Search results for Nakamoto Holdings
Crypto
AI could drive wider bitcoin adoption, Nakamoto Holdings CEO says convenience is key
A view has emerged that artificial intelligence could help expand bitcoin adoption. David Bailey, CEO and board chairman of bitcoin treasury firm Nakamoto Holdings, said the main barrier to bitcoin’s spread has been user interfaces rather than the asset itself. He said tools such as wallets and private keys have hindered access for years, and AI could conceal complexity. Analysts called the idea speculative but notable, and Bailey said institutional adoption is still early.
Crypto
Citi cuts 12-month bitcoin price target to $82,000
Citi cut its 12-month price targets for bitcoin and ether, lowering bitcoin to $82,000 from $112,000 and ether to $2,240 from $3,175. The bank scrapped its earlier assumption of $10 billion in net inflows to bitcoin spot ETFs over the next year, cutting it to zero. It cited a weaker ETF flow outlook, delays in U.S. Clarity legislation and concerns over selling by corporate holders.
Industry
Allbirds ditches shoes to pivot to AI infrastructure; shares surge more than 700 percent
U.S. footwear maker Allbirds surged more than 700 percent in a single day after news it will exit shoes and pivot to an AI infrastructure business. It plans to rename itself NewBird AI and lease high-performance GPU resources to developers and corporate clients. The company previously sold its shoe brand for $39 million and has a roughly $50 million convertible-bond financing facility. Critics note it lacks operating experience in hardware, data centres or cloud services.
