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Search results for June 30

Crypto

Bitwise raises Bitcoin base-case target to $1,599,766 by 2036

Asset manager Bitwise raised its base-case target for Bitcoin in 2036 to $1,599,766, up from $1.3 million a year earlier, Bitcoin Magazine reported. The forecast assumes a 34.3 percent compound annual growth rate from a Sept. 30, 2026 price of $83,557. Bitwise cited growing institutional allocations, constrained new supply and rising government debt. It also pointed to regulatory and technical risks, including quantum computing threats.

AI & Enterprise

Anthropic cash holdings top $131.7 billion, outstrip Nvidia and Apple combined

Anthropic held $131.7 billion in cash and short-term investments as of end-June, including $112.4 billion in cash and $19.3 billion in short-term assets, according to an IPO filing. It was the third-largest cash pile among U.S. non-financial companies after Berkshire Hathaway and Alphabet, the report said. The company also disclosed large future obligations tied to computing and infrastructure spending and contractual minimum payment commitments.

Crypto

Galaxy Research says bitcoin bear market has ended, cites four signs of accumulation phase

Galaxy Research said bitcoin’s bear market ended in June and that the market has entered an accumulation phase. It said the current period is attractive for buying and holding, with bitcoin trading around $80,000 when the report was written. The firm cited four factors: improving technical indicators, easing institutional selling pressure, U.S. fiscal strains that could lift inflation pressure, and a shift in investor attention toward assets other than bitcoin.