Bitcoin's Journey to $90K: Cathie Wood Shares Her Insights
Cathie Wood, CEO of ARK Invest, believes that Bitcoin still has a "long way to go" despite its recent surge past the $90,000 mark. In an interview with CNBC’s Squawk Box on November 15th, she emphasized that regulatory relief is crucial for sustaining this momentum under the new administration. According to Cointelegraph, Wood highlighted how institutions are beginning to view Bitcoin as a distinct asset class and stressed her optimistic price prediction over the next five years.
Larry Dean Harmon Sentenced in Major Bitcoin Laundering Case
The US Department of Justice has sentenced Larry Dean Harmon from Ohio to three years in prison for operating Helix, a darknet cryptocurrency mixer service used primarily for illegal transactions like drug deals. As reported by The Verge, Harmon will also have to forfeit more than $400 million worth of assets after processing over 350,000 Bitcoins between 2014 and 2017 through his service designed to obscure transaction identities.
RFK Jr.'s Commitment to Bitcoin Amidst Economic Concerns
Robert F. Kennedy Jr., known for his advocacy towards cryptocurrencies like Bitcoin (BTC), recently reiterated his commitment by stating he invested most of his wealth into it. He describes BTC as the “currency of freedom” capable of hedging against currency inflation amidst rising U.S. government debt levels surpassing $36 trillion, according to Cointelegraph reports dated November 16th.
Sources:
- Bitcoin still has 'a long way to go' at $90K: Cathie Wood
- Dormant No More: 2012 Bitcoin Wallet Moves $35.7M, Linked to Last Month’s Whale Transfers
- An Ohio man guilty of Bitcoin laundering must forfeit over $400 million in assets
- Should You Forget Bitcoin and Buy Dogecoin Instead?
- 'I put most of my wealth into Bitcoin, so I am fully committed' — RFK
- Michael Saylor Targets $100K Bitcoin This Year — Says All Microstrategy Investors Want More BTC
