A panel of experts is expecting big things for the rest of this year — and even think BTC could hit $420,000 by 2030.
Bitcoin will hit highs of $81,680 this year and drop to $65,185 by December, according to a panel of 35 fintech and crypto experts. According to Finder, the specialists are also especially bullish in the long term — and believe BTC will be worth $179,280 by 2025, and $420,240 by 2030. But it isn't all good news for the world's biggest cryptocurrency, as 50% of those polled believe Bitcoin's network will eventually be overthrown by a more advanced blockchain. University of Canberra senior lecturer John Hawkins believes Ethereum will become the top dog in the years ahead — and as a result, BTC will plummet to $5,000 in 2025 and just $100 in 2030.
Snoop Dogg has announced that he's going to start farming digital weed in the metaverse. The American rapper — and his son Champ Medici — have entered into a partnership with Mobland, which describes itself as "the first-ever mafia metaverse." While owners won't be able to feel the physical effects of this virtual marijuana, they'll certainly be hoping that prices get high. In a rather tongue-in-cheek quote, Champ Medici said: "I saw my father play video games my whole life. Cannabis and game controllers live hand in hand with him, that's why I think it’s no brainer to bring the metaverse and digital weed together."
The beta version of Coinbase NFT has been released. A small number of users from its waitlist can now start buying and selling crypto collectibles. Transactions are going to be free for a limited time. The exchange's VP of product says users will be able to create a profile and decorate it with their favorite pieces of digital art. They'll also have the chance to follow other accounts, and comment on specific non-fungible tokens. New features are also in the pipeline — including exclusive drops and the ability to purchase NFTs with a credit card. Another interesting feature will see Coinbase NFT users given personalized recommendations on sales they might be interested in — and engaging in the marketplace by making purchases or following profiles will increase its accuracy.