As the first month of the new year is behind us, things continue to heat up on the world stage in regard to crypto price predictions, social media hype surrounding meme coins like dogecoin, warnings of macroeconomic peril, and more and more political powers attempting to control permissionless cryptocurrencies via regulations and policy. For an institutional investors’ perspective on bitcoin, Elon Musk and McDonald’s news, warnings of a “global recession,” and more, see just below, in this latest issue of the Bitcoin.com News Week in Review.
Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit $100K, Survey Shows
A new survey shows that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation. In addition, 65% of institutional investors surveyed agree that bitcoin could reach $100,000.
Elon Musk Reaffirms Offer to Eat Happy Meal on TV if McDonald’s Accepts Dogecoin
Tesla and Twitter CEO Elon Musk has reaffirmed his commitment to eat a McDonald’s Happy Meal on TV if the fast food chain accepts the meme cryptocurrency dogecoin (DOGE). Musk originally made the offer a year ago but McDonald’s responded with a counteroffer at the time.
Robert Kiyosaki Says ‘We Are in Global Recession’ — Warns of Soaring Bankruptcies, Unemployment, Homelessness
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that we are in a global recession. Warning of soaring bankruptcies, unemployment, and homelessness, he noted that there is good news for investors looking for “bargains.”
New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies
A bill has been introduced in the U.S. state of New York to allow state agencies to accept cryptocurrency payments, including bitcoin, ether, litecoin, and bitcoin cash. The legislation proposes allowing crypto to be used as “a means of payment of fines, civil penalties, rent, rates, taxes, fees, charges,” and more.
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What are your thoughts on this week’s stories? Do you think New York’s government should accept crypto payments? Let us know in the comments section below.
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The week ended with a flurry of news and industry analysis about a variety of topics, ranging from the future for Bitcoin institutional investors in 2023 and entrepreneur Robert Kiyosaki’s warning that the global economy is in recession, to tech billionaire Elon Musk’s promise for the long-awaited release of a McDonald’s meal to the world.
Beginning with the forecast from Anthony Pompliano of Morgan Creek Digital, he stated that by 2023, it is likely we will see large-scale institutional adoption of Bitcoin (BTC) as an asset, with an estimated $100 billion invested by corporate and institutional players. This, he believes, will enable Bitcoin to reach $223,000 per coin by 2023, representing a significant increase from its present level of approximately $33,000.
Moving on to the economic climate and its likely effects, Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, warned that we are currently in a global recession, and cautioned the world to be prepared for tough economic conditions ahead. He predicted that the situation is likely to become more challenging, as more people are forced to borrow money to make ends meet.
Finally, tech titan Elon Musk, CEO of electric car maker Tesla, took to twitter on a lighter note to provide something to look forward to amid the economic gloom. He tweeted that the long-awaited release of a meal combining all of McDonald’s products – the “McGaurus” – is to roll out within five weeks. Although the news has yet to be confirmed by McDonald’s, the tweet certainly cheered up many.
In conclusion, Bitcoin appears to have a bright future ahead for large-scale institutional investors, although the overall economic climate does not appear to be so positive. Nonetheless, the promise of Musk’s much-anticipated McGaurus deal has provided some much-needed positivity and optimism going into the next week.
