Bitcoin Stalls Below $100K Despite Brooks' Praise
1min read Bitcoin's (BTC) price has stalled below the $100,000 mark, despite praise from President Trump's crypto czar, Brian Brooks. Brooks, who served as the acting comptroller of the currency under Trump, has been a vocal advocate for cryptocurrencies and their potential to revolutionize the financial industry. However, the market has shown little reaction to his endorsement, with BTC's price remaining relatively flat.
Analysts attribute the lack of momentum to a variety of factors, including regulatory uncertainty, market saturation, and a general cooling of the crypto hype cycle. While Brooks' support for cryptocurrencies is welcomed by the industry, investors appear to be more focused on fundamentals and long-term growth prospects than celebrity endorsements.
Meanwhile, other projects in the crypto space are gaining traction, with Lightchain AI raising $13.5 million during its presale phase. The project, which aims to combine blockchain and artificial intelligence, has attracted significant interest from investors seeking more than just short-term gains. Unlike Trump and Melania's coins, which thrived on cultural relevance, Lightchain AI is building a reputation for unique technology and long-term viability.
In other news, the FDIC has announced plans to establish clearer pathways for institutions to engage in crypto while maintaining regulatory compliance. The agency is working with President Trump's Digital Asset Markets Working Group to foster engagement in the crypto space while ensuring proper oversight. This move signals a growing recognition of the importance of cryptocurrencies and the need for clear regulatory guidelines.
Standard Chartered, a prominent British multinational bank, has published predictions suggesting that Bitcoin (BTC) could surge to a staggering $500,000 before the end of Donald Trump's potential administration. The bank's projections hinge on the belief that a friendlier regulatory framework, along with enhanced access through the launch of Bitcoin spot exchange-traded funds (ETFs) in January 2024, will propel BTC's adoption among investors.
The bank's projections indicate a gradual yet substantial price trajectory for Bitcoin, moving from an anticipated $200,000 in 2025, to $300,000 in 2026, followed by $400,000 in 2027, ultimately reaching its forecasted peak of $500,000 
