Peter Brandt Predicts Bitcoin Bull Run Till 2025, Shiba Inu Team Gives Crucial Statement on ShibaSwap and Shibarium, Tesla to Spend $10 Billion on AI Training This Year: Crypto News Digest by U.Today
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Take a look at the most important crypto events with U.Today’s top three news stories.
Legendary trader Peter Brandt predicts Bitcoin bull run till 2025
In a recent X post, Peter Brandt, renowned crypto trader and chartist, has presented some changes to his previous analysis, in which he projected Bitcoin's potential peak of around $72,723 for the current cycle and claimed that the largest crypto may have already reached its peak. In his latest corrections, Brandt pointed out that he assigned a 25% probability to his projection, giving more credence to a report he issued in February. In this report, the veteran trader provided a chart forecasting a bull run until September-October 2025, with the Bitcoin price potentially surging to highs of $160,000. Brandt's contradictory forecasts divided the crypto community; while some investors have embraced an optimistic outlook, others have remained cautious, considering the potential impact of exponential decay.
Alex DovbnyaShiba Inu (SHIB) team gives crucial statement on ShibaSwap and Shibarium
Lucie, Shiba Inu's marketing lead and SHIB enthusiast, has recently taken to X platform to share yet another update on the project's ecosystem. This time, Lucie's post concerned ShibaSwap, a decentralized exchange platform created to amplify the utility and functionality of the SHIB token ecosystem. She wrote that ShibaSwap is "going multichain," as it expands to operate on both Shibarium and Ethereum chains. This move aims to fortify ShibaSwap's security infrastructure and augment its interoperability. Lucie's post is also hinting at the important role of BONE, the governance token of ShibaSwap and Shibarium's gas fee token. "If you know, you know," Lucie concluded her post.
Arman ShirinyanElon Musk's Tesla to spend $10 billion on AI training this year
According to a recent X post by innovative entrepreneur Elon Musk, Tesla electric automobile giant is going to invest $10 billion into AI training this year. The centibillionaire also added that in his opinion, any company that is not investing into AI training at this level, or that does not do so efficiently, will not be able to compete with rivals. As a reminder, Tesla has already spent $1 billion on training compute in the first quarter, doubling its compute capacity during that training. Following the $10 billion investment announcement, many members of the crypto community begin to wonder whether xAI, Musk's AI company founded to compete with OpenAI, is going to cooperate more with Tesla (such as Tesla acquiring a stake in it, or Tesla becoming involved with Grok to any degree in the future).
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