Despite tariffs, inflation and other economic factors, Bitcoin remains resilient this week within the $90,000 range.
It peaked at $98,000 and is currently hovering around $95,000. Winning is victory.
The appointment of Brian Quintens as chairman of the Commodity Futures Trading Commission (CFTC) marks another major victory for Washington’s pro-crypto leadership.
A respected, bipartisan figure with deep industry connections, Quintenz supports regulatory clarity and innovation, ensuring that the US leads digital asset technology.
“CFTC plays a key role in maintaining a robust hedging and price discovery market, ensuring that the US leads the world in blockchain technology and innovation,” he said, adding that it will be a key player in digital assets. He emphasized his commitment to promoting a dynamic and advanced approach.
Federal Reserve leaders are gradually changing their stance on digital assets, demonstrating a more open approach to cryptocurrency and innovation.
Chair Jerome Powell reaffirms that the Fed will not pursue central bank digital currency (CBDC), instead prioritize private sector solutions and expands its 24-hour FedNow system I did.
Meanwhile, Fed Gov. Michelle Bowman criticised regulators’ hostility towards digital assets, warning that unclear policies and excessive surveillance are thwarting innovation in the banking sector.
She urges regulators to balance risk assessment and innovation fostering, reflecting the slow and prominent evolution of the Fed’s approach to Digital Finance.
Ark Invest CEO Cathie Wood has forecast a $1.5 million Bitcoin price target by 2030.
Her bright outlook is supported by an increase in institutional adoption. Demand is surged as key investors recognize Bitcoin’s unique risk-return profile, which could set a stage of explosive long-term growth.
With 2.5 million Bitcoin remaining on the exchange and institutional capital inflows, Bitcoin’s trajectory against this ambitious milestone seems increasingly realistic.