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In this week’s bite-sized roundup of the hottest stories from Bitcoin.com News, a new Finder survey knocks previous forecasts for ethereum’s price down a notch, with crypto experts predicting lower long-term prices for the asset. India also urges G20 nations to bring cryptocurrencies under the ambit of “Automatic Exchange of Information”, billionaire Thomas Peterffy weighs in on investments and the future legality of bitcoin, and SEC Chairman Gary Gensler clarifies the US securities watchdog’s approach to crypto regulation.
A panel of “industry experts” has predicted that Ethereum will bottom out at $675 before the end of the year. They have “significantly lowered” their ether predictions since the start of 2022 and now expect the cryptocurrency’s price to end the year at $1,711 before rising to $5,739 by 2025, and $14,412 by 2030.
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India’s Finance Minister has urged the G20 countries to bring crypto under the “Automatic Exchange of Information” framework. More than 100 countries have adopted the Common Reporting Standard under the framework.
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Billionaire Thomas Peterffy, founder of Interactive Brokers, says he plans to buy more bitcoin if the price of the cryptocurrency hits $12K. However, he remains concerned that bitcoin could “become worthless or banned.”
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The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, has outlined what to expect from the securities watchdog on crypto regulation. “We have robust authority from Congress as well to use our exemption powers with which we can tailor investor protections,” he explained.
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What do you think of the hottest stories from Bitcoin.com News this week? Be sure to let us know in the comments section below.
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