Wall Street is valuing AI-leased megawatts significantly higher than those used for Bitcoin mining, with companies holding AI contracts trading at over 10x gross energy output compared to 2-6x for miners with no contracted capacity. This premium is being assigned before the capacity is fully built, creating a substantial funding gap.
Grayscale and VanEck have filed amended S-1 registration statements for their spot BNB ETFs, moving closer to potential SEC approval. BNB is the fourth-largest crypto by market cap but has not yet seen a US spot ETF, unlike Solana, Litecoin, and XRP.
Matthew Sigel of VanEck said Bitcoin could reach $1 million by the next US Presidential term. That puts a 1,150% increase as a 2031 target inside a market that is still trying to prove it can hold the $80,000 area. CryptoSlate's Bitcoin page shows BTC near $80,200 on May 9, with a market capitalization near […] The post Second Bitcoin ETF issuer predicts BTC hitting $1M – but cuts timeline to within the next US Presidential term appeared first on CryptoSlate.
VanEck’s Matthew Sigel says Bitcoin may reach $1 million in five years, comparing adoption trends to the video game industry’s shift to mainstream use.
VanEck analysts report bullish on-chain signals for Bitcoin, noting hash rate drawdowns historically resulted in 37.7% median gains 90 days later. Negative funding periods showed 11.5% average 30-day returns versus 4.5% overall, with returns jumping to 19.4% when funding dropped below -5%. Spot Bitcoin ETPs reversed five weeks of $4 billion outflows to net positive flows in six of seven weeks through April 11.
Crypto majors are mostly flat headed into Monday open; btc even at $90,600; eth +1% at $3,110, sol +2% at $140; xrp -2% to $2.04. Ip (+20%) and xmr (+15%) led top movers; xmr hit a new ath at $590. Fed chair Jerome Powell released a video message claiming that the criminal charges he faces are due to his not cutting interest rates in line with Trump’s wishes. X (twitter) announced plans for “smart cashtags” to show crypto and stock prices live next to tickers. Vaneck projected bitcoin could reach $53m by 2050, outlining long-term adoption, trade settlement and store-of-value assumptions driving 29% annual growth. Andreessen Horowitz (a16z) raised $15b to fund American Dynanism, with ai and crypto at the forefront. Ripple received FCA approval to scale crypto payments in the uk. Bny mellon debuted tokenized deposits for institutional and digital-native clients. A new house bill would bar lawmakers and federal officials from using prediction markets. Tether froze $182m in usdt linked to Venezuela oil trades.
