[Music] Hey, hamsters! At Bitcoin-friendly Vancouver, Jim Cramer’s effect on crypto could mean huge changes for crypto regulation in the U. S.
and new, impressive predictions for Bitcoin. In today's Hamster News episode, let's dive in. More crypto-friendly Canada: Vancouver Mayor Ken Sim is planning to make the city Bitcoin-friendly.
Sim wants to add Bitcoin to Vancouver's balance sheet as part of efforts to diversify its investments. Fun fact: Sim also accepted cryptocurrency as a donation during his mayoral campaign. Through diversification of financial resources, becoming a Bitcoin-friendly city is another very positive prediction for Bitcoin.
The CEO of Pantera Capital, a major U. S. hedge fund and venture capital company, believes that the cryptocurrency could reach as much as $740,000 by April 2028, with its market cap hitting $15 trillion.
The company is celebrating an impressive milestone during this bull run. Pantera’s Bitcoin fund bought 2% of all the Bitcoin in the world’s holdings back in 2013-2015, and it’s now up 1,000 times. A big change might be coming to U.
S. crypto regulation. Under the Trump administration, the administration is considering granting the Commodity Futures Trading Commission (CFTC) the right to oversee and regulate the crypto industry, which means it'll have more power than the SEC on the matter.
Very interesting, Jim Cramer! What did we ever do to you? Cramer, the TV host and investor who is famous for—how do we put this?
—silly being wrong, recommends owning crypto to Wall Street investors, saying digital assets have a place in every portfolio, and revealing that he himself has owned crypto for years. Cramer is already being blamed right and left for the current downtrend because Bitcoin, along with the rest of the market, went down right after Cramer praised BTC for the first time ever, calling it a winner on November 22. And now this!
Oh, Jim, why? All I can tell you is own Bitcoin; that's a winner. That’s all for today!
Thanks for watching. Subscribe and remember: there’s power—one for all and all for one. Bye!