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There was, quite frankly, a a lot Of floating expectations, which is to be expected.
It's difficult to filter out the noise to bring out the things that are fun to pay attention to, or have the highest probability of success.
on empire This week, Jason Yanowitz and Santiago Santos summarized their predictions over the past two years Gave some forward-looking onesincluding the target price for Bitcoin.
Let's start with the target price: $150,000 sometime this year. This isn't necessarily the biggest prediction, since we've seen Bitwise and Bernstein, in their own calls, say it could reach $200,000 before the end of the year.
With Bitcoin (barely) back above $100k, bullish sentiment appears to be returning after a somewhat bumpy ride at the end of last year. Ledn's John Glover believes the first quarter could see a rise to $125,000, which would put us just below the target set by Yanowitz and Santos.
This expectation, if we maintain this course, appears to be an issue when, Not if.
Another prediction I found possible, and frankly interesting, was regarding stablecoins. Yanowitz was prepared for this, admitting that he had four different predictions related to stablecoins. But more importantly, he believes this could be the year we see a major bank, tech company, and fintech launch their own stablecoins.
Focusing specifically on banks, the biggest obstacle they have faced so far is the lack of regulation in this area. It's a topic We have discussed many times Here on Empire, but if we're ready to see an overhaul at the SEC and a change in the way the regulator deals with companies interested in cryptocurrencies, predicting Yanowitz again may be a matter of time rather than feasibility.
At the very least, empire The hosts are not alone. Galaxy too anticipation We could see a number of TradFi-backed stablecoin partnerships announced this year.
So, my question then is, who's first?
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