EMJ Capital CEO Eric Jackson has laid out one of the most aggressive long-term bitcoin targets in the space yet, arguing in an interview with reporter Phil Rosen that the cryptocurrency could reach $50 million per coin by 2041. His projection is tied to a thesis that bitcoin will evolve from “digital gold” into the core collateral layer of the global financial system. Jackson said his thinking grows out of the same “hundred bagger” framework he used when buying beaten-down equities like Carvana. He recalled entering Carvana after its share price collapsed from around $400 to roughly $3.50 in 2022, at a time when sentiment was almost universally hostile. “You would hear things like, that’s run by a bunch of criminals. This is what a bunch of idiots. Like you’d have to be an idiot to let your company go from $400 this year to $450 or $350 rather,” he told Rosen. Related Reading: Bitcoin Market Profitability Hits ‘Complete Reset’ — What’s Next For Price? For Jackson, that period illustrated how markets behave at extremes. “It’s human nature almost that when you’re in the moment of max pain or pessimism, you can only see what’s right in front of you,” he said. Yet the underlying product remained strong: “It wasn’t a broken platform. It wasn’t a broken service […] they would tell you they loved it. It was so easy. It was the best customer experience they had.” From there, he could “envision how they were going to be like a much more profitable business” once the company focused on profitability and addressed its debt. Jackson’s Long-Term Thesis For Bitcoin He applies the same long-horizon lens to bitcoin, arguing that the day-to-day ticker and polarized narratives obscure its structural potential. “We get so tied to turning on the TV and just seeing, like, what’s the price of Bitcoin today […] Some people are bearish and they say, oh, it’s a Ponzi scheme. And some people are bullish and they just, you know, throw these like kind of pie in the sky targets that you can’t really tie to reality,” Jackson said. “It’s kind of hard to latch on to like, what is the value of this thing?” Jackson begins with the common “digital gold” framing. He asks how large the gold market is, how many central banks and sovereigns hold it and why. “Could Bitcoin be as big as gold one day? That seems like a safe assumption,” he argued, adding that because it is “digital” and “programmable” rather than a “hunk of rock,” younger generations may prefer it as a store of value. But he stresses that this is only part of the story, as bitcoin has not become a medium for daily transactions “since the guy who bought pizza with Bitcoin back in like 2011.” The “penny dropped,” he said, when he began to think in terms of what he calls the “global collateral layer” that underpins borrowing by sovereigns and central banks. Historically, that base layer moved from gold to the Eurodollar system from the 1960s onward, and today is heavily intertwined with sovereign debt. “All the countries around the world issue debt and then they kind of borrow against that and they do their daily like government transactions,” he noted, but “there are problems with that.” Related Reading: Is The Bitcoin Bottom In? Top Analyst Assigns 91.5% Probability In Jackson’s “Vision 2041,” bitcoin replaces the Eurodollar and, functionally, becomes the neutral asset that other balance sheets are built upon. He argues that bitcoin is “much superior” as collateral because it is digital and “apolitical,” sitting outside central banks and the influence of “whoever the latest treasury secretary here is in the US.” As with the Eurodollar, he does not see this as a direct attack on the dollar or Treasuries, but as a new underlying layer: “There’s some underlying thing that a lot of other countries and the financial systems borrow against to kind of do things.” Eric Jackson (@ericjackson) expects bitcoin to hit $50 million by 2041. He compares his thesis to how he knew Carvana, $CVNA, would be a 100-bagger stock pick. pic.twitter.com/CA9BWoR4zF — Phil Rosen (@philrosenn) December 7, 2025 Looking ahead 15 years, Jackson envisions sovereigns that currently issue and roll debt instead “rely on Bitcoin,” because “over time, like that’s much more logical.” Given the “enormous” scale of the sovereign debt world, he argues that if bitcoin becomes the dominant collateral substrate, its price per coin would need to reach orders of magnitude above current levels—hence his $50 million-by-2041 target. At press time, Bitcoin traded at $91,574. Featured image created with DALL.E, chart from TradingView.com
The protocol still consists of casts, follows, reactions, identities and wallets, and third-party clients are free to emphasize whichever components they want.
Binance’s international operations and liquidity will now be supervised end-to-end by the Financial Services Regulatory Authority in the financial free zone in Abu Dhabi.
Decentralized messengers shift security beyond encryption by reducing metadata, limiting data requests and preparing for post-quantum threats.
Coinbase halted services entirely in 2023, off-boarded millions of Indian users and shuttered local access while reassessing regulatory exposure.
ZKsync says the first Ethereum zero-knowledge rollup blockchain will have an “orderly sunset” next year, as it has served its purpose.
Bitcoin is holding a critical Fibonacci support level, but analysts warned that a break could trigger losses down to April lows of $76,000.
Robinhood said it is buying Indonesian brokerage PT Buana Capital Sekuritas and digital asset trader PT Pedagang Aset Kripto.
In its 4.5-year run, Farcaster failed to find a sustainable growth mechanic in the social app, co-founder Dan Romero said.
Asian equities opened the week slightly higher ahead of a heavy run of central bank decisions, including a Federal Reserve meeting where markets have largely priced in a 25-basis-point rate cut.
The digital bank now offers BTC, ETH, SOL and more via a secure app integration with US fintech firm Alpaca.
Robinhood is buying a local brokerage and crypto firm as the country tightens digital finance rules and remains a leading crypto market.
Institutional demand for XRP ETFs has surpassed $1 billion, despite muted retail interest.
Abu Dhabi’s Financial Services Regulatory Authority has granted licenses to three Binance entities covering exchange, clearing, and brokerage functions.
Solana started a recovery wave above the $132 zone. SOL price is now consolidating and faces hurdles near the $138 zone. SOL price started a decent recovery wave above $130 and $132 against the US Dollar. The price is now trading below $138 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $132 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $138 and $140. Solana Price Eyes Upside Break Solana price remained stable and started a decent recovery wave from $128, like Bitcoin and Ethereum. SOL was able to climb above the $130 level. There was a move above the 23.6% Fib retracement level of the downward move from the $147 swing high to the $128 low. Besides, there was a break above a key bearish trend line with resistance at $132 on the hourly chart of the SOL/USD pair. Solana is now trading below $138 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $137 level, the 100-hourly simple moving average, and the 50% Fib retracement level of the downward move from the $147 swing high to the $128 low. The next major resistance is near the $140 level. The main resistance could be $142. A successful close above the $142 resistance zone could set the pace for another steady increase. The next key resistance is $150. Any more gains might send the price toward the $155 level. Another Decline In SOL? If SOL fails to rise above the $140 resistance, it could continue to move down. Initial support on the downside is near the $132 zone. The first major support is near the $130 level. A break below the $130 level might send the price toward the $128 support zone. If there is a close below the $128 support, the price could decline toward the $120 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $132 and $130. Major Resistance Levels – $138 and $140.
Coinbase's re-entry into India could intensify competition among global exchanges, potentially accelerating crypto adoption in the region.
The post Coinbase resumes user registrations in India, plans fiat on-ramp by 2026 appeared first on Crypto Briefing.
ETH mirrors BTC's counter-trend consolidation as XRP probes key $2 support and SOL remains directionless
Binance's ADGM authorization strengthens its global regulatory compliance, enhancing trust and expanding its influence in digital finance.
The post Binance secures full ADGM authorization for exchange, custody, and broker-dealer services appeared first on Crypto Briefing.
The move underscores Coinbase’s view of India as a long-term growth market, despite policy uncertainty in the near term.
Indian users can currently trade only between cryptocurrencies, with a full fiat on-ramp expected in 2026, TechCrunch reported.
XRP price started a recovery wave above $2.050. The price is now showing positive signs but might struggle to clear the $2.10 resistance. XRP price started a recovery wave above the $2.050 zone. The price is now trading above $2.060 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.090 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $2.160. XRP Price Faces Uphill Task XRP price remained supported above $2.00 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $2.020 and $2.050 to enter a positive zone. There was a clear move above the 23.6% Fib retracement level of the downward move from the $2.2130 swing high to the $1.990 low. However, the price is now facing resistance near $2.10. There is also a connecting bearish trend line forming with resistance at $2.090 on the hourly chart of the XRP/USD pair. The price is now trading above $2.060 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.10 level and the trend line. The first major resistance is near the $2.1250 level. A close above $2.1250 could send the price to $2.160 and the 76.4% Fib retracement level of the downward move from the $2.2130 swing high to the $1.990 low. The next hurdle sits at $2.220. A clear move above the $2.220 resistance might send the price toward the $2.280 resistance. Any more gains might send the price toward the $2.350 resistance. The next major hurdle for the bulls might be near $2.450. Another Decline? If XRP fails to clear the $2.10 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.050 level. The next major support is near the $2.00 level. If there is a downside break and a close below the $2.00 level, the price might continue to decline toward $1.9650. The next major support sits near the $1.920 zone, below which the price could continue lower toward $1.850. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.020 and $2.00. Major Resistance Levels – $2.10 and $2.160.
It was only last month when Jack Mallers, CEO of Bitcoin payments company Strike, accused JPMorgan of closing his personal accounts without explanation.
Ethereum price started a fresh increase above $3,000. ETH is now consolidating gains and might aim for more gains above $3,150. Ethereum started a fresh increase above the $3,000 and $3,020 levels. The price is trading above $3,050 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,150 zone. Ethereum Price Eyes Additional Gains Ethereum price managed to stay above $2,920 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $3,000 and $3,020 resistance levels. Recently, the price saw a downside correction from the $3,240 zone. There was a drop below the 50% Fib retracement level of the upward wave from the $2,718 swing low to the $3,240 low. However, the bulls remained active near the $2,920 zone. Ethereum price is now trading above $3,050 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,140 level. There is also a key bearish trend line forming with resistance at $3,140 on the hourly chart of ETH/USD. The next key resistance is near the $3,200 level. The first major resistance is near the $3,250 level. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. Another Downside Correction In ETH? If Ethereum fails to clear the $3,140 resistance, it could start a fresh decline. Initial support on the downside is near the $3,050 level. The first major support sits near the $3,000 zone. A clear move below the $3,000 support might push the price toward the $2,950 support. Any more losses might send the price toward the $2,920 region and the 61.8% Fib retracement level of the upward wave from the $2,718 swing low to the $3,240 low. The next key support sits at $2,840 and $2,820. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,050 Major Resistance Level – $3,140
Robinhood acquired an Indonesian brokerage and digital asset trading firm to access a market with 17 million crypto investors.
By reducing token emissions, the halving is poised to be a positive catalyst for TAO price, a Grayscale analyst said.
Cryptocurrency and blockchain did not receive a mention in Donald Trump’s national security priorities, despite the president’s desire for the US to become a hub for crypto.
Buterin proposed a system akin to prediction markets for gas fees, to provide Ethereum users with a means to hedge against future network fee volatility.
Bitcoin price started a fresh increase above $90,500. BTC is now consolidating gains and might attempt an upside break above $91,650. Bitcoin started a fresh increase above the $90,500 zone. The price is trading above $91,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $90,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it settles above the $91,650 zone. Bitcoin Price Faces Resistance Bitcoin price managed to stay above the $90,500 zone and started a fresh increase. BTC gained strength for a move above the $91,500 and $92,500 levels. There was a clear move above the $93,000 resistance. A high was formed at $94,050 and the price recently corrected some gains. There was a drop below the 50% Fib retracement level of the upward move from the $83,871 swing low to the $94,050 high. However, the bulls were active near the $87,800 support and the 61.8% Fib retracement level of the upward move from the $83,871 swing low to the $94,050 high. The price is again rising above $90,000. There was a break above a key bearish trend line with resistance at $90,000 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $91,000 and the 100 hourly Simple moving average. If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $91,650 level. The first key resistance is near the $92,000 level. The next resistance could be $93,000. A close above the $93,000 resistance might send the price further higher. In the stated case, the price could rise and test the $95,000 resistance. Any more gains might send the price toward the $95,500 level. The next barrier for the bulls could be $96,200 and $96,450. Another Decline In BTC? If Bitcoin fails to rise above the $91,650 resistance zone, it could start another decline. Immediate support is near the $90,000 level. The first major support is near the $89,500 level. The next support is now near the $87,800 zone. Any more losses might send the price toward the $87,250 support in the near term. The main support sits at $86,500, below which BTC might accelerate lower in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $90,000, followed by $89,500. Major Resistance Levels – $91,650 and $92,000.
ZKsync plans to consolidate its focus on systems built with the ZK Stack, Prividiums, and the broader ZKsync network after sunsetting ZKsync Lite.
With a court order, Canada's tax service obtained data on 2,500 Dapper Labs users, though the CRA originally asked for data on 18,000 people.