Cryptocurrency Predictions ~ Circle Going Public, Valued at $4.5 Billion as Bitcoin Attracts New Users Despite Price Contraction
Cryptocurrency Predictions~Bitcoin draws more Users as interest among Young Investors Grows in the U.K.
Cryptocurrency Predictions are headed for a bright future as more people are joining the Bitcoin network, on-chain data from GlassNode shows.
As bitcoin and cryptocurrency prices have exploded this year, digital assets have taken off. Wall Street has been watching crypto’s performance closely.
Bitcoin making all-time highs in new users coming on the network. pic.twitter.com/bMHkaQEt1g
— William Clemente III (@WClementeIII) July 8, 2021
The Cryptocurrency Predictions list also cites Goldman Sachs and Wall Street giants as saying that Bitcoin and ethereum cannot compete directly with Gold as a safe haven asset.
.But This Cryptocurrency prediction shows optimism at a time when Bitcoin is at crossroads.
The continuous crackdown by Chinese officials is a blow to the network’s security, as recently reported. However, the platform’s auto-adjustment to reflect interest and computing power could be positive due to the expected geographical distribution.
Also Read: Joe Reiben on Trading Cryptocurrency
A Renewed interest in Bitcoin could also be driven by new millennial investors, according to this cryptocurrency prediction.
45% of young investors between the ages of 18 and 29 in the U.K. said bitcoin was their first investment, according to a recent survey.
According to @BusinessInsider, 45% of young investors in Great Britain ?? choose #bitcoin or other cryptocurrencies as their first investment.
— Rise Up Media (@RiseUpMedia_) July 8, 2021
The Cryptocurrency Predictions also reflect the preferences of young, tech-savvy investors for Bitcoin and cryptocurrency over traditional investments.
Bitcoin projected to hit 1 billion users in 4 years
Source: @Nasdaq
— Blockworks (@Blockworks_) July 8, 2021
Interestingly, in the last decade, the survey said 16 percent of generation Z preferred storing their wealth in crypto.
Circle Going Public, Valued at $4.5 billion
The operator of USDC—one of the world’s most popular stablecoin, Circle, plans to go public and eventually list in the NYSE.
As per a press release on July 8, the plan is to merge with Concord, which has $276 million in trust from their recently concluded IPO.
The merger has been approved by the board of directors of Circle and Concord.
However, once shareholders endorse this plan, Circle will have a solid financial footing and a massive valuation of $4.5 billion.
Circles’ leadership won’t be affected. Jeremy Allaire, the co-founder, and CEO of Circle, will continue to hold the same position.
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