Crypto Market Overview February 16th | Dex-Trade

Crypto Market Overview February 16th | Dex-Trade

Mike Novogratz Predicts BTC at $30K by Early April

Speaking at the Bank of America conference on February 15, venture capitalist and founder and CEO of Galaxy Digital, Mike Novogratz, expects that by the beginning of April of this year, the price of crypto gold may be fixed above the $30,000 mark: “When I look at the price action, when I look at the excitement of the customers calling, the FOMO building up, it wouldn’t surprise me if we were at $30,000 by the end of the quarter. And I would’ve given both my shoes for that to be true just six weeks ago. Like if we end the year $30,000, I will be the happiest guy.” Remarkably, on the same day, Bitcoin posted its biggest daily gain in more than a month, increasing its price by a whopping 12% in the last 24 hours. However, Novogratz's forecasts last year were much more optimistic. For example, according to his calculations, the market flagship should have cost $500,000 as early as 2024. And the founder of Galaxy Digital still believes that the asset will reach this level, but now he adds that this will not happen in the next five years. The businessman also blamed the increase in interest rates by the US Federal Reserve for curbing the growth of the crypt. Rising interest rates make cash a more attractive passive income investment. In addition, the threat of a recession has not gone away, so there will be less and less money allocated to investments in risky assets such as crypto.


Shytoshi Kusama Invites Representatives of All Religions to Shibarium

Yesterday, Shiba-Inu lead developer, Shitoshi Kusama, wrote on his blog that Shibarium's layer 2 blockchain solution is designed to free people from a broken system and switch their minds from the greed of capitalism to a healthier approach. To achieve this goal, Kusama invites representatives of all religions, such as Buddhists, Christians, Hindus, Jews, Muslims, Shintoists, Taoists, Wiccans and Luciferians, and even atheists. Kusama wrote this company blog post to invite anyone interested to join Shibarium as soon as it launches: “Join us with an open heart and the willingness to learn, and together we will unshackle ourselves from this broken system.” Kusama also added that he will share his thoughts on how diverse religions can be brought together during the Shibarium beta launch. And this decision, most likely, will be played through the prism of the core values of the project, interpreted in verbs: burn, protect, grow and help. The businessman also promised that the development team will share feedback on illegal projects within Shibarium to protect users from fraud, as well as initiate voluntary donations to various non-governmental organizations to help alleviate the suffering of people. Kusama also plans to open the SHIB Doggy DAO Foundation, in which independent projects based on Shibarium will be donated.


Larry Kramer Signed SBF Bail for Personal Reasons

Former dean of Stanford Law School, Larry Kramer, signed bail for Sam Bankman-Fried (SBF) and said he did so because SBF's parents were "best friends" and helped his family through “harrowing battle with cancer.” Kramer revealed that he signed the Bankman-Freed bail as a way to return the favor: “Joe Bankman and Barbara Fried have been close friends of my wife and I since the mid-1990s.” Over the past two years, Bankman and Freed have provided food and moral support, Kramer said, “frequently stepping in at moment’s notice to help” his family's battle with cancer. “In turn, we have sought to support them as they face their own crisis.” Cramer also emphasized that he was not affected by any payments made to him by any person associated with FTX and called to act as a guarantor: “My actions are in my personal capacity, and I have no business dealings or interest in this matter other than to help our loyal and steadfast friends.” Incidentally, Sam's story backs up this claim, as the former FTX CEO is alleged to have denied financial influence on his two backers and even minor payments into their accounts from FTX or Alameda Research.