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Bitcoin Is Replacing Gold And Heading For A Million-Dollar Valuation, Tom Lee Declares

by admin August 19, 2025

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In the early days of Bitcoin, the largest cryptocurrency was seen as a mere tech asset by early adopters and developers with no intrinsic value. However, BTC has since grown at an exponential rate over the years, slowly earning the reputation of Digital Gold in the crypto and financial landscape.

Gold Out, Bitcoin Taking Over

Bitcoin’s mainstream status is growing strong across the broader financial sector, with many well-known figures and companies doubling down on the crypto king. As Bitcoin takes over the finance system, Tom Lee, Veteran market strategist and Fundstrat Global Advisors CEO, reignited the bullish debate around BTC, its stark transformative potential, and role.

Trending Bitcoin on the social media platform X shared a short clip of a recent interview where Fundstrat’s CEO made the bold declaration about BTC. While underscoring BTC’s evolution from an ordinary tech asset to a mainstream asset, Lee has once again doubled down on his bold forecast that BTC may reach the million-dollar valuation in the years ahead.

In the interview, Lee gave his latest remarks on BTC, emphasizing that Bitcoin is not just a speculative asset but a viable replacement for Gold, the world’s largest asset. This audacious claim by Lee positions the crypto king as the ultimate store of value in the dynamic digital era.

Lee’s statement that BTC will replace Gold is backed by the conviction of market participants and the use cases of the asset, which have several use cases. With institutional adoption growing and investor confidence in conventional hedges declining, Bitcoin’s resilience and scarcity will solidify its role as the contemporary counterpart and ultimate replacement of gold.

Considering these developments, the CEO has recalled his long-term bullish projections for Bitcoin, noting that it will hit the $1 million value over time. After sharing his price prediction, Lee also delved into the longstanding BTC 4-year cycle.

According to the veteran strategist, the 4-year cycle could be drawing close to its end for BTC. This is because of how institutions are adopting the asset as the thesis is taking place. As a result, institutional investors and essentially permanent holders of BTC will start engaging with the crypto asset.

Lee has declared this wave of strong investors a good thing for BTC. Thus far, the CEO expects the asset to significantly build on the $120,000, which would act as a launchpad to the $200,000 and $250,000 range before the end of this year.

Large Institutions Are Still Buying BTC

Despite facing heightened bearish pressure, large companies are showing robust confidence in Bitcoin, as they continue to purchase it in substantial portions. A recent BTC Buy from a Japanese-based firm, Metaplanet, demonstrates this persistent accumulation among big corporations.

In another strategic move, Metaplanet has acquired an additional 775 BTC, valued at $93 million at $120,006 per coin. According to the report shared by the firm’s president, Simon Gerovich, Metaplanet’s overall Bitcoin holdings now stand at 18,888 BTC, worth a staggering $1.9 billion. The data shows that the firm has achieved a yield of 480.2% year-to-date (YTD) in 2025.

BTC trading at $115,186 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

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August 19, 2025 0 comments

Crypto Trends

Polymarket Nails NYC Democratic Mayoral Primary Upset, Nears $1B Unicorn Valuation

by admin June 25, 2025

In brief

Blockchain-based prediction platform Polymarket correctly predicted the surprise victory of Zohran Mamdani in the New York City Democratic mayoral primary.
Traders pivoted sharply to Mamdani following an Emerson poll.
Polymarket is reportedly closing in on a $200 million funding round at a valuation north of $1 billion, led by Peter Thiel’s Founders Fund.

New York City wakes up Wednesday morning to a surprise: Zohran Mamdani has won the Democratic mayoral primary. While pollsters initially dismissed the progressive candidate, punters on blockchain-based prediction platform Polymarket correctly called his victory ahead of official confirmation.

Before Tuesday’s vote, conventional polls favored former Governor Andrew Cuomo.

But sentiment among participants on Polymarket shifted rapidly toward Mamdani, after an Emerson College poll released Monday morning highlighted his strength in ranked-choice voting scenarios.

BREAKING: POLYMARKET PROJECTS ZOHRAN MAMDANI AS WINNER OF NYC DEM MAYORAL PRIMARY.

99% chance.

— Polymarket (@Polymarket) June 25, 2025

Polymarket wasn’t alone in responding to the Emerson poll results. Kalshi, another prominent prediction market, reacted even faster, initially showing Cuomo with higher odds before sharply pivoting toward Mamdani in response to the poll.

Kalshi, which does not utilize blockhain infrastructure, reacted to the Emerson College poll with a sharper and faster swing than Polymarket. On Kalshi, Andrew Cuomo’s odds dropped from over 70% to 46% within hours of the poll’s release, while Mamdani surged from 27.2% to parity, according to data on Kalshi, which showed Cuomo at 73% as the poll went out.

By election morning, both platforms had converged on a near-certain Mamdani victory, ahead of official confirmation.

It’s been 45 minutes since Kalshi called it and mainstream media still hasn’t

Lesson in there

— Kalshi (@Kalshi) June 25, 2025

One of the biggest winners was a Polymarket user known as “GayPride,” who wagered $132,926 on Mamdani at 49.2% odds. The bet paid out approximately $268,000, illustrating both the high-stakes nature and earning potential of decentralized prediction markets.

Polymarket’s success with forecasting Mamdani’s surprise victory has reignited interest in its predictive capabilities; last year, it correctly predicted that Donald Trump would win the U.S. presidential election.

Polymarket’s $200m funding round

Polymarket’s latest win comes as the company closes in on a $200 million funding round at a valuation north of $1 billion, according to separately sourced reports from Reuters and Bloomberg on Tuesday.

The raise is reportedly being led by Founders Fund, the venture firm co-founded by Peter Thiel, known for early investments in Palantir, Meta, and OpenAI, as well as backing frontier projects like Sentient, an open-source AI initiative.

The vote of confidence from institutional backers like Founders Fund signals growing acceptance of blockchain-powered prediction platforms such as Polymarket.

Alex Solleiro, co-founder of DASTAN, the company behind both Decrypt and decentralized prediction market Myriad (which did not run a market on this particular election), commented on the significance of Polymarket’s achievement.

“Prediction markets once again show that they can break the news faster than media and predict elections better than polls and experts,” Solleiro said. “We have entered a new era in how information is sourced, shared, and incentivized.”

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June 25, 2025 0 comments

GameFi Guides

Ethereum to Gain New Unicorn as Polymarket Bags $1B Valuation

by admin June 24, 2025

Polymarket, an Ethereum-based prediction marketplace, is said to be nearing a huge funding round of up to $200 million that would make the company a unicorn valued at more than a billion dollars. The move is a major milestone in the evolution of crypto-native apps in 2025, as it shows an increasing institutional interest in Web3 platforms with practical applications

Institutional Momentum Drives Crypto Prediction Markets Forward

The potential funding round follows the successful round of Polymarket in May 2025, when the company raised 70 million dollars in a round that included a 25 million Series A round led by General Catalyst and a 45 million Series B round led by Founders Fund.

These previous rounds have been backed by high-profile investors such as Ethereum co-founder Vitalik Buterin and Airbnb co-founder Joe Gebbia, highlighting the platform wide appeal to tech and crypto communities.

Polymarket has established a niche in the prediction market by allowing people to wager on a wide range of real-world events, including political elections and international conflicts. The strategy has made it stand out among the conventional betting sites and demonstrated the feasibility of blockchain.

The recent collaboration with the X platform by Elon Musk also confirms the mainstream potential of the company without the need of a native token launch. The funding news comes at a time when there is a wider trend towards prediction markets, with such venues as the CFTC-regulated Kalshi gaining popularity in conventional finance.

In case it is successful, this funding round would make Ethereum-based Polymarket one of the few crypto unicorns in the present market cycle. It would indicate that institutional investors believe there is a lot of value in blockchain-based forecasting platforms that connect digital assets with real-world data.

Also Read: Bitcoin to Drop Below $95K This Month? Polymarket Sees 38% Chance

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June 24, 2025 0 comments

GameFi Guides

Ripple IPO Would Likely Have ‘Insanely Stupid Valuation’

by admin June 9, 2025

The cryptocurrency world is currently abuzz with several initial public offering (IPO) speculations following the glorious success of Circle (CRCL) on its NYSE debut. Among major crypto firms, Ripple—the blockchain company behind XRP—is a leading name that is poised for going public, which would have an “insanely stupid valuation,” says a popular crypto advocate.

The timing of this speculated IPO aligns with hints from Ripple CEO Brad Garlinghouse, who had previously indicated that the firm might reconsider going public by late 2025 or early 2026. However, Ripple has a long history of dismissing IPO plans due to its regulatory battles with the U.S. Securities and Exchange Commission (SEC).

The claim posted on X by the anonymous user Pentoshi, who has over 866K followers, suggested that Ripple’s move could be inspired by Circle’s IPO, which saw a record-breaking first-day surge.

Pentoshi’s post, which has sparked a flurry of reactions on X, calls out that Ripple’s IPO is “coming” and likely to have an inflated valuation, connecting it to the $1.72 billion left on the table by Circle’s underwriters.

Feels only logical that Ripple will have an IPO of it’s own soon following the CRCL IPO

it’s coming, you know it, and I know it

and likely at some insanely stupid valuation $XRP

— 🐧 Pentoshi (@Pentosh1) June 8, 2025

The current valuation for Ripple stands at approximately $11.3 billion, according to market speculators. Though XRP’s market cap is currently sitting at $132.68 billion—as per CoinMarketCap data. But, given that XRP is treated separately, it could conflict with the actual valuation of Ripple Labs as a listed company.

For Circle, its valuation currently stands at $16.6 billion, but the fully diluted market cap for USDC stablecoin is over $60 billion. From this angle, predicting a potential valuation for Ripple is too uncertain.

While igniting Ripple IPO rumors, Pentoshi’s X post had received a remarkable reaction from the crypto community, with some noting it would have no such impacts on the XRP price, nor will it be influenced by XRP’s dominance in the crypto industry.

“Honestly, an IPO at this point feels more like a formality than a surprise,” said a user. “The valuation will probably melt faces, but the real test will be if $XRP finally decouples from the SEC drama.”

Currently, there has been no official announcement from Ripple Labs, but Circle’s notable “pop” on the first day is largely hinting at a trend that Ripple and other crypto companies might seek to emulate.

Joining this race, the cryptocurrency exchange Gemini has already started preparing to go public, with it submitting a draft registration statement to the SEC on 6 June.

Also read: Ripple Teams Up with Web3 Salon to Empower Japan’s Digital Asset Ecosystem

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June 9, 2025 0 comments

NFT Gaming

Circle Targets $6.7 Billion Valuation In Ambitious US IPO Move

by admin May 28, 2025

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Circle Internet, the issuer of the USDC stablecoin, announced plans for an initial public offering (IPO) that could value the company at up to $6.71 billion on a fully diluted basis. The New York-based company aims to raise as much as $624 million by offering 24 million shares, with a pricing range set between $24 and $26 each.

Circle Plans To Offer 9.6 Million Shares In IPO

This move comes at a time when optimism surrounding cryptocurrencies is on the rise, particularly as the Trump administration has adopted a more favorable stance toward digital assets.

The administration’s promise of a “rational” approach to cryptocurrency regulations has encouraged companies in the sector to pursue public listings and increase their crypto investments, as evidenced by Strategy’s (formerly MicroStrategy) example.

Matt Kennedy, a senior strategist at Renaissance Capital, noted, “The outlook for crypto IPOs is better than at any point in the past three years.” He attributed this confidence to positive developments in trade negotiations between the US and its key trading partners, revitalizing the IPO market and easing the impact of previous tariffs.

In the upcoming offering, Circle plans to sell 9.6 million shares, while existing shareholders—including venture capital firms Accel and General Catalyst—will sell an additional 14.4 million shares.

Notably, Cathie Wood’s crypto exchange-traded fund (ETF) issuer, ARK Investment Management, has also expressed interest in purchasing up to $150 million worth of shares during Circle’s initial public offering.

Market Confidence Rebounds

Circle’s IPO is anticipated to be one of the largest cryptocurrency listings since Coinbase’s debut in 2021. Additionally, Mike Novogratz’s Galaxy Digital recently listed on the Nasdaq, further highlighting the increasing activity in the crypto public market.

Analyst Bo Pei from US Tiger Securities commented, “Circle’s return to the public markets indicates regained confidence—albeit at a 25% lower valuation, which reflects more realistic market conditions.”

The timing of Circle’s IPO coincides with the advancement of stablecoin legislation in the US Senate with the GENIUS Act, which could further enhance the adoption of cryptocurrencies in the US. J.P. Morgan estimates that the market for stablecoins could expand to between $500 billion and $750 billion in the coming years.

Upon completion of the IPO, Circle plans to list on the New York Stock Exchange under the ticker symbol “CRCL.” Leading underwriters for the offering include J.P. Morgan, Citigroup, and Goldman Sachs

The daily chart shows the total crypto market cap at $3.42 trillion. Source: TOTAL on TradingView.com

Such optimism toward digital assets has resulted in Bitcoin’s achievement of a new all-time high near the $112,000 mark last week and the total crypto market capitalization surging to a $3.5 trillion high.

Featured image from DALL-E, chart from TradingView.com

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May 28, 2025 0 comments

GameFi Guides

Stablecoin Giant Circle Files IPO on NYSE at $6.7 Billion Valuation

by admin May 27, 2025

In brief

Stablecoin giant Circle plans to go public via the NYSE, targeting a $6.7 billion valuation.
The USDC issuer seeks to raise up to $624 million by offering 24 million shares priced between $24 and $26 apiece.

Stablecoin issuer Circle is hoping to raise as much as $624 million for its much anticipated initial public offering.

The crypto giant—which is behind USD Coin (USDC), the seventh-biggest digital asset in existence—filed paperwork with the Securities and Exchange Commission Tuesday saying it would offer 24 million shares for $24 to $26 each. The firm is targeting a $6.7 billion fully diluted valuation.

Circle filed an S-1 form last month announcing its plans to go public—the latest company making moves to bring the fast-moving and sometimes convoluted world of crypto to the mainstream.

And it has big backers: Cathie Wood’s ARK Investment said it has interest in buying up to $150 million of shares in the IPO, the filing says.

Circle is expected to trade on the New York Stock Exchange under the ticker CRCL.

Circle’s crypto product, USDC, is one of the most important digital assets out there: Traders use stablecoins to enter and exit transactions; the digital tokens are considered the backbone of the crypto economy.

A total of $6.8 billion worth of USDC tokens have traded hands in the past day, CoinGecko data shows, making it the fourth-largest cryptocurrency in terms of volume. USDC’s market cap is currently valued at $61.5 billion.

USDC was launched by Circle and America’s biggest crypto exchange Coinbase in 2018 via the Centre Consortium. Coinbase, which went public in 2021, took an equity stake in Circle in August 2023 amid the dissolution of the consortium.

Circle tried to go public in 2022 via a SPAC, but scrapped the plans. Last year, rumors circulated that the firm would try again.

Amid IPO plans, Circle has reported been the target of acquisition attempts. In April, Bloomberg reported that crypto payments giant Ripple made a $4-5 billion offer for Circle, but was rebuffed due to the offer being too low.

Edited by Andrew Hayward

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May 27, 2025 0 comments