Bitcoin will surge to $400,000 — Max Keiser quadruples BTC forecast...
One week in review:
Feb. 17–23 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: | | #1. Bitcoin Cash faces "slow death" after alleged $30 million hack — commentator | | | A major Bitcoin Cash investor claimed that he lost a total of $45 million in a wallet hack this week — two-thirds of which was in BCH. In a now-deleted Reddit post, DreamHost Founder Josh Jones appeared to suggest that his SIM card had been compromised — and he promised big rewards if miners prevented the transactions from being validated. Dovey Wan, founding partner at Primitive Ventures, described the attack as "really brutal" and criticized Jones for keeping millions of dollars in crypto on his smartphone. | | #2. Vitalik Buterin reveals Ethereum 2.0 roadmap to Cointelegraph | | | At the Stanford Blockchain Conference, Ethereum's co-founder revealed that this year's major development will be the launch of Phase 0, with a proof-of-stake network set to come online later in 2020. From here, Ethereum 2.0 will begin life as an independent PoS network so it can prove its capabilities over time. "Ethereum 2.0 will start with no applications and will have a small number of validators," Buterin said. It is hoped that subsequent phases would help tackle scalability issues. | | #3. Binance CEO Changpeng Zhao says Bitcoin halving is not priced in yet | | | The founder and CEO of Binance has predicted that BTC will see more upwards movement in the future. Although he admitted that historic events aren't always an accurate indicator, Zhao pointed out that miners will soon have to spend almost two times as much to mine a single coin. Despite his optimistic outlook, CZ expects resistance to remain in the short term. He added: "There are psychological barriers around nice round numbers. The price will fluctuate back and forth around that a bit." | | #4. Prediction of the Week Bitcoin will surge to $400,000 — Max Keiser quadruples BTC forecast | | | Despite being made eight years ago, Max Keiser's prediction that BTC will hit $100,000 has never been achieved. Nonetheless, the TV host believes this estimate is too conservative — prompting him to quadruple it to $400,000. Unfazed by short-term levels of volatility, Keiser told Infowars's Alex Jones: "The good news… is that Bitcoin at $10,000 or $9,300 is equally as attractive as it was when it was $100." He hasn't named a specific timeframe for this target to be met, but forecasting returns of up to 40 times makes Keiser more bullish than even the best-known crypto advocates. | | #5. FUD of the Week Irish drug dealer tells police that keys to $56 million in confiscated BTC are lost | | | A court in Ireland has suffered a setback in its attempts to confiscate Bitcoin worth $56 million from a man recently imprisoned for drug trafficking. Clifton Collins, from Dublin, says the private keys to the crypto fortune are gone. Reports suggest Collins had distributed his 6,000 BTC across 12 wallets — printing out the keys on a piece of paper stored in his fishing rod case. Following his arrest in 2017, the landlord of his rented home in County Galway ordered a clearout — and it seems the fishing rod was thrown away. Collins appears to be taking the news of the loss in his stride, describing it as a punishment for his own stupidity. | | #6. FUD of the Week Ripple CEO Brad Garlinghouse tells banks that "crypto is not a bad word" | | | Brad Garlinghouse has revealed that he is on a mission to tell bankers how crypto can solve real-world problems while remaining compliant. Ripple's CEO says someone at the World Economic Forum in Davos recently told him that "crypto is still a bad word" — but the entrepreneur says regulators "very quickly become disarmed" when they realize the assets aren't being used to circumvent existing frameworks. | | Feel free to explore the most important news with Hodler's Digest by Thomas Simms:
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