Early Access is ready to Go, Yusko predicts $250k, EU votes for MiCA and biggest hasrate increase in year

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Mark Yusko still bullish about price BTC

According to the hedge fund veteran, bitcoin skyrocketing to $250,000 seems “easy” to him but notes that the “timing is harder.”

“I absolutely positively believe that Bitcoin is digital gold… I think it is a better form of value storage. I absolutely believe that. Gold has $10 trillion above ground. Half of it is in jewelry and chalices — that doesn’t count. The monetary value of gold is about $5 trillion.

So $5 trillion from BTC’s market cap of $400 billion today. That’s a10x.”

Yusko also says that another way to look at Bitcoin’s potential ascent to his massive price target is to take note of BTC’s historical performance each time it goes through a halving event.

“Every halving we had a zero — first halving was $10, second halving was $100, third halving was a $1,000 [and] fourth halving was $10,000, so that means that next halving is $100,000.”

Source: DailyHodl

EU Lawmakers Pass Landmark Crypto Assets Regulation Bill

European Union lawmakers yesterday signed off the Markets in Crypto Assets Regulation (MiCA) , which landmarks legislation that hopes to regulate the digital asset space within the union.

European Parliament officials voted 28 to 1 in favor of the legislation, which will, if passed in the next vote, require stricter rules for crypto companies.

Source: Decrypt

Bitcoin mining difficulty sees highest increase since May 2021

According to data from BTC.com, the BTC mining difficulty now has a value of 35.61T after the adjustment today, marking a new ATH.

An indicator that’s relevant to the mining difficulty is the hashrate, which measures the total amount of computing power connected to the bitcoin network.

Here is a chart that shows the trend in this metric over the past year:

Source: Bitcoinist

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