The value of the cryptocurrency market jumped by $150 billion over the weekend, with
Michael Saylor, MicroStrategy's co-founder, added to the bullish outlook by forecasting that Bitcoin could hit $150,000 before the year ends, despite expected short-term fluctuations. During his speech at the Money 20/20 event, Saylor pointed to regulatory progress, such as the U.S. SEC’s acceptance of tokenized securities, as major catalysts. He also mentioned Treasury Secretary Scott Bessent’s endorsement of stablecoins, arguing this would strengthen the dollar’s global role and encourage more institutional involvement, according to details in
At the same time, JP Morgan analyst Reginald L. Smith predicted higher revenue and EBITDA for Bitcoin mining companies, citing robust third-quarter results. The company projected annualized cash operating earnings of $600 million for
Crypto venture capital investment also reached a record, totaling $5.11 billion in October 2025, with U.S. deals making up $2.26 billion of that amount. Coinbase Ventures participated in 10 investments, focusing on artificial intelligence and prediction markets, while major funding rounds for Echo ($375 million) and Kalshi ($300 million) highlighted strong late-stage investor interest,
The
Meanwhile, Coinbase exceeded third-quarter forecasts, benefiting from a $3.7 trillion global crypto market and strategic purchases such as Deribit ($2.9 billion) and Echo ($375 million). The company’s stock gained 5% in premarket trading, though analysts cautioned about potential price competition from Binance, Bybit, and newly listed competitors like Gemini, according to
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