Bitcoin’s Future: Beyond Payments as a Generational Asset
As Bitcoin continues to evolve, experts debate its primary focus. While some, like Twitter founder Jack Dorsey, advocate for scaling payments to maintain relevance, others argue that Bitcoin’s true potential lies in expanding its functionality for everyday users. This article explores the differing perspectives on Bitcoin’s future and why it may need to be more than just a payment network to thrive as a generational asset.
Bitcoin’s Focus Should Not Be Solely on Payments, Argues Expert
Twitter founder Jack Dorsey recently stated that Bitcoin should focus on scaling payments to remain relevant. However, an expert in the field disagrees, arguing that Bitcoin’s relevance can only grow by creating more functionality for everyday users. The expert believes that Bitcoin is a generational asset and that a good corporate strategy involves more than just holding BTC on a balance sheet. Instead, there should be more options for users to utilize their Bitcoin without selling or sending it away.
Peter Brandt Identifies Risky Bitcoin Pattern
Peter Brandt has identified an inverse Head and Shoulders pattern in Bitcoin’s price movement, which may be undergoing a retest. Bitcoin surged above $82,000 after a sharp drop triggered by macroeconomic developments, and the tariff reversal announced on April 9 helped spark renewed investor interest. The recent price movement has sparked a fresh debate among experts, with Brandt’s evaluation indicating a traditional reverse Head and Shoulders retesting pattern. Due to volatility, the market is observing upcoming significant price movements through both bearish and bullish lenses.
Block Inc Faces $40 Million Fine for Lax Bitcoin Transactions Oversight
Block Inc., the company behind Cash App and led by Jack Dorsey, has been fined $40 million by the New York Department of Financial Services (NYDFS) for widespread lapses in its anti-money laundering (AML) and compliance systems related to its virtual currency operations. The penalty, announced on April 10, highlights vulnerabilities that could have been avoided with proper oversight. NYDFS Superintendent Adrienne Harris emphasized that all financial institutions, whether traditional or emerging cryptocurrency platforms, must adhere to rigorous standards that protect consumers and the integrity of the financial system. Block is required to pay the fine.
Bitcoin Whale Demand Accelerating, Is BTC Ready For $90,000?
Bitcoin whale demand is surging, lifting Bitcoin prices. In the last three months, prices plunged by nearly 30% from all-time highs, triggering massive liquidations. As prices pick up momentum, the Bitcoin hash rate is also trending higher, recently reaching all-time highs. Although the Bitcoin price pulled back yesterday, dropping from $82,000, on-chain data points to strength. CryptoQuant analysts note that Bitcoin might be in the early stage of a higher correction. Large investors, or Bitcoin whales, are keen to buy more coins, accelerating their demand as solid evidence builds showing they are positioning for the next big price increase.
Human Rights Foundation Launches Bitcoin Alliance for Civil Liberties
The Human Rights Foundation (HRF) has launched the Bitcoin Humanitarian Alliance, a coalition of activists, humanitarian organizations, and pro-democracy movements. The alliance aims to leverage Bitcoin (BTC) to support civil liberties and deliver aid in financially repressive environments. It brings together frontline groups operating in jurisdictions where financial systems are used to block dissent, surveil critics, freeze donations, and obstruct humanitarian operations. The alliance provides a platform for these organizations to exchange knowledge on using Bitcoin as a censorship-resistant financial tool and collaborates with Bitcoin developers to build tools addressing privacy, access, and survivability.
