🚀 Saylor's Bitcoin Prediction and PayPal's Crypto Move

Hey crypto trailblazer, 👋

This week's crypto scene is more action-packed than a blockchain during an NFT drop. We've got PayPal's grand plans, MicroStrategy's moonshot prediction, and some political drama that might just shape the future of crypto. Buckle up!

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🔥 This Week's Hottest Crypto News 🔥

1. PayPal's Crypto Strategy: Architecting a Web3 Ecosystem 🏗️

PayPal has been making significant strides in the crypto space, revealing a pattern of strategic moves. Here's what's unfolding:

• .eth Addresses Coming to PayPal/Venmo

• PYUSD Stablecoin Growth: Approaching $1B market cap

• Crypto at Checkout for US Merchants: 10.9M merchants now enabled

• Potential to extend financial services to underbanked populations

What's PayPal's endgame? It appears they're positioning themselves as a comprehensive crypto platform, potentially revolutionizing global finance.

2. Bitcoin to $13M? MicroStrategy's Saylor Makes Bold Prediction 🚀

In a recent CNBC interview, MicroStrategy CEO Michael Saylor dropped a bombshell prediction: Bitcoin could reach $13 million in the next 21 years. Let's break it down:

• 21 years aligns with Bitcoin's fixed supply of 21 million coins

• Saylor's prediction factors in Bitcoin's four-year price cycles, inflation, and potential growth

While $13 million per Bitcoin might sound like science fiction, remember: a decade ago, $50K Bitcoin seemed equally outlandish. As always in crypto, expect the unexpected – but don't bet the farm on price predictions.

🌐 Macro Matters: Top Factors Shaping Crypto Prices

🗳️ Presidential Debate: Crypto Takes a Back Seat

The first debate between VP Kamala Harris and former President Donald Trump on Sept. 10 left crypto enthusiasts hanging. Here's what you need to know:

• Neither candidate mentioned cryptocurrency during the debate

• Trump's odds of winning dropped 3% on Polymarket during the debate

• Gallup polls show crypto isn't a top concern for most American voters

• Potential Impact:

  • Some analysts believe a Trump victory would help crypto markets

  • A Harris victory might pose challenges for the industry

While crypto didn't make the debate stage, its future could be influenced by November's outcome. As always, stay informed and remember: in crypto, as in politics, expect the unexpected – and occasionally, the absurd.

🧠 Crypto 101: What is PYUSD?

PYUSD: PayPal's new stablecoin, pegged 1:1 to the US Dollar.

Key Points:

• Launched in August 2023

• Fully backed by US dollar deposits, short-term treasuries, and cash equivalents

• Usable for payments, transfers, and crypto-to-fiat conversions on PayPal

• Aims to bridge traditional finance and crypto

Fun Fact: PYUSD is rapidly gaining traction, with its market cap approaching $1B in just over a year since launch!

That’s all for this edition. Stay tuned for more this weekend.

Stay epic,
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.