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Hodler’s Digest: February 23 – March 1

The cryptocurrency market has been experiencing a rollercoaster of emotions, with prices fluctuating wildly and regulatory bodies making moves that shape the industry’s future. In this week’s Hodler’s Digest, we’ll be diving into the big stories that dominated the headlines, including SCB’s bold prediction of a $500,000 Bitcoin, the SEC’s surprising dismissal of a lawsuit against Coinbase, and more.

SCB Tips $500,000 BTC: A Predictive Paradigm Shift

Stockholm-based financial firm, SEB (Swedbank), has made an unprecedented prediction about the future of Bitcoin. In a recent report, they forecast that the cryptocurrency could reach an astonishing $500,000 by the end of Donald Trump’s term. While this prediction may seem far-fetched to some, it’s worth examining the potential factors that could contribute to such a monumental price increase.

One major factor is the growing institutional investment in the cryptocurrency space. As more mainstream financial institutions and hedge funds begin to dip their toes into the world of crypto, prices can be expected to rise. SEB’s prediction is based on the idea that this increased investment will lead to a significant surge in prices.