview, BlockDAG CEO Antony Turner perfectly summed up why the market needs BlockDAG’s ongoing revolution. He said:
“The creation of BlockDAG was inspired by Bitcoin and Ethereum, their successes and their shortcomings.
If you look at almost any new technology, it is very rare that the first movers remain at the forefront forever. Later incumbents have a huge advantage in entering a market where the need has been established and the technology is no longer cutting edge.
BlockDAG has done just that: our innovation is incorporating existing technology to provide a better solution, allowing us to push the boundaries of speed, security, and decentralization.”
The Present: How Far Has BlockDAG Come?
BlockDAG’s presale is setting new benchmarks in the cryptocurrency investment landscape. With a stunning 1600% price increase over 20 presale lots, it has already raised over $63.9 million in capital, having sold over 12.43 billion BDAG coins.
This impressive performance underscores the overwhelming confidence of investors in BlockDAG’s vision and leadership. The presale attracted over 20,000 individual investors, with the BlockDAG community growing exponentially by the hour.
These monumental milestones have been achieved thanks to the unparalleled skills, experience and expertise of BlockDAG’s management team:
Antony Turner – Chief Executive Officer
Antony Turner, CEO of BlockDAG, has over 20 years of experience in the Fintech, EdTech, Travel and Crypto industries. He has held senior roles at SPIRIT Blockchain Capital and co-founded Axona-Analytics and SwissOne. Antony excels in financial modeling, business management and scaling growth companies, with expertise in trading, software, IoT, blockchain and cryptocurrency.
Director of Communications
Youssef Khaoulaj, CSO of BlockDAG, is a Smart Contract Auditor, Metaverse Expert, and Red Team Hacker. He ensures system security and disaster preparedness, and advises senior management on security issues.
advisory Committee
Steven Clarke-Martin, a technologist and consultant, excels in enterprise technology, startups, and blockchain, with a focus on DAOs and smart contracts. Maurice Herlihy, a Harvard and MIT graduate, is an award-winning computer scientist at Brown University, with experience in distributed computing and consulting roles, most notably at Algorand.
The Future: Becoming the Cryptocurrency with the Highest Market Cap in the World
Given its impressive track record and a team of geniuses working tirelessly behind the scenes, BlockDAG is quickly approaching the $600 million pre-sale milestone. This crypto powerhouse will soon enter the top 30 cryptocurrencies by market cap.
Currently trading at $0.017 per coin, BlockDAG is expected to hit $1 million in the coming months, with the potential to hit $30 per coin by 2030. Early investors have already enjoyed a 1600% ROI by batch 21, fueling a huge amount of excitement around BlockDAG’s presale. The platform is seeing significant whale buying, and demand is so high that batch 21 is almost sold out. The upcoming batch is expected to drive prices even higher.
Invest in BlockDAG Pre-Sale Now:
Pre-sale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: Italian: https://discord.gg/Q7BxghMVyu
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- Space and Time uses zero-knowledge proofs to ensure secure and tamper-proof data processing for smart contracts and enterprises.
- The integration facilitates faster development and deployment of Distributed Secure Services (DSS) on the Karak platform.
Karak, a platform known for its strong security capabilities, is enhancing its Distributed Secure Services (DSS) by integrating Space and Time as a zero-knowledge (ZK) coprocessor. This move is intended to strengthen trustless operations across its network, especially in slashing and rewards mechanisms.
Space and Time is a verifiable processing layer that uses zero-knowledge proofs to ensure that computations on decentralized data warehouses are secure and untampered with. This system enables smart contracts, large language models (LLMs), and enterprises to process data without integrity concerns.
The integration with Karak will enable the platform to use Proof of SQL, a new ZK-proof approach developed by Space and Time, to confirm that SQL query results are accurate and have not been tampered with.
One of the key features of this integration is the enhancement of DSS on Karak. DSS are decentralized services that use re-staked assets to secure the various operations they provide, from simple utilities to complex marketplaces. The addition of Space and Time technology enables faster development and deployment of these services, especially by simplifying slashing logic, which is critical to maintaining security and trust in decentralized networks.
Additionally, Space and Time is developing its own DSS for blockchain data indexing. This service will allow community members to easily participate in the network by running indexing nodes. This is especially beneficial for applications that require high security and decentralization, such as decentralized data indexing.
The integration architecture follows a detailed and secure flow. When a Karak slashing contract needs to verify a SQL query, it calls the Space and Time relayer contract with the required SQL statement. This contract then emits an event with the query details, which is detected by operators in the Space and Time network.
These operators, responsible for indexing and monitoring DSS activities, validate the event and route the work to a verification operator who runs the query and generates the necessary ZK proof.
The result, along with a cryptographic commitment on the queried data, is sent to the relayer contract, which verifies and returns the data to the Karak cutter contract. This end-to-end process ensures that the data used in decision-making, such as determining penalties within the DSS, is accurate and reliable.
Karak’s mission is to provide universal security, but it also extends the capabilities of Space and Time to support multiple DSSs with their data indexing needs. As these technologies evolve, they are set to redefine the secure, decentralized computing landscape, making it more accessible and efficient for developers and enterprises alike. This integration represents a significant step towards a more secure and verifiable digital infrastructure in the blockchain space.
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Iconic Italian luxury carmaker Ferrari has announced the expansion of its cryptocurrency payment system to its European dealer network.
The move, which follows a successful launch in North America less than a year ago, raises a crucial question for CFOs across industries: Is it time to consider accepting cryptocurrency as a form of payment for your business?
Ferrari’s move isn’t an isolated one. It’s part of a broader trend of companies embracing digital assets. As of 2024, we’re seeing a growing number of companies, from tech giants to traditional retailers, accepting cryptocurrencies.
This change is determined by several factors:
- Growing mainstream adoption of cryptocurrencies
- Growing demand from tech-savvy and affluent consumers
- Potential for faster and cheaper international transactions
- Desire to project an innovative brand image
Ferrari’s approach is particularly noteworthy. They have partnered with BitPay, a leading cryptocurrency payment processor, to allow customers to purchase vehicles using Bitcoin, Ethereum, and USDC. This satisfies their tech-savvy and affluent customer base, many of whom have large digital asset holdings.
Navigating Opportunities and Challenges
Ferrari’s adoption of cryptocurrency payments illustrates several key opportunities for companies considering this move. First, it opens the door to new customer segments. By accepting cryptocurrency, Ferrari is targeting a younger, tech-savvy demographic—people who have embraced digital assets and see them as a legitimate form of value exchange. This strategy allows the company to connect with a new generation of affluent customers who may prefer to conduct high-value transactions in cryptocurrency.
Second, cryptocurrency adoption increases global reach. International payments, which can be complex and time-consuming with traditional methods, become significantly easier with cryptocurrency transactions. This can be especially beneficial for businesses that operate in multiple countries or deal with international customers, as it potentially reduces friction in cross-border transactions.
Third, accepting cryptocurrency positions a company as innovative and forward-thinking. In today’s fast-paced business environment, being seen as an early adopter of emerging technologies can significantly boost a brand’s image. Ferrari’s move sends a clear message that they are at the forefront of financial innovation, which can appeal to customers who value cutting-edge approaches.
Finally, there is the potential for cost savings. Traditional payment methods, especially for international transactions, often incur substantial fees. Cryptocurrency transactions, on the other hand, can offer lower transaction costs. For high-value purchases, such as luxury cars, these savings could be significant for both the business and the customer.
While the opportunities are enticing, accepting cryptocurrency payments also presents significant challenges that businesses must address. The most notable of these is volatility. Cryptocurrency values can fluctuate dramatically, sometimes within hours, posing potential risk to businesses that accept them as payment. Ferrari addressed this challenge by implementing a system that instantly converts cryptocurrency received into traditional fiat currencies, effectively mitigating the risk of value fluctuations.
Regulatory uncertainty is another major concern. The legal landscape surrounding cryptocurrencies is still evolving in many jurisdictions around the world. This lack of clear and consistent regulations can create compliance challenges for companies, especially those operating internationally. Companies must remain vigilant and adaptable as new laws and regulations emerge, which can be a resource-intensive process.
Implementation costs are also a significant obstacle. Integrating cryptocurrency payment systems often requires substantial investment in new technology infrastructure and extensive staff training. This can be especially challenging for small businesses or those with limited IT resources. The costs are not just financial; a significant investment of time is also required to ensure smooth implementation and operation.
Finally, security concerns loom large in the world of cryptocurrency transactions. While blockchain technology offers some security benefits, cryptocurrency transactions still require robust cybersecurity measures to protect against fraud, hacks, and other malicious activity. Businesses must invest in robust security protocols and stay up-to-date on the latest threats and protections, adding another layer of complexity and potential costs to accepting cryptocurrency payments.
Strategic Considerations for CFOs
If you’re thinking of following in Ferrari’s footsteps, here are the key factors to consider:
- Risk Assessment: Carefully evaluate potential risks to your business, including financial, regulatory, and reputational risks.
- Market Analysis: Evaluate whether your customer base is significantly interested in using cryptocurrencies for payments.
- Technology Infrastructure: Determine the costs and complexities of implementing a cryptographic payment system that integrates with existing financial processes.
- Regulatory Compliance: Ensure that cryptocurrency acceptance is in line with local regulations in all markets you operate in. Ferrari’s gradual rollout demonstrates the importance of this consideration.
- Financial Impact: Analyze how accepting cryptocurrency could impact your cash flow, accounting practices, and financial reporting.
- Partnership Evaluation: Consider partnering with established crypto payment processors to reduce risk and simplify implementation.
- Employee Training: Plan comprehensive training to ensure your team is equipped to handle cryptocurrency transactions and answer customer questions.
While Ferrari’s adoption of cryptocurrency payments is exciting, it’s important to consider this trend carefully.
A CFO’s decision to adopt cryptocurrency as a means of payment should be based on a thorough analysis of your company’s specific needs, risk tolerance, and strategic goals. Cryptocurrency payments may not be right for every business, but for some, they could provide a competitive advantage in an increasingly digital marketplace.
Remember that the landscape is rapidly evolving. Stay informed about regulatory changes, technological advancements, and changing consumer preferences. Whether you decide to accelerate your crypto engines now or wait in the pit, keeping this payment option on your radar is critical to navigating the future of business transactions.
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The world’s largest cryptocurrency, Bitcoin (BTC), suffered a significant price decline on Wednesday, falling below $65,000. The decline coincides with a broader market sell-off that has hit technology stocks hard.
Cryptocurrency Liquidations Hit Hard
CoinGlass data reveals a surge in long liquidations in the cryptocurrency market over the past 24 hours. These liquidations, totaling $220.7 million, represent forced selling of positions that had bet on price increases. Bitcoin itself accounted for $14.8 million in long liquidations.
Ethereum leads the decline
Ethereal (ETH), the second-largest cryptocurrency, has seen a steeper decline than Bitcoin, falling nearly 8% to trade around $3,177. This decline mirrors Bitcoin’s price action, suggesting a broader market correction.
Cryptocurrency market crash mirrors tech sector crash
The cryptocurrency market decline appears to be linked to the significant losses seen in the U.S. stock market on Wednesday. Stock market listing The index, heavily weighted toward technology stocks, posted its sharpest decline since October 2022, falling 3.65%.
Analysts cite multiple factors
Several factors may have contributed to the cryptocurrency market crash:
- Tech earnings are underwhelming: Earnings reports from tech giants like Alphabet are disappointing (Google(the parent company of), on Tuesday, triggered a sell-off in technology stocks with higher-than-expected capital expenditures that could have repercussions on the cryptocurrency market.
- Changing Political Landscape: The potential impact of the upcoming US elections and changes in Washington’s policy stance towards cryptocurrencies could influence investor sentiment.
- Ethereal ETF Hopes on the line: While bullish sentiment around a potential U.S. Ethereum ETF initially boosted the market, delays or rejections could dampen enthusiasm.
Analysts’ opinions differ
Despite the short-term losses, some analysts remain optimistic about Bitcoin’s long-term prospects. Singapore-based cryptocurrency trading firm QCP Capital believes Bitcoin could follow a similar trajectory to its post-ETF launch all-time high, with Ethereum potentially converging with its previous highs on sustained institutional interest.
Rich Dad Poor Dad Author’s Prediction
Robert Kiyosaki, author of the best-selling Rich Dad Poor Dad, predicts a potential surge in the price of Bitcoin if Donald Trump is re-elected as US president. He predicts a surge to $105,000 per coin by August 2025, fueled by a weaker dollar that is set to boost US exports.
BTC/USD Technical Outlook
Bitcoin price is currently trading below key support levels, including the $65,500 level and the 100 hourly moving average. A break below the $64,000 level could lead to further declines towards the $63,200 support zone. However, a recovery above the $65,500 level could trigger another increase in the coming sessions.
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Inside the Banana Zone: The Cryptocurrency Trend Everyone’s Talking About – Raoul Pal
DIGITAL BLOCK! You Live in a Virtual Prison Without Knowing It: The 2025 WARNING by Whitney Webb
“Many Bitcoin Investors Will Be Multimillionaires Before 2030” – Michael Saylor
Raoul Pal – “This is a huge achievement! This is where I see Bitcoin and cryptocurrencies by 2030”
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