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What Louis CK likes about Bitcoin – and what bothers him about Ethereum
According to an article by BTC-ECHO, comedian Louis CK, who has been covering Bitcoin and blockchain since 2014, recently tweeted about his preferences in the cryptocurrency space. He understands the concept of Bitcoin because of its limited supply and inflation-resistant nature. In contrast, Ethereum’s popularity is a mystery to him because it has no fixed supply.
These statements sparked a heated debate with nearly 2,000 comments on Twitter, with both sides exchanging their arguments. US Federal Reserve Chairman Jerome Powell was also mentioned in the discussions as a counterargument to Ethereum’s unlimited supply.
Trump’s Bitcoin plan raises doubts
DER STANDARD reports on Donald Trump’s recent plans to introduce a national Bitcoin reserve in the USA. During his term in office, he claimed that Bitcoin was “not money” and was merely based “on thin air”.
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Now, however, Trump has made a U-turn and promised a US as a “Bitcoin superpower”. Economic experts are skeptical about this idea and doubt its feasibility and the long-term benefits for the American economy.
Bitcoin: Crypto President Harris?
According to DER AKTIONÄR, Kamala Harris’s candidacy for the White House could have a positive impact on the crypto market. Although there are many concerns about her stance, industry insiders like Austin Reid of FalconX believe in possible regulatory clarity under her administration.
CoinDesk’s Noelle Acheson agrees, and sees a decrease in hostility from U.S. regulators as a benefit for the market price of BTC (bitcoin). A crypto-friendly president could give the price a major boost.
Bitcoin forecast: That’s why $700,000 is the minimum target!
According to finanzen.net, on-chain analyst Willy Woo predicts a possible rise in the Bitcoin price to as much as $24 million per coin in extreme cases, or at least $700,000 in conservative estimates through institutional investment.
Woo assumes that major players such as Fidelity already recommend investing about three percent of their portfolio in Bitcoin – which makes these price targets seem realistic given growing adoption curves worldwide.
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