Saylor questions $60K Bitcoin dip, BTC ETF possibilities, and more: Hodler’s Digest, Nov. 10 – 16

This week in the world of cryptocurrency brought some interesting developments that are worth staying informed about. Let’s dive into some of the highlights:

First up, Michael Saylor, the founder of MicroStrategy, doesn’t believe Bitcoin will drop back down to $60,000 any time soon. In fact, he’s feeling pretty bullish about the future of Bitcoin, with the current price around $87,790. Saylor is even planning a party for when Bitcoin hits $100,000, which he expects could happen by the end of the year.

In other news, a prosecutor from the Southern District of New York hinted that there may be fewer cases involving cryptocurrency crimes in the future. This could signal a shift in enforcement priorities for authorities in the world of crypto.

On a more positive note, VanEck, an investment manager, is predicting that Bitcoin could reach $180,000 sometime in the near future. According to Matthew Sigel, head of digital assets research at VanEck, we may see Bitcoin hit repeated all-time highs over the next two quarters.

Bitcoin has been on a bit of a rollercoaster ride lately, reaching new peaks and currently trading around $88,100. The recent rally in Bitcoin has also led to a wider crypto market rally, with several altcoins seeing significant gains.

In an interesting turn of events, a class-action lawsuit against Elon Musk and Tesla related to Dogecoin price manipulation has been dropped by the plaintiffs. This could have implications for future legal cases involving cryptocurrency influencers and their impact on prices.

Lastly, the United States Commodity Futures Trading Commission (CFTC) has cleared the way for spot Bitcoin exchange-traded fund (ETF) options. This development has the potential to have a major impact on Bitcoin’s price and market dynamics moving forward.

Overall, it’s been an eventful week in the world of cryptocurrency. As always, it’s important to stay informed and keep up with the latest developments to make informed decisions in this rapidly evolving space.