Monat: Dezember 2024

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Eric Trump praises Bitcoin, predicts it will hit $1M at Bitcoin MENA 2024

  • Eric Trump has predicted Bitcoin will hit $1M, citing its scarcity and potential.
  • Eric compared Bitcoin’s adoption to email, emphasizing early adopter advantages.
  • Eric lauded Bitcoin as a hedge against inflation, instability, and global risks.

Eric Trump, executive vice president of the Trump Organization and son of US President-elect Donald Trump, delivered a stirring keynote address at the Bitcoin MENA event in Abu Dhabi on December 10, 2024.

In his speech, he confidently predicted that Bitcoin’s price would one day surpass $1 million per coin, describing it as a transformative force in the global economy.

Eric Trump highlighted Bitcoin’s unique qualities, emphasizing its limited supply of 21 million coins, decentralized structure, and potential to serve as a hedge against inflation and political instability. “Bitcoin is not just another investment,” he stated. “It’s a global asset, a store of value, and a safeguard against the uncertainties of the world—be it economic turmoil, natural disasters, or geopolitical conflicts.”

The son of the US President-elect compared Bitcoin’s adoption journey to the widespread acceptance of email, which took decades to achieve mass use. He acknowledged that technological breakthroughs often face resistance initially, but once their utility becomes apparent, they are embraced universally.

“People are slow to adapt to new technology, just as they were with email in the 1970s. But as Bitcoin gains traction, the sceptics will realize its transformative potential,” Eric said.

Eric also addressed the role of financial institutions and governments, noting that many are beginning to pivot toward cryptocurrency. He shared an anecdote about a major bank executive, once sceptical of Bitcoin, now overseeing a crypto desk handling billions in investments.

According to Eric Trump, those who embrace Bitcoin early will reap significant rewards, while late adopters risk falling behind in the digital currency revolution.

Acknowledging Bitcoin’s recent milestone of surpassing $100,000 per coin on December 5, Eric expressed optimism about the cryptocurrency’s future. He concluded by encouraging the Bitcoin community to continue driving innovation and adoption, stating, “Bitcoiners, I love you. The Trump family stands with you. Together, we are witnessing the dawn of a new financial paradigm.”

The post Eric Trump praises Bitcoin, predicts it will hit $1M at Bitcoin MENA 2024 appeared first on CoinJournal.

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OKX Ventures boosts TON ecosystem with $5m investment

  • OKX Ventures’ investment adds to the recently launched $10 million Telegram Growth Hub.
  • The $5 million investment in TON Ventures targets growth for Telegram-powered apps on TON blockchain.

OKX Ventures, the investment arm of global crypto exchange OKX, has invested $5 million in TON Ventures to bolster the development of Telegram-powered TON applications.

The OKX Ventures team announced the investment in The Open Network blockchain’s dedicated venture capital fund on Dec. 10. Per the announcement, the investment will go into efforts to accelerate the TON ecosystem’s developer ecosystem.

“This investment, alongside our recently launched Telegram Growth Hub, demonstrates our long-term conviction in TON’s potential to drive mainstream adoption of onchain technologies. We’re excited to work closely with TON Ventures’ founding team, whose deep ecosystem expertise will be invaluable in scaling the next generation of TON-native applications,” OKX Ventures partner Jeff Ren noted.

OKX Ventures unveiled the $10 million Telegram growth hub alongside The Open Platform and Folius Ventures. The goal is to bring blockchain applications and its benefits to Telegram’s more than 950 million monthly active users.

Eyeing web3 expansion

TON has in the past several months witnessed the explosive surge and traction for mini-apps. Other than Catizen and Notcoin, there has been notable attention on projects such as OKX Racer.

“The OKX Ventures team were one of the first supporters of the TON value proposition, which sits at the intersection of Telegram’s social graph and TON’s blockchain rails, to develop a vibrant ecosystem of Web3 consumer applications that would onboard millions of people,” TON Ventures partner Ian Wittkopp said.

So far, TON Ventures has secured $40 million in funding, with the target for future development including gaming and monetization tools.

The post OKX Ventures boosts TON ecosystem with $5m investment appeared first on CoinJournal.