Welcome to the US Cryptocurrency Morning Briefing. Here's a brief summary of today's key cryptocurrency developments.
Grab a coffee coffee and read about how science is becoming the biggest threat to gold's market value. This could have a positive impact on Bitcoin's hedge status.
Today's Cryptocurrency News: Science, a Major Threat to Gold... Bitcoin to $1 Million by 2028?
According to a report citing CERN laboratory work, scientists appear to be able to reproduce gold in the laboratory. with scientists converting lead into gold at the Large Hadron Collider (LHC), generating 89,000 atoms per second.
The LHC is a massive particle accelerator capable of colliding atoms at ultra-high speeds. Scientists converted lead atoms into gold atoms by removing three protons or positively charged ions from lead atoms.
powerful electromagnetic field caused the to transform into another element. The that made this discovery is called the Collaboration, which could threaten gold's value and reduce its scarcity.
, remains theoretical. Gold almost immediately disintegrated. Therefore, gold could not be collected. Nevertheless, science, as proven in the past, can provide breakthroughs with continuous research.<>"This is really bad news for gold. Scientists can reproduce gold in the laboratory, which makes gold no longer scarce." – Ran Neuner,, cryptocurrency,'Banter Founder and Host
According to Neucreated in the indistfromined its market value (about 1% of the original) could positively impact Bitcoin's price.
"difference cannot be detected even by the human eye or magnifying glass, and the's the is about 1% of1added.
However, Bitcoin faces a major risk of quantum computing, which could pose a security threat. BeInCrypto reported BlackRock's concerns. If quantum technology far exceeds the state, the cryptographic used become useless.
A recent US Crypto News publication explained why Bitcoin may not yet be ready to replace gold.
JP Morgan Predicts Bitcoin Overtaking Gold by 2025
On the with increasing institutional, JPMorgan analysts predict Bitcoin could surpass gold this year. Analysts that financial allocation is increasing,, alignsCry's traditional financial companies are Bitcoin war chfunds.
In the same context, River's statistics show that corporate Bitcoin holdings increased increased by 154% after 2024, with over 2,companies using the River platform to accumulate BTC.
Industry Distribution of Companies Using Bitcoin. Source: River.
JPMorgan analysts also mentioned proposals and allow enacted bills allowing stock to invest in Bitcoin.
"We the zero-sum game between gold from the beginning of the year continue the of this year, analysts but we expect unique cryptocurrency catalysts to bring more upside to Bitcoin in the second half," analysts wrote in a memo released Thursday.
In an optimistic viewM-BitMEX co-founder and CEO Arthur Hayes says Bitcoin could reach $1 million by 2028. He that capital controls will tax foreign assets, driving capital outflows from the US., combined with financial devaluation through money printing, will cause investors to move to Bitcoin, a digital, stateless asset, accelerating price surge.
"Repatriation of foreign capital and massive devaluation of US Treasury inventory will be two catalysts that will drive Bitcoin to to $1 million between now and 2028." – recent blog
Pi Network's $100 million venture fund has sparked backlash. The community expected substantial app progress after six years of delays and unfulfilled promises. Critics highlight issues with promised 100 DApps, referral reward failures, KYC delays, and advertising revenue transparency within the Pi ecosystem.
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
