Veteran trader Peter Brandt has made a bold prediction about Bitcoin. He expects the cryptocurrency to surge 230% against gold in the next 12-18 months. Brandt suggests that one Bitcoin could be worth 100 ounces of gold. Currently, Bitcoin trades at around $67,210. Gold, on the other hand, is priced at about $2,320 per ounce. This implies that it takes roughly 29 ounces of gold to buy one Bitcoin now. If Brandt's prediction holds, Bitcoin's value will significantly outpace gold's. Bitcoin has already shown a strong performance against gold in recent years. Since surpassing gold in price in 2017, Bitcoin has remained higher, even during market downturns. In 2023, both assets rebounded after a challenging 2022. Historically, Bitcoin has proven its resilience and potential for high returns. The cryptocurrency’s ability to weather market fluctuations and emerge stronger aligns with Brandt's forecast. As the market evolves, Brandt's projection offers a compelling perspective for investors. However, predicting market movements is inherently uncertain. While Brandt's track record adds weight to his prediction, investors should remain cautious. The interplay between Bitcoin and gold will continue to be a key focus in the financial markets.

Robert F. Kennedy Jr. revealed his ownership of 21 bitcoins. The disclosure came during a talk at the Consensus 2024 conference in Austin, TX. Kennedy, who is willing to run for President, stressed his deep commitment to cryptocurrency. Kennedy purchased the bitcoins for his children. He said the move was part of his broader support for digital assets. His comments drew applause from the crypto-friendly audience. Kennedy, a Democratic presidential candidate, linked crypto to economic freedom. He believes cryptocurrencies can protect civil liberties. This stance aligns with his campaign themes of financial independence. His purchase of 21 bitcoins wasn't just symbolic. It underscores his belief in the future of digital currencies. Kennedy highlighted the potential of blockchain technology to enhance transparency. He also criticized central bank digital currencies (CBDCs). According to Kennedy, CBDCs could lead to increased government surveillance. He argued that decentralized cryptocurrencies offer a safeguard against this threat.

Bluntz, a crypto analyst who famously predicted Bitcoin's 2018 bottom, has turned his sights to FLOKI. He foresees significant gains for this Shiba Inu competitor. FLOKI has drawn attention after nearly doubling in May, but Bluntz believes it's just the beginning. Bluntz shared his bullish outlook on X, formerly Twitter. He compared FLOKI’s price movement to PEPE, another meme coin that performed exceptionally well recently. FLOKI’s chart shows higher lows and highs, a bullish sign. According to Bluntz, this pattern suggests more upward movement. The analyst predicts a 100% increase in FLOKI’s price, potentially reaching $0.00075. Currently trading at $0.000246, this would represent a nearly 200% surge. However, FLOKI faces resistance levels that could slow its rise. The prediction comes despite current bearish pressure, with Bitcoin's price dip affecting FLOKI. Yet, Bluntz’s reputation lends weight to his forecast. He gained credibility by accurately calling Bitcoin's 2018 bottom, making his FLOKI prediction noteworthy. FLOKI isn't alone in the meme coin market downturn. Shiba Inu, Dogecoin, and others have also seen declines. Shiba Inu dropped over 5%, while Dogecoin and PEPE experienced losses too. These declines, however, haven't dampened Bluntz’s optimistic view on FLOKI. If Bluntz is correct, FLOKI could soon be a top performer. The crypto market is watching closely to see if his bullish prediction pans out. For now, investors eye FLOKI's potential as a high-reward opportunity amidst a volatile market.

The rise of Bitcoin spot ETFs in the United States has dealt a blow to their European counterparts. Since January, European Bitcoin ETFs have seen net outflows of $500 million, according to Financial Times. This comes despite Bitcoin's 54% price increase, which has spurred global demand. The US ETFs, launched in January, have collectively absorbed $13.6 billion in net inflows. BlackRock and Fidelity's funds, with low management fees of 0.25%, have led the charge. In contrast, Europe's more expensive offerings are struggling to compete. Grayscale's Bitcoin Trust, now an ETF, has lost over half its Bitcoin holdings due to its higher fees. Similarly, Canada's Purpose Bitcoin ETF has seen its holdings drop significantly. European providers are now under pressure to reduce costs to remain competitive. VanEck's European business CEO, Martijn Rozemuller, noted small net inflows for their local Bitcoin and Ethereum ETNs since January. Despite the challenges, European crypto ETPs remain relatively large compared to US spot Bitcoin ETFs. The fee war between US and European funds is set to continue, reshaping the landscape of Bitcoin investment products. The success of US Bitcoin spot ETFs underscores the need for competitive fees and efficient market access. As the market evolves, European funds must adapt to retain their relevance.

BlackRock's iShares Bitcoin Trust (IBIT) has cemented its position as the world's largest Bitcoin ETF, amassing $20 billion in assets under management. This milestone underscores the growing institutional interest in cryptocurrency and BlackRock's dominance in the financial markets. IBIT’s rapid ascent is remarkable. Launched with much anticipation, it quickly attracted substantial inflows, outpacing competitors like Fidelity’s Wise Origin Bitcoin ETF. The strong performance of Bitcoin, coupled with BlackRock’s reputation, has driven investors to flock to IBIT, Bitcoin Magazine states. The ETF’s impressive growth has been fueled by record trading volumes. Recently, IBIT set a new single-day trading volume record of $3.8 billion, reflecting heightened investor activity and confidence in Bitcoin’s potential. Analysts have been closely watching IBIT’s performance, noting its significant inflows even amid market volatility. As of the latest reports, IBIT has nearly matched the assets of the Grayscale Bitcoin Trust (GBTC), positioning itself to potentially surpass it in the near future. BlackRock's success with IBIT is also a testament to the increasing acceptance of Bitcoin within traditional finance. The ETF’s performance highlights a shift in sentiment, with more institutional players considering Bitcoin a viable investment asset. This development not only solidifies BlackRock’s leadership in the ETF space but also signals a broader trend of mainstream adoption of digital assets. As Bitcoin continues to gain traction, IBIT’s growth story is likely to inspire further interest and investment in the cryptocurrency market.