Thomas Fahrer, CEO of crypto review platform Apollo, suggests multiple factors could drive Bitcoin price to $500,000 in the next few years. This would require a full-scale bull run and would represent an eightfold increase from current levels. Fahrer believes several "low probability" events could trigger a strong bull market. Even if only a few materialize, Bitcoin could reach $300,000 to $500,000 in the next four-year cycle, meaning 10x profits for most of the current BTC holders. According to Fahrer, one potential catalyst is Bitcoin surpassing gold's market capitalization. "Bitcoin's $1.2 trillion market cap compared to gold's $15 trillion is achievable within years," Fahrer states. He also notes U.S. presidential candidate Robert Kennedy Jr.'s proposal to back the dollar with Bitcoin. While Fahrer doesn't expect Kennedy to win, he sees value in the public discussion about these kinds of non-trivial decisions. "If that happened, it would send Bitcoin astronomically higher," Fahrer explains the possible outcome of Kennedy's idea. Fahrer's X following has grown steadily since late 2022. It accelerated with the launch of U.S. spot Bitcoin ETFs in January 2024. His regular updates on ETF flows have attracted attention. Fahrer now has approximately 60,000 X followers. "There's been a lot of interest in ETFs," he says. "It's the big story of this cycle and potentially for crypto beyond Bitcoin." Despite his optimism, Fahrer doesn't ignore market downturns. He was one of those who noticed recent significant sell-offs, including those from Grayscale Bitcoin Trust, and carried out an analysis of those events. For Bitcoin content, Fahrer has preferred sources. He follows Vivek Sen for memes, Hodl Capital for ETF flows, and Glassnode's James Check for technical analysis.

Bitcoin may see a strong rebound in July following a weak performance in June. The cryptocurrency fell almost 7% last month. This trend aligns with historical data from Coinglass. Bitcoin has averaged a 0.35% decline in June since 2013. However, July has typically been a strong month. BTC has posted minimum monthly gains of 8% in seven of the last eleven July periods. Crypto analyst Ali Martinez noted a pattern on social media. When June ends in a downtrend, Bitcoin often gains an average of 7.42% in July. Memecoin analyst Murad corroborated this observation. Murad pointed out that Bitcoin has seen minimum gains of 28% in early July for six consecutive years. This data suggests a potential for significant upward movement. However, some analysts predict a tougher July than usual. They cite two main factors. First, sizeable Bitcoin sales from the German government. Second, the upcoming Mt. Gox repayments. The Mt. Gox repayments are expected to return $8.5 billion in BTC to creditors. This process begins in early July. Some fear this could put pressure on Bitcoin's price. Yet, not all analysts view the Mt. Gox situation as dire. Only $4 billion of the total amount may hit the spot BTC market. This could limit the potential negative impact. Jonathan de Wet of ZeroCap shared his perspective with Cointelegraph. He expects Bitcoin to hold around its current level. However, he noted it could fall to a "key support" level of $57,000 as repayments begin. Historically, November has been Bitcoin's strongest month. It has posted an average monthly gain of 46.81% since 2013.

Japanese investment firm Metaplanet has acquired 20.2 Bitcoin. This latest purchase brings its total holdings to 161.3 BTC. Michael Saylor isn't going to be jealous, just yet. But it's only a beginning of the long path to compete with him. The Tokyo-based company invested 200 million yen ($1.2 million) in this acquisition. Metaplanet announced the purchase on social media after the Tokyo Stock Exchange closed. Last week, Metaplanet revealed plans to invest $6 million in Bitcoin. The funds for this purchase will come from a recent bond sale. The company, dubbed "Asia's MicroStrategy," will record its long-term Bitcoin holdings at acquisition cost. These are exempt from quarterly market value assessments for tax purposes. Other Bitcoin holdings will be evaluated at market prices each quarter. Gains or losses will be recorded under non-operating income or expenses. Metaplanet decided to incorporate Bitcoin into its treasury assets in April. The move aims to reduce exposure to the Japanese yen, affected by low interest rates. Simply put, Bitcoin seems more stable for long-term investments, that yen. The company sees Bitcoin as a hedge against inflation and a tool for macroeconomic resilience. Metaplanet's strategy mirrors that of MicroStrategy, a Virginia-based software developer. MicroStrategy, run by Michael Saylor, has been buying Bitcoin for nearly four years. It now holds over 226,000 BTC, more than 1% of Bitcoin's total supply. That makes Saylor a constant and unyielding Bitcoin bull. This approach is not unique to Metaplanet and MicroStrategy. More companies are likely to follow suit. Corporate treasurers are exploring Bitcoin as a reserve asset due to economic uncertainties. The most popular way to obtain some Bitcoin is, of course, buying ETFs. Thus you don't need to hold actual crypto, secure the keys, whatsoever. But some companies do like it Saylor's way. Abra, a digital asset platform, reports increasing interest from non-crypto businesses in using Bitcoin as a treasury reserve asset. Marissa Kim, Head of Asset Management at Abra Capital Management, notes particular interest from real estate companies and SMBs. The trend reflects growing concerns about inflation and geopolitical tensions. It suggests a shift in corporate treasury management strategies. More companies may adopt Bitcoin as a hedge against economic instability.

A newly formed association of Paraguayan cryptocurrency miners has issued a stark warning about the future of their industry. The group claims that recent energy tariff increases could lead to the sector's demise. Or simply put, Bitcoin mining in this lovely country will be over. Probably forever. The National Electricity Administration has raised electricity costs for miners by 13% to 16%. This move has sparked concern among industry participants. The Paraguayan Chamber of Digital Asset Mining stated that the price hikes will significantly impact the bitcoin mining industry. They warned that this could potentially lead to the sector's disappearance in Paraguay. The chamber expressed concern about potential revenue losses for the country. They also highlighted risks of job losses and diminished government trust. Miners argue that they face disproportionately high energy costs. "Energy is being sold to [crypto miners] at much higher prices – even up to 50% higher – than for other industries in Paraguay," they said. The mining body, comprising 12 major players, formed in June to advocate for pro-business regulation. They claim that Bitcoin mining currently generates $1.5 billion annually for the Paraguayan economy. The National Electricity Administration (ANDE) has classified some 50 mining firms as part of an "especially intensive consumption sector". The heaviest consumers in this group face monthly price increases of 16%. Tariffs for these firms have risen from USD/KW 55.88 to USD/KW 65.04. ANDE has also been cracking down on illegal crypto mining operations. The mining association argues that the government's approach contradicts its generally pro-business stance. They warn that these actions could negatively impact Paraguay's investment environment. "This situation will only project a negative image of the investment environment in Paraguay," the body stated. They added that it will significantly undermine the legal security necessary for investment, both domestic and overseas.

A long-dormant Bitcoin miner has resurfaced after 14 years of inactivity. The wallet transferred 50 BTC to Binance on June 26th. This sum is valued at approximately $3.05 million. Market intelligence firm Lookonchain reported the transaction. The miner originally acquired these tokens in July 2010. At that time, Bitcoin's price was below $1. Lookonchain shared the details on social media: "A miner wallet woke up after being dormant for 14 years and deposited 50 BTC ($3.05 million) to Binance seven hours ago. The miner earned 50 BTC from mining on July 14, 2010. Address: 1PDTDwpgRPdQaCcp3Th6zaMASgcCcm3Jcm" This is not an isolated incident. In May, Lookonchain identified two other long-dormant wallets becoming active. These wallets had been inactive since 2013. The May reactivation involved a combined $61 million worth of Bitcoin. These investors had purchased 500 tokens for $124 each 11 years ago. Their investment yielded gains of nearly 50,000%. Bitcoin's current trading price is $61,630. This represents a slight increase over the past 24 hours. The reemergence of dormant wallets can impact market sentiment. It may signal increased selling pressure. However, it also demonstrates Bitcoin's long-term value proposition. Such events highlight the importance of blockchain analysis. They provide insights into market dynamics and investor behavior. As the cryptocurrency market matures, these patterns may become more significant. The crypto community closely watches these movements. They can potentially influence short-term price action. However, their long-term impact remains to be seen.