In a bite-sized digest of hot stories from Bitcoin.com News this week, a new Finder survey knocks down earlier predictions of Ethereum’s price a notch, with crypto experts predicted a lower long-term price for the asset. Also, India urges G20 countries to bring cryptocurrencies into the “automatic exchange of information” framework, billionaire Thomas Peterffy weighs in on the future legality of investments and bitcoin, and SEC Chairman Gary Gensler discusses the U.S. Securities Oversight Service’s approach to crypto regulation. clarified the U.S. Securities and Exchange Commission’s approach to crypto regulation.
Finder’s experts predict a drop in Ethereum to $675 – a long-term.ETH forecast significantly lowered
A panel of “industry experts” predict that Ethereum will bottom out at $675 by the end of the year. They have “significantly downgraded” their forecast for ether since the start of 2022 and now expect the cryptocurrency’s price to end the year at $5739 by 2025 and $1711 before rising to $14412 by 2030.
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India asks G20 to include crypto in global “automatic exchange of information” framework
India’s Finance Minister has called on G20 countries to include cryptography within the “automatic exchange of information” framework, under which more than 100 countries have adopted common reporting standards.
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Billionaire Thomas Peterffy plans to buy bitcoin despite concernsthat BTC could “become worthless or illegal
Billionaire Thomas Peterffy, founder of Interactive Brokers, said he plans to buy more bitcoin if the cryptocurrency’s price reaches $12K. However, he is concerned that bitcoin could “become worthless or outlawed.”
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Gary Gensler Outlines What to Expect from SEC on U.S. Crypto Regulation
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler outlines what to expect from the securities watchdog on crypto regulation outlined what to expect from the group.” We also have strong authority from Congress to use exemptive powers that can tailor investor protections,” he explained.
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