Bitcoin and cryptocurrency have seen a remarkable resurgence this month, coinciding with U.S. President Donald Trump’s hints about a potentially groundbreaking announcement. For those looking to stay ahead of the game, Forbes’ CryptoAsset & Blockchain Advisor offers insights into blockchain investments that could yield returns of over 1,000%. Bitcoin’s value has surged past the $100,000 mark, marking a 30% increase since its lows in April. This significant rise has prompted a flurry of optimistic price predictions, suggesting that Bitcoin could ultimately surpass gold’s $20 trillion market cap. Additionally, David Sacks, who serves as the crypto advisor for President Trump, has made an unexpected forecast regarding Bitcoin’s future, while reports indicate that Mark Zuckerberg is considering integrating cryptocurrency support for Meta’s vast user base of 3 billion.
### Trump’s Tease Fuels Bitcoin Speculation
According to reports, Mark Zuckerberg, the CEO of Meta, is reportedly making efforts to further penetrate the expanding $3 trillion cryptocurrency market, which has experienced substantial growth over the past year. Meta is currently exploring partnerships with cryptocurrency companies to facilitate the use of stablecoins for managing payments, as noted by Fortune citing unnamed sources. The tech giant, which oversees platforms such as Facebook, Instagram, and WhatsApp, is still recovering from its previous unsuccessful venture to launch a cryptocurrency, known as Libra, which faced significant regulatory hurdles in 2019.
In the meantime, the market for dollar-pegged stablecoins has flourished, largely due to Trump’s supportive stance on Bitcoin and crypto, including his goal to enact landmark legislation that would integrate these digital currencies into the conventional financial landscape. Tether, the leading stablecoin, saw its profits soar to $13 billion last year, prompting a wave of competitors, including major firms like PayPal and Bank of America, to either develop or launch their own dollar-pegged stablecoins.
### Meta’s Return to the Crypto Scene
Research from Standard Chartered Bank last month indicated that the stablecoin market could expand to $2 trillion by 2028, rising from its current valuation of $230 billion, largely driven by favorable U.S. legislation for cryptocurrencies. During a recent conference hosted by Stripe, Zuckerberg discussed the need for Meta to innovate and regain its position in the crypto space. He acknowledged, “There’s plenty of things that [we’re] late to, and have to claw our way back into the game, which I think we’re pretty good at.”
Arnoud Star Busmann, CEO of Quantoz Payments, a Netherlands-based stablecoin provider, commented that incorporating stablecoins into Meta’s ecosystem aligns well with existing practices within the metaverse and gaming sectors, where stablecoins are commonly used for transactions. He emphasized that the potential scale of Meta’s user base highlights the growing adoption of stablecoins as an efficient payment solution.
