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MicroStrategy Executive Chairman Michael Saylor made one of his most ambitious forecasts at the Digital Asset Summit on March 26. He said that Bitcoin will one day reach a market cap of $500 trillion and surpass gold, real estate, and long-term financial assets as the top store of value. “Bitcoin is going to demonetize gold,” Saylor said as he delivered his keynote. Then it’s going to demonetize real estate that’s 10x more than gold. Then it’s going to demonetize every long-term store of value.” Saylor noted that the capital inflow into Bitcoin is in full swing and already underway. “Dollars…

Mark Chapman struck a sublime century and Nathan Smith claimed four wickets Saturday as New Zealand eased to a 73-run win over Pakistan in the first one-day international in Napier. Chapman’s career-best 132 formed the foundation of an imposing 344-9 at McLean Park before Pakistan’s promising chase capitulated to be all out for 271 in the 45th over. The tourists looked on track at 249-3, at that point needing 96 runs to win, with more than 11 overs remaining. However, seamer Smith (4-60) helped to spark a late collapse, with the last seven wickets falling for 22 runs. Earlier, the…

The Federal Deposit Insurance Corp. will no longer instruct banks to get prior sign-off before they engage in crypto activities — a standard that was set in 2022 and that effectively severed institutions from the digital assets sector as they waited for approvals that never came. The FDIC, which is the chief federal supervisor of thousands of typically smaller banks and runs the banking industry’s government backstop, had occupied a significant role in the crypto debanking saga. A courtroom fight with crypto exchange Coinbase had recently unveiled dozens of letters between the regulator and banks it supervised. In that 2022…

Romain Costaseca / Hans Lucas / AFP / Getty Images Shares of Mara Holdings, Strategy, and several other companies tied to cryptocurrencies fell Friday, along with the price of Bitcoin. Stocks were broadly lower Friday after inflation and consumer sentiment data raised concerns about the state of the economy. The price of Bitcoin surged in the wake of Donald Trump’s reelection on expectations of a friendlier regulatory environment, though the cryptocurrency lost some of those gains in recent weeks. Shares of Mara Holdings (MARA), Strategy (MSTR), and several other companies tied to cryptocurrencies fell Friday along with the price of…

Pakistan won the toss and elected to bowl in the first one-day international against New Zealand in Napier on Saturday. Both teams feature numerous changes to the squads that played out a five-match T20 series, won 4-1 by New Zealand. The tourists have welcomed back captain Mohammad Rizwan and batter Babar Azam after the key veterans were omitted for the T20 series. Seamer Akif Javed will make his international debut for Pakistan, while opening batsman Usman Khan and seamer Mohammed Ali are both playing their first ODI. New Zealand handed international debuts to opening batsman Nick Kelly and Pakistan-born all-rounder…

What would your finances have looked like had you diverted just $100 away from your 401(k) match in 2015 and purchased Bitcoin instead? Bitcoin opened at $320.43 on January 1, 2015. At that price, a $100 investment would have purchased approximately 0.3122 Bitcoin. As of March 29, Bitcoin is at $83,810.76, making the same $100 investment worth $26,159, a gain of over 26,000%. In contrast, if you had invested that $100 in a diverse 401(k) portfolio, average returns show an expected 5-8% gain per year, depending on your mix of stock, bond, and cash investments. In over a decade, that…

South Carolina has introduced House Bill 4256, allowing the state’s treasury to hold Bitcoin and other digital assets. It is the most recent state to adopt the Strategic Digital Assets Reserve Act. The legislation allows the state treasurer to use up to 10% of some unspent state funds, such as the General Fund and Budget Stabilization Reserve, for digital asset investments. These reserves would be limited to 1 million Bitcoin. “The creation of the Digital Assets Reserve will allow the State to own digital assets, including Bitcoin, as a financial asset,” the bill reads. It also notes that such assets…

A student works in the library on the campus of American University in Washington, D.C., U.S., March 20, 2025.Nathan Howard | ReutersThe more than 9 million student loan borrowers who are estimated to be late on their payments could experience “significant drops” in their credit scores during the first half of 2025, the Federal Reserve Bank of New York warns.Some people with a student loan delinquency could see their scores fall by as much as 171 points, the Fed writes in a March 26 report. Credit scores, which impact people’s ability and costs to borrow, typically range from 300 to…

Making predictions is notoriously tricky, even more so when trying to pinpoint where a leading cryptocurrency known for its volatility will be five years from now. Instead of trying to guess what Bitcoin’s (CRYPTO: BTC) value will be in the future, a better approach might be to look at what could push its price higher — and what might cause it to fall. As the past few months have already proven, there are compelling reasons to think Bitcoin’s value could rise or fall dramatically, thanks to increasing uncertainty in the U.S. economy. Here’s how it might play out for Bitcoin…

Washington CNN  —  Americans are not only increasingly fearful of higher inflation — with President Donald Trump set to announce a sweeping spate of tariffs in just a few days — but many more are now dreading rising unemployment. Consumer sentiment tanked 12% this month, the University of Michigan said in its latest survey released Friday. That was a slightly steeper decline than the one reported in a preliminary reading earlier this month. Respondents blamed Trump’s erratic trade war for their jitters, the survey said. “Consumers continue to worry about the potential for pain amid ongoing economic policy developments,” Joanne…