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Saylor Teases New Bitcoin Buy After Strategy’s $7.69 Billion Q1 Buying Spree Strategy CEO Michael Saylor in 2021 (Photo by Joe Raedle/Getty Images)

Bitcoin's Future Looks Bright 🚀 Bitcoin's potential to reach $1.8 million by 2035 is looking promising 📈, according to analyst Joe Burnett. Burnett shared his insights during Cointelegraph's Chainreaction live show, citing two models that support this prediction: *Key Predictions 🤔* - *Parallel Model:* $1.8 million by 2035 💸 - *Bitcoin 24 Model:* $2.1 million by 2035 🚀 Why Bitcoin Will Thrive 🌟 Burnett believes Bitcoin's advanced technological properties will drive its growth, comparing it to the automobile industry surpassing the horse and buggy industry 🐎🚗. *Potential Milestones 🏆* - *Rivaling Gold's Market Cap:* Bitcoin's market capitalization could rival or surpass gold's $21 trillion, potentially making Bitcoin worth $1 million per coin 💡 Market Sentiment 📊 Despite the optimistic predictions, investors are currently cautious due to global trade tensions and tariff uncertainty 🌪️. Some are opting for safer assets like gold, which has seen a 23% increase in price this year 💎. *What's Next? 🔮* Will Bitcoin reach $1.8 million by 2035? 🤔 Only time will tell, but one thing is certain - the future of cryptocurrency is looking bright 🌟.$BTC

In recent days, Donald Trump and his administration have been pushing for a no-holds-barred approach to imposing tariffs on dozens of countries. Even some administration officials were laughing when a report first emerged that the president had agreed to a 90-day suspension of tariffs, which briefly sent global stock markets soaring. But now that the suspension has been confirmed, the implementation of Trump's promise to reform the US manufacturing sector is likely to be delayed. The White House said the initial announcement, before a brief pause, was meant to allow for negotiations with individual countries. "We have over 75 countries now contacting us, and I know more will come," Treasury Secretary Scott Bessent said in a press conference shortly after the announcement. So is the U.S. withdrawal due to initial resistance, or is it a Trump strategy before he enters the negotiations? Shortly after the announcement, some of Trump's aides - who had initially shown no sign of backing down - came out to cheer the administration's new move. The president's trade adviser, Peter Navarro, said the new move came at the right time and in the right way. There were no details on Trump's tariff suspension, which he announced on his Twitter account Truth. But does the suspension include the European Union? By "Europe," he means Mexico and Canada, which initially waived the 10 percent tariff. Will the tariffs only apply to certain categories? On Wednesday evening, Trump confirmed that the global trade slowdown, and "people are showing their concern" after initially appearing to be indifferent to what was being said. He initially appeared on his Truth blog, urging people to "stay calm," and promised that "everything will work out." Trump himself ultimately called off the effort to make some changes to his own policy. He insisted that the tax cuts were a mistake, suggesting that the economic slowdown was a long-overdue problem. For their part, Democrats have expressed their displeasure with Trump's actions, with Senate Minority Leader Chuck Schumer accusing Trump of "a chaotic administration." But it is thought that the reasons for Trump's decision to cancel the effort may not be entirely unfounded. This move, as seen, has caused global stock markets to rise, but now the trade war between China and the United States is heating up, as the tariffs imposed on China have reached 125 percent. This move must affect global trade, but it is also part of the US foreign policy - at least under the former president, Joe Biden, who is a Democrat - because they are interested in reducing China's power. Now the main wait is whether the steps that Trump has taken in recent weeks - confusing US allies and threatening to create a new global trade order - will have any effect. And in 90 days, after this Trump-imposed suspension expires, it is possible that the drama that began this week could return to normal.

The U.S. Department of Justice is disbanding the National Cryptocurrency Enforcement Unit, citing its ‘reckless strategy’ in prosecuting crypto firms in the previous administration. According to a recent report by Fortune, a four-page memo issued by U.S. Deputy Attorney General Todd Blanche revealed the decision to disband the crypto-related investigation unit “effective immediately.” The decision is part of the Trump administration’s efforts to loosen oversight on the crypto industry. ““The Department of Justice is not a digital assets regulator. However, the prior Administration used the Justice Department to pursue a reckless strategy of regulation by prosecution,” stated Blanche in the memo. Following the announcement, Blanche also urged DOJ staff members to spend less time pursuing cases against crypto exchanges, mixers and “offline wallets.” Instead, they are directed to focus on prosecuting “individuals who victimize digital asset investors.” The National Cryptocurrency Enforcement Unit was established under Joe Biden’s presidency as a joint task force that consisted of prosecutors from the Justice Department’s money laundering , cybercrime units, as well as other district offices. The The National Cryptocurrency Enforcement Unit task force oversaw some of the largest crypto cases in the country. One in particular was the case against cryptocurrency mixing service Tornado Cash , which was prosecuted for money-laundering charges. Tornado Cash co-founder Roman Storm stated on Jan. 26 that he faces up to 45 years of imprisonment for operating an unlicensed money-transmitting business, conspiracy to commit money laundering and sanction evasion. Many crypto industry figures stood in support of Tornado Cash, viewing it as a case that criminalized software developers. Most recently on March 21, the U.S. Treasury lifted sanctions against Tornado Cash, allowing Americans to access it once more. The NCET also prosecuted Avraham Eisenberg, a hacker who exploited a crypto trading protocol Mango Markets for more than $114 million. Last January, the platform officially announced it was completely shutting down operations, giving users a deadline to close positions before they can no longer access the site. In addition, the joint investigation unit had also led investigations that scrutinized North Korean actors who helped launder funds stolen from crypto hacks.

As the stock market declines due to U.S. tariffs on most of its trading partners, Bitcoin has shown some resilience. An expert at Unchained explains why. US stocks have seen some of the worst performance in years. However, Bitcoin (BTC) showed relative resilience, which is great news for institutional investment, explains Joe Burnett, Director of Market Research at the crypto financial firm Unchained. Trump's tariffs are here, U.S. equities are crashing, and China is retaliating. Now may be one of the best times to build a meaningful bitcoin position. Not financial advice. pic.twitter.com/Rf9Z01wrHM On April 4, the Dow Jones Industrial Average shed more than 2,200 points, adding to Thursday’s decline of 1,679 points. This was the worst two-day performance in history, leaving many equity investors anxious over the weekend. At the same time, Bitcoin showed relative resilience , even starting to recover, and actually registered a 2.2% gain in the last 24 hours. Burnett suggested that this is a repeat of the pattern from 2020, when Bitcoin prices led the market recovery. Recalling March 2020, bitcoin rapidly bottomed and recovered first (before U.S. equities), a pattern potentially repeating today as bitcoin hasn’t made new lows since March 11th. Due to Bitcoin’s high volatility, Burnett said it is often the first asset investors sell when liquidity dries up. However, because the selloff is typically fast and aggressive, Bitcoin often bottoms before equities. This may also indicate that stocks are nearing a bottom. Supporting this view is the AAII investor sentiment survey, which fell to 19.11% on March 13, the lowest level since the pandemic. This extreme negative outlook could mean that stocks are set for a reversal. Still, Burnett cautioned that this does not guarantee Bitcoin is out of danger. Of course, if stocks continue falling aggressively over the coming weeks, it’s reasonable to expect that bitcoin could experience another leg down too.