AgriFORCE Growing Systems Ltd., a Canadian agricultural company, has launched a Bitcoin mining operation in Alberta, powered by stranded natural gas. In its June 17 announcement, AgriFORCE said the site was launched in partnership with energy provider BlueFlare Energy. The…

Canada-based AgriFORCE launches Bitcoin mining site powered by stranded gas

According to reports, Iranian cryptocurrency exchange Nobitex suffered a 
breach, with onchain data revealing that around $82 million was siphoned from 
its reserves. A hacker collective calling itself Predatory Sparrow has claimed 
responsibility for the coordinated hit on the centralized exchange (CEX). 
Hackers Loot Iran’s Nobitex, Threaten Full Source Code Leak Within 24 Hours On 
[…]

Hacking Group ‘Predatory Sparrow’ Claims $82M Crypto Raid on Iran’s Top Crypto Exchange

Norwegian crypto broker K33 is raising at least 85 million Swedish krona ($8.9 
million) through a share issue to purchase up to 1,000 Bitcoin for its 
treasury.

Norwegian crypto firm K33 raising more funds to buy up to 1,000 BTC

In a striking forecast, two academic researchers, Murray Rudd and Dennis 
Porter, have predicted that Bitcoin (BTC) could soar to an astonishing $4.3 
million by 2036 if institutional buying trends continue. This prediction was 
highlighted by market expert Giovanni Incasa, who emphasized the significance 
of applying rigorous supply-demand theories to Bitcoin&#8217;s unique economic 
structure. Supply Shock Warning Rudd and Porter have employed pure 
mathematical modeling to analyze Bitcoin&#8217;s market dynamics, warning that the 
impending supply shock could lead to price fluctuations ten times more severe 
than anything seen to date. Their findings suggest that the effects of this 
supply shock will result in permanent wealth redistribution, fundamentally 
altering the landscape of digital assets. Related Reading: On-Chain Analyst 
Warns: Bitcoin Peak Expected, Altcoins Facing -95% Plunge According to their 
conservative estimates, the Bitcoin price could reach $2.2 million per coin by 
2036, a projection rooted in what they describe as &#8220;economic physics.&#8221; The 
researchers note that the current liquid supply of Bitcoin stands at only 11.2 
million coins, with an estimated 4 million Bitcoin lost forever due to lost 
keys and Satoshi Nakamoto&#8217;s unspent stash. Their analysis reveals that only 
half of BTC’s total supply is actively liquid, meaning that even modest 
institutional purchases could lead to significant supply shortages. Evidence 
of this trend can be seen in the daily buying habits of US exchange-traded 
funds (ETFs), which have averaged 285 Bitcoin per day since their launch, and 
the actions of Bitcoin treasury companies that are removing thousands of coins 
from circulation through debt financing. Senator Cynthia Lummis has also 
proposed a strategic reserve of one million Bitcoin, which would involve an 
acquisition of approximately 550 coins per day over five years. The 
researchers calculate that if 2,000 Bitcoin are removed from circulation 
daily, the price could reach $106,000—a figure that is already close to 
today&#8217;s trading price of $104,800, suggesting that their mathematical 
framework is holding true. The crux of the researchers&#8217; findings is that 
traditional supply curves are not applicable to BTC. Its perfectly inelastic 
supply creates significant bottlenecks as demand rises, leading to dramatic 
price increases. They emphasize that institutions that delay their investments 
risk becoming permanently priced out of the market. Three Scenarios For 
Bitcoin Rudd and Porter outline three potential scenarios for Bitcoin&#8217;s 
future. In a conservative scenario, with a 20-fold increase in demand and 
continued institutional adoption leading to 2,000 daily Bitcoin withdrawals, 
prices could reach $2.2 million by 2036. Their bullish scenario posits a 
30-fold demand growth, where Bitcoin could hit $5 million by early 2031. The 
most extreme, hyperbolic scenario anticipates a 40-fold demand increase, with 
daily withdrawals escalating to 4,000 Bitcoin, potentially driving prices to 
$4.3 million by 2036 and valuing Bitcoin at six times the current market cap 
of gold. Related Reading: Ethereum Slows Down In June: Historical Data Says 
More Losses To Come The implications of Rudd and Porter’s research extend 
beyond mere speculation. It highlights a transformative period for BTC and the 
broader financial landscape, where strategic positioning and early adoption 
could mean the difference between thriving and merely surviving in the digital 
economy. Featured image from DALL-E, chart from TradingView.com

Researchers Forecast Bitcoin At $4.3 Million By 2036, Citing Institutional Demand

Bitcoin price has retreated in the past few days, and the futures market 
points to more downside, potentially to $100,000. Bitcoin (BTC) dropped to 
$104,650 on Wednesday, June 18, marking a 6.52% decline from its highest level 
this year. Option…

Bitcoin price could fall under $100k, options data suggests

Telegram mini-games reached a zenith in 2024, but the TON blockchain still 
averages over 2.1 million active wallets.