Can Bitcoin Reach $250K?

Hey crypto trailblazer, 👋

Bitcoin is making headlines again, and this time, it's about a bold prediction and a significant security incident. Let's dive into the latest developments:

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🚀 Scott Melker Predicts Bitcoin Could Hit $250K by 2025

Crypto analyst Scott Melker, known as "The Wolf of All Streets," believes that Bitcoin has the potential to reach $250,000 by the end of 2025. He cites growing institutional interest and decreasing volatility as key factors driving this optimistic outlook.

Melker notes that Bitcoin's volatility has declined significantly, making it more attractive to institutional investors like pension funds and ETF issuers. He also highlights the increasing involvement of long-term holders, which contributes to market stability.

While most experts predict cycle highs between $120,000 and $150,000, Melker emphasizes that a surge to $250,000 is "totally possible," especially considering Bitcoin's historical performance.

🔐 Coinbase Faces Major Cyberattack

Coinbase disclosed a cyberattack where hackers bribed overseas support agents to access customer data. The breach potentially affects a subset of users, exposing their names, addresses, and emails.

Coinbase estimates the potential cost of the breach to be between $180 million and $400 million. The exchange is offering a $20 million reward for information about the attackers.

This incident raises serious concerns about security measures at centralized crypto platforms, especially as Coinbase prepares for its inclusion in the S&P 500.

Until next time, may your tokens be safe!

Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.