Financial advisor Ric Edelman compared buying bitcoin today to investing in Amazon in 1999, predicting the cryptocurrency will reach $500,000 by 2030 based on a 1% global asset allocation model.
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The U.S. Commodity Futures Trading Commission has introduced new regulatory guidelines allowing domestic cryptocurrency exchanges to voluntarily join a federal framework while major legislation remains stalled in Congress.
The International Monetary Fund approved a $139 million payout for El Salvador while urging the nation to scale back its state involvement in Bitcoin-related activities and halt further accumulation beyond donations.
South African financial institution Absa has become the continent's first bank to provide bitcoin custody solutions, catering initially to institutional clients with plans to add more digital assets later.
Bitcoin surpassed $87,000 during Friday morning trading, driven by steady exchange-traded fund activity and a weaker-than-expected U.S. jobs report indicating higher unemployment.