As the first month of the new year wears on, things continue to heat up on the world stage, including cryptocurrency price predictions, social media hype around meme coins like dogecoin, warnings of macroeconomic dangers, and growing political forces trying to pass regulations and policies to control unlicensed cryptocurrencies. For institutional investor sentiment on Bitcoin, Elon Musk and McDonald’s news, warnings of a “global recession” and more, see the latest Bitcoin.com Newsweek recap below.
Institutional investors expect “a strong year for Bitcoin” and are confident in the cryptocurrency’s long-term valuation, according to a new survey. Additionally, 65% of institutional investors surveyed believe Bitcoin could reach $100,000.
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Tesla and Twitter CEO Elon Musk has reiterated that he will eat a McDonald’s Happy Meal on TV if the fast food chain accepts the meme cryptocurrency Dogecoin (DOGE). Musk initially made the offer a year ago, but McDonald’s responded with a counteroffer at the time.
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We are in a global recession, says Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad. He warned that a surge in bankruptcies, unemployment and homelessness would be good news for investors looking for “bargains.”
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The U.S. state of New York has introduced a bill allowing state agencies to accept payments in cryptocurrencies, including bitcoin, ethereum, litecoin and bitcoin cash. The legislation proposes to allow the use of cryptocurrencies as a means of “paying fines, civil penalties, rents, rates, taxes, fees, charges” and more.
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What do you think of this week’s story? Do you think the New York government should accept crypto payments? Let us know in the comments section below.
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Rebecca French writes books about Technology and smartwatches. Her books have received starred reviews in Technology Shout, Publishers Weekly, Library Journal, and Booklist. She is a New York Times and a USA Today Bestseller...
