In this week’s bite-sized digest of the hottest stories from Bitcoin.com News, a new Finder survey knocks down previous forecasts for ethereum’s price a notch, with crypto experts predicting lower long-term prices for the asset. Also, India calls on G20 nations to bring cryptocurrencies within the “Automatic Exchange of Information” framework, billionaire Thomas Peterffy weighs in on investment and the future legality of bitcoin, and SEC Chair Gary Gensler clarifies the U.S. securities watchdog’s approach to crypto regulation.
Finder’s Experts Predict Ethereum Falling to $675 — Long-Term ETH Predictions Lowered Considerably
A panel of “industry experts” has predicted that ethereum will bottom out at $675 before the year-end. They have “considerably lowered” their ether predictions since the start of 2022 and are now expecting the price of the cryptocurrency to end the year at $1,711 before rising to $5,739 by 2025, and $14,412 by 2030.
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India Calls on G20 to Bring Crypto Within Global ‘Automatic Exchange of Information’ Framework
India’s finance minister has called on the G20 countries to bring crypto within the “Automatic Exchange of Information” framework. It has attracted more than 100 countries to adopt the Common Reporting Standard.
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Billionaire Thomas Peterffy Plans to Buy Bitcoin Despite Concerns BTC Could ‘Become Worthless or Outlawed’
Interactive Brokers’ founder Thomas Peterffy (a multi-billionaire) said that he will buy bitcoin more if it reaches $12K. However, he remains concerned that bitcoin could “become worthless or outlawed.”
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Gary Gensler discusses What You Can Expect from SEC in US Crypto Regulation
Gary Gensler is the chairman of U.S. Securities and Exchange Commission. He has described what you can expect from this securities watchdog regarding crypto regulation. “We do have robust authorities from Congress also to use our exemptive authorities that we can tailor investor protection,” he explained.
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What’s your take on the hottest stories from Bitcoin.com News this week? We’d love to hear from you in the comment section.
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